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Registration number: 01087200

JPR Mechanical And Electrical Services Limited

Annual Report and Financial Statements

for the Year Ended 31 January 2025

 

JPR Mechanical And Electrical Services Limited

Contents

Company Information

1

Strategic Report

2

Directors' Report

3

Statement of Directors' Responsibilities

4

Independent Auditor's Report

5 to 8

Profit and Loss Account and Statement of Retained Earnings

9

Balance Sheet

10

Statement of Cash Flows

11

Notes to the Financial Statements

12 to 20

 

JPR Mechanical And Electrical Services Limited

Company Information

Directors

Mr SP Beaumont

Mr J Moran

Registered office

North Street
Stoke On Trent
Staffordshire
ST4 7SA

Auditors

Alextra Audit Limited
Chartered Certified Accountants & Registered Auditors7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

JPR Mechanical And Electrical Services Limited

Strategic Report for the Year Ended 31 January 2025

The directors present their strategic report for the year ended 31 January 2025.

Principal activity

The principal activity of the company is electrical & plumbing services.

Fair review of the business

The Directors are pleased to report that the company generated an increase in turnover from £18,828,975 to £19,288,709 with subsequent after-tax profit levels of £1,040,305 for the 31 January 2025 year end.

The company enters a new financial year with a positive outlook and strong order book for the foreseeable future.

Raw material costs have stabilised, which has positively affected profit margins. There were no struggles with buying the appropriate materials and materials were delivered on time.

During last year, the company implemented internal infrastructure and recruitment measures, which have help towards the improvements this year. Senior management in the security department were transformed, which has resulted in the department now becoming profit making.

Prompt payments have continued to be made to suppliers and HMRC.

The company maintains its commitment and implementation to apprentice training, which is considered essential to future growth and prosperity.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs

Unit

2025

2024

Gross profit

%

23.7

24.65

Net current assets

£

3,820,845

2,798,356

Net cash

£

755,595

1,254,510

Principal risks and uncertainties

Operating in the construction sector, the company is exposed to protracted payment terms with customers and working capital management issues. The safety of the company's employees, whilst on site, is a particular concern too.

The management of the company offset these risks by having strict credit terms with new customers and by developing strong relationships with customers to ensure contract terms are adhered to and problems are headed-off before they become significant. The health and safety of the workforce on construction sites is paramount to the company and our operations risk manager assesses all risks which the workforce may be exposed to before and during our onsite work.

Due to global economic conditions resulting in uncertainty in copper costs and fuel prices, the Directors will strive to ensure that these are closely monitored.

Approved and authorised by the Board on 16 July 2025 and signed on its behalf by:
 

.........................................
Mr J Moran
Director

 

JPR Mechanical And Electrical Services Limited

Directors' Report for the Year Ended 31 January 2025

The directors present their report and the financial statements for the year ended 31 January 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr SP Beaumont (appointed 28 October 2024)

Mr J Moran

Financial instruments

Price risk, credit risk, liquidity risk and cash flow risk

The business's principal financial instruments comprise bank balances, bank overdraft, trade and other debtors, trade creditors and other creditors.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances made for any doubtful debts.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 16 July 2025 and signed on its behalf by:
 

.........................................
Mr J Moran
Director

 

JPR Mechanical And Electrical Services Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

JPR Mechanical And Electrical Services Limited

Independent Auditor's Report to the Members of JPR Mechanical And Electrical Services Limited

Opinion

We have audited the financial statements of JPR Mechanical And Electrical Services Limited (the 'company') for the year ended 31 January 2025, which comprise the Profit and Loss Account and Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

JPR Mechanical And Electrical Services Limited

Independent Auditor's Report to the Members of JPR Mechanical And Electrical Services Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

 

JPR Mechanical And Electrical Services Limited

Independent Auditor's Report to the Members of JPR Mechanical And Electrical Services Limited

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was to identify those laws and regulations applicable to the company through discussions with the directors and to assess the content of compliance with them through making enquiries of management and inspecting legal correspondence.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify unusual or unexpected relationships or transactions and assessed whether judgements and assumptions made in determining any accounting estimates were indicative of potential bias.

There are inherent limitations in our audit procedures described above. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusions.

We make enquiries of those charged with governance, review and test internal controls and accounting assertions, both individually and substantively, on a sample basis, and consider any breaches of laws and regulations, including litigation or claims.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors report.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit.

