1 March 2023 v2025.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP124620622023-03-012024-02-29124620622024-02-29124620622023-02-2812462062core:WithinOneYear2024-02-2912462062core:WithinOneYear2023-02-2812462062core:ShareCapital2024-02-2912462062core:ShareCapital2023-02-2812462062core:RetainedEarningsAccumulatedLosses2024-02-2912462062core:RetainedEarningsAccumulatedLosses2023-02-2812462062bus:Director12023-03-012024-02-2912462062bus:RegisteredOffice2023-03-012024-02-2912462062core:FurnitureFittings2023-03-012024-02-2912462062core:OfficeEquipment2023-03-012024-02-29124620622022-03-012023-02-2812462062core:PlantMachinery2023-03-0112462062core:PlantMachinery2023-03-012024-02-2912462062core:PlantMachinery2023-02-281246206212023-03-012024-02-2912462062countries:EnglandWales2023-03-012024-02-2912462062bus:AuditExemptWithAccountantsReport2023-03-012024-02-2912462062bus:PrivateLimitedCompanyLtd2023-03-012024-02-2912462062bus:SmallEntities2023-03-012024-02-2912462062bus:FullAccounts2023-03-012024-02-29
Company registration number:
12462062
JDSpeck Limited
Unaudited Filleted Financial Statements for the year ended
29 February 2024
JDSpeck Limited
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Tangible assets 5 -  
10,036
 
Current assets    
Debtors 6 -  
412
 
Cash at bank and in hand
36,050
 
9,000
 
36,050
 
9,412
 
Creditors: amounts falling due within one year 7
(31,376
)
(17,159
)
Net current assets/(liabilities)
4,674
 
(7,747
)
Total assets less current liabilities 4,674   2,289  
Provisions for liabilities -  
(1,907
)
Net assets
4,674
 
382
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
4,673
 
381
 
Shareholders funds
4,674
 
382
 
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
29 July 2025
, and are signed on behalf of the board by:
Mr J Speck
Director
Company registration number:
12462062
JDSpeck Limited
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Holme Lea, Main Street
,
High Catton
,
York
,
York
,
YO41 1EL
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
15% reducing balance
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2023
25,081
 
Disposals
(25,081
)
At
29 February 2024
-  
Depreciation  
At
1 March 2023
15,045
 
Disposals
(15,045
)
At
29 February 2024
-  
Carrying amount  
At
29 February 2024
-  
At 28 February 2023
10,036
 

6 Debtors

20242023
££
Other debtors -  
412
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
29,842
 
14,465
 
Other creditors
1,534
 
2,694
 
31,376
 
17,159