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Registered number: 07454463
JC-ELECTRONICS LTD
Financial Statements
For The Year Ended 31 December 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07454463
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,035 -
Tangible Assets 5 32,309 16,897
39,344 16,897
CURRENT ASSETS
Stocks 6 88,719 41,176
Debtors 7 622,893 581,129
Cash at bank and in hand 516,447 1,058,811
1,228,059 1,681,116
Creditors: Amounts Falling Due Within One Year 8 (556,340 ) (629,906 )
NET CURRENT ASSETS (LIABILITIES) 671,719 1,051,210
TOTAL ASSETS LESS CURRENT LIABILITIES 711,063 1,068,107
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (629 ) (731 )
NET ASSETS 710,434 1,067,376
CAPITAL AND RESERVES
Called up share capital 11 2 2
Income Statement 710,432 1,067,374
SHAREHOLDERS' FUNDS 710,434 1,067,376
Page 1
Page 2
For the year ending 31 December 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Jannes Cruiming
Director
Mr Gerben Katje
Director
30th July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JC-ELECTRONICS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07454463 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised to income statement over its estimated economic life of three years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 34,000
Additions 10,500
As at 31 December 2024 44,500
Amortisation
As at 1 January 2024 34,000
Provided during the period 3,465
As at 31 December 2024 37,465
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 7,035
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 13,785 15,494 - 29,279
Additions - 460 21,131 21,591
As at 31 December 2024 13,785 15,954 21,131 50,870
Depreciation
As at 1 January 2024 - 12,382 - 12,382
Provided during the period - 896 5,283 6,179
As at 31 December 2024 - 13,278 5,283 18,561
Net Book Value
As at 31 December 2024 13,785 2,676 15,848 32,309
As at 1 January 2024 13,785 3,112 - 16,897
6. Stocks
2024 2023
£ £
Stock 88,719 41,176
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 443,592 472,432
Prepayments and accrued income 19,445 13,950
Inter-company loans 159,856 94,747
622,893 581,129
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 348,660 318,808
Corporation tax 4,427 90,644
Other taxes and social security 13,039 11,582
VAT 39,165 111,345
Other creditors 13,270 13,270
Credit cards 243 283
Inter-company loans creditor 43,888 43,888
Accruals and deferred income 93,648 40,086
556,340 629,906
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 629 731
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 731 731
Additions (102 ) (102)
Balance at 31 December 2024 629 629
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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