 

JPR Mechanical And Electrical Services Limited

Independent Auditor's Report to the Members of JPR Mechanical And Electrical Services Limited

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Matthew Geoffrey Price FCCA (Senior Statutory Auditor)
For and on behalf of Alextra Audit Limited, Statutory Auditor
 7-9 Macon Court
Crewe
Cheshire
CW1 6EA

6 August 2025

 

JPR Mechanical And Electrical Services Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2025

Note

2025
£

2024
£

Turnover

3

19,288,709

18,828,975

Cost of sales

 

(14,716,421)

(14,186,794)

Gross profit

 

4,572,288

4,642,181

Administrative expenses

 

(3,180,441)

(2,812,299)

Other operating income

4

2,500

3,000

Operating profit

6

1,394,347

1,832,882

Other interest receivable and similar income

7

2,874

56

Interest payable and similar charges

8

-

(15,438)

 

2,874

(15,382)

Profit before tax

 

1,397,221

1,817,500

Taxation

12

(356,916)

(512,254)

Profit for the financial year

 

1,040,305

1,305,246

Retained earnings brought forward

 

2,972,968

1,992,549

Dividends paid

 

-

(324,827)

Retained earnings carried forward

 

4,013,273

2,972,968

 

JPR Mechanical And Electrical Services Limited

(Registration number: 01087200)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

13

30,061

42,817

Tangible assets

14

227,529

191,019

 

257,590

233,836

Current assets

 

Stocks

15

10,263

6,000

Debtors

16

5,466,889

4,758,225

Cash at bank and in hand

 

755,595

1,254,510

 

6,232,747

6,018,735

Creditors: Amounts falling due within one year

18

(2,411,902)

(3,220,379)

Net current assets

 

3,820,845

2,798,356

Total assets less current liabilities

 

4,078,435

3,032,192

Provisions for liabilities

(64,397)

(58,459)

Net assets

 

4,014,038

2,973,733

Capital and reserves

 

Called up share capital

255

255

Capital redemption reserve

510

510

Retained earnings

4,013,273

2,972,968

Shareholders' funds

 

4,014,038

2,973,733

Approved and authorised by the Board on 16 July 2025 and signed on its behalf by:
 

.........................................
Mr J Moran
Director

 

JPR Mechanical And Electrical Services Limited

Statement of Cash Flows for the Year Ended 31 January 2025

Note

2025
£

2024
£

Cash flows from operating activities

Profit for the year

 

1,040,305

1,305,246

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

6

90,964

79,494

Loss/(profit) on disposal of tangible assets

5

59

(8,833)

Finance income

7

(2,874)

(56)

Finance costs

8

-

15,438

Income tax expense

12

356,916

512,254

 

1,485,370

1,903,543

Working capital adjustments

 

Increase in stocks

15

(4,263)

-

Increase in trade debtors

16

(708,665)

(952,795)

(Decrease)/increase in trade creditors

18

(453,377)

528,442

Cash generated from operations

 

319,065

1,479,190

Income taxes paid

12

(706,077)

(115,587)

Net cash flow from operating activities

 

(387,012)

1,363,603

Cash flows from investing activities

 

Interest received

7

2,874

56

Acquisitions of tangible assets

(115,285)

(123,710)

Proceeds from sale of tangible assets

 

1,301

15,075

Acquisition of intangible assets

13

(793)

(13,224)

Net cash flows from investing activities

 

(111,903)

(121,803)

Cash flows from financing activities

 

Interest paid

8

-

(15,438)

Proceeds from bank borrowing draw downs

 

-

(340,580)

Dividends paid

-

(324,827)

Net cash flows from financing activities

 

-

(680,845)

Net (decrease)/increase in cash and cash equivalents

 

(498,915)

560,955

Cash and cash equivalents at 1 February

 

1,254,510

693,555

Cash and cash equivalents at 31 January

 

755,595

1,254,510

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
North Street
Stoke On Trent
Staffordshire
ST4 7SA
UK

These financial statements were authorised for issue by the Board on 16 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Contract revenue recognition

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contact turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

33% straight line basis

Fixtures and fittings

20% reducing balance basis

Computers

33% straight line basis

Motor vehicles

25% reducing balance basis

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software

20% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's revenue for the year from continuing operations is as follows:

2025
 £

2024
 £

Sale of goods

19,288,709

18,828,975

4

Other operating income

The analysis of the company's other operating income for the year is as follows:

2025
 £

2024
 £

Government grants

2,500

3,000

5

Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

2025
 £

2024
 £

Gain/loss on disposal of property, plant and equipment

(59)

8,833

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

6

Operating profit

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

77,415

66,103

Amortisation expense

13,549

13,391

Loss/(profit) on disposal of property, plant and equipment

59

(8,833)

7

Other interest receivable and similar income

2025
 £

2024
 £

Interest income on bank deposits

2,874

56

8

Interest payable and similar expenses

2025
 £

2024
 £

Interest on bank overdrafts and borrowings

-

6,768

Interest expense on other finance liabilities

-

8,670

-

15,438

9

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2025
£

2024
£

Wages and salaries

5,297,766

5,043,933

Social security costs

467,315

463,497

Pension costs, defined contribution scheme

188,728

227,281

Other employee expense

77,461

85,991

6,031,270

5,820,702

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2025
No.

