Company Registration No. 14102125 (England and Wales)
JJ Custom Creations Ltd
Unaudited accounts
for the year ended 31 May 2025
JJ Custom Creations Ltd
Unaudited accounts
Contents
JJ Custom Creations Ltd
Company Information
for the year ended 31 May 2025
Directors
Darren Johnson
Matthew Johnson
Company Number
14102125 (England and Wales)
Registered Office
3 Rhodes Street
Liversedge
West Yorkshire
WF15 6BG
England
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
JJ Custom Creations Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
43,644
17,105
Cash at bank and in hand
11,788
20,483
Creditors: amounts falling due within one year
(21,234)
(15,410)
Net current (liabilities)/assets
(1,588)
10,089
Total assets less current liabilities
42,056
27,194
Creditors: amounts falling due after more than one year
(500)
-
Provisions for liabilities
Deferred tax
(3,961)
(2,267)
Called up share capital
2
2
Profit and loss account
37,593
24,925
Shareholders' funds
37,595
24,927
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2025 and were signed on its behalf by
Darren Johnson
Director
Company Registration No. 14102125
JJ Custom Creations Ltd
Notes to the Accounts
for the year ended 31 May 2025
JJ Custom Creations Ltd is a private company, limited by shares, registered in England and Wales, registration number 14102125. The registered office is 3 Rhodes Street, Liversedge, West Yorkshire, WF15 6BG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
JJ Custom Creations Ltd
Notes to the Accounts
for the year ended 31 May 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
17,991
-
6,361
24,352
Additions
14,145
22,633
999
37,777
At 31 May 2025
32,136
22,633
7,360
62,129
At 1 June 2024
5,123
-
2,124
7,247
Charge for the year
5,403
4,526
1,309
11,238
At 31 May 2025
10,526
4,526
3,433
18,485
At 31 May 2025
21,610
18,107
3,927
43,644
At 31 May 2024
12,868
-
4,237
17,105
Amounts falling due within one year
Accrued income and prepayments
2,661
4,006
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
728
92
Taxes and social security
8,620
4,100
Loans from directors
152
5,016
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
500
-
JJ Custom Creations Ltd
Notes to the Accounts
for the year ended 31 May 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
3,961
2,267
Provision at start of year
2,267
486
Charged to the profit and loss account
1,694
1,781
Provision at end of year
3,961
2,267
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Transactions with related parties
The company is in receipt of loans amounting to £152.00 from members of key management personnel. The loans are payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loans were still outstanding and are presented within creditors: amounts falling due within one year.
During the year, total dividends of £31,000 (2024: £2,000) were paid to the directors.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).