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REGISTERED NUMBER: SC440560 (Scotland)












Financial Statements for the Year Ended 31 December 2024

for

JPE WELL ENGINEERING LTD

JPE WELL ENGINEERING LTD (REGISTERED NUMBER: SC440560)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JPE WELL ENGINEERING LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A Wallace





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC440560 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

JPE WELL ENGINEERING LTD (REGISTERED NUMBER: SC440560)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 110,571 109,020

CREDITORS
Amounts falling due within one year 5 109,906 108,485
NET CURRENT ASSETS 665 535
TOTAL ASSETS LESS CURRENT
LIABILITIES

665

535

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 565 435
SHAREHOLDERS' FUNDS 665 535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2025 and were signed by:





A Wallace - Director


JPE WELL ENGINEERING LTD (REGISTERED NUMBER: SC440560)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

JPE Well Engineering Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 110,571 109,020

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 109,486 108,065
Other creditors 420 420
109,906 108,485

JPE WELL ENGINEERING LTD (REGISTERED NUMBER: SC440560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
A Wallace and V J Wallace
Balance outstanding at start of year 90,815 89,511
Amounts advanced 2,043 1,304
Amounts repaid (492 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,366 90,815

7. RELATED PARTY DISCLOSURES

The company was under control of the director, A Wallace, throughout the current and previous year.