2024
No.

Operatives

91

92

Management

31

29

Directors

2

2

124

123

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

10

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
 £

2024
 £

Remuneration

38,563

24,920

Contributions paid to money purchase schemes

64,000

103,000

102,563

127,920

11

Auditors' remuneration

2025
 £

2024
 £

Audit of the financial statements

17,555

18,320


 

12

Taxation

Tax charged/(credited) in the profit and loss account

2025
£

2024
£

Current taxation

UK corporation tax

350,977

423,978

UK corporation tax adjustment to prior periods

-

63,794

350,977

487,772

Deferred taxation

Arising from origination and reversal of timing differences

5,939

24,482

Tax expense in the income statement

356,916

512,254

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

2025
£

2024
£

Profit before tax

1,397,221

1,817,500

Corporation tax at standard rate

349,305

454,375

Increase in UK and foreign current tax from adjustment for prior periods

-

63,794

Decrease from effect of change in corporation tax rate

-

(5,429)

Effect of expense not deductible in determining taxable profit (tax loss)

7,611

1,058

Deferred tax adjustment in respect of current year

-

(1,544)

Total tax charge

356,916

512,254

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

13

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 February 2024

66,954

66,954

Additions acquired separately

793

793

At 31 January 2025

67,747

67,747

Amortisation

At 1 February 2024

24,137

24,137

Amortisation charge

13,549

13,549

At 31 January 2025

37,686

37,686

Carrying amount

At 31 January 2025

30,061

30,061

At 31 January 2024

42,817

42,817

14

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

100,486

545,230

220,787

866,503

Additions

-

113,035

2,250

115,285

Disposals

-

(11,675)

(170,957)

(182,632)

At 31 January 2025

100,486

646,590

52,080

799,156

Depreciation

At 1 February 2024

85,824

371,173

218,487

675,484

Charge for the year

2,932

71,433

3,050

77,415

Eliminated on disposal

-

(10,315)

(170,957)

(181,272)

At 31 January 2025

88,756

432,291

50,580

571,627

Carrying amount

At 31 January 2025

11,730

214,299

1,500

227,529

At 31 January 2024

14,662

174,057

2,300

191,019

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

15

Stocks

2025
£

2024
£

Other inventories

10,263

6,000

16

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

2,845,831

2,942,463

Amounts owed by related parties

22

1,129,781

-

Other debtors

 

101,141

97,981

Prepayments

 

213,951

306,929

Gross amount due from customers for contract work

 

1,176,185

1,410,852

   

5,466,889

4,758,225

17

Cash and cash equivalents

2025
 £

2024
 £

Cash on hand

1,092

3,160

Cash at bank

754,503

1,251,350

755,595

1,254,510

18

Creditors

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

1,105,480

1,321,071

Amounts due to related parties

22

650,529

250,326

Social security and other taxes

 

114,464

131,254

Other payables

 

67,705

71,781

Accruals

 

404,846

1,021,969

Income tax liability

12

68,878

423,978

 

2,411,902

3,220,379

A fixed and floating charge dated 28 October 2024, in favour of Mr & Mrs Moran, was granted on all present and future assets of the company.

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

19

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £188,728 (2024 - £227,281).

20

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

67,082

69,820

Later than one year and not later than five years

240,940

50,966

308,022

120,786

The amount of non-cancellable operating lease payments recognised as an expense during the year was £65,786 (2024 - £71,423).

21

Analysis of changes in net debt

At 1 February 2024
£

Financing cash flows
£

At 31 January 2025
£

Cash and cash equivalents

Cash

1,254,510

(498,915)

755,595

 

1,254,510

(498,915)

755,595

 

JPR Mechanical And Electrical Services Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

22

Related party transactions

Loans to related parties

2025

Ultimate Parent
£

Total
£

Advanced

1,129,781

1,129,781

At end of period

1,129,781

1,129,781

Loans from related parties

2025

Parent
£

Total
£

At start of period

250,326

250,326

Advanced

400,203

400,203

At end of period

650,529

650,529

2024

Parent
£

Total
£

At start of period

275,499

275,499

Repaid

(25,173)

(25,173)

At end of period

250,326

250,326

23

Parent and ultimate parent undertaking

JPR Group Holdings Limited, along with its subsidiary (JPR Mechanical and Electrical Services Limited) was acquired by Drayton Beaumont Group Limited on the 28 October 2024.

 The company's immediate parent is JPR Group Holdings Limited, incorporated in England and Wales.

 The ultimate parent is Drayton Beaumont Group Limited, incorporated in England and Wales.

  These financial statements are available upon request from the registered office

 The ultimate controlling party is Drayton Beaumont Group Limited.