ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 01082076

J S SEATING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

J S SEATING LIMITED

REGISTERED NUMBER: 01082076

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		3,459		4,611
Current assets
Stocks	5	39,210		32,988
Debtors: amounts falling due within one year	6	261,179		166,185
Cash at bank and in hand		56,984		39,552
		357,373		238,725
Creditors: amounts falling due within one year	7	(270,125)		(144,018)
Net current assets			87,248		94,707
Total assets less current liabilities			90,707		99,318
Creditors: amounts falling due after more than one year	8		(12,500)		(22,500)

Net assets			78,207		76,818

Capital and reserves
Called up share capital	10	76,083	76,083
Profit and loss account		2,124	735
		78,207	76,818

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J S SEATING LIMITED

REGISTERED NUMBER: 01082076

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by

C D Johnson Esq	M Johnson Esq
Director	Director

Date: 20 August 2025

The notes on pages 3 to 7 form part of these financial statements.

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J S SEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

J S Seating Limited is a company limited by shares and incorporated in England and Wales. The registered office of the company is Office 2, 3 Rectory Lane, Brasted, Westerham, Kent, TN16 1JP. The principal activity of the company during the year was that of the sale, installation and repair of office furniture.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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J S SEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases.

Leasehold improvements	-	10%	reducing balance
Plant and machinery	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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J S SEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Employees

The average number of employees, including directors, during the year was 8 (2023 - 7).

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost or valuation
	At 1 January 2024	61,802
	At 31 December 2024	61,802
	Depreciation
	At 1 January 2024	57,191
	Charge for the year on owned assets	1,152
	At 31 December 2024	58,343
	Net book value
	At 31 December 2024	3,459
	At 31 December 2023	4,611

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J S SEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Stocks
		2024	2023
		£	£

Work in progress	-	135
Finished goods and goods for resale	39,210	32,853
	39,210	32,988

Debtors

					2024	2023
					£	£


Trade debtors	238,840	142,189
Other debtors	13,458	13,458
Prepayments and accrued income	8,881	10,538
	261,179	166,185

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	10,000	10,000
Trade creditors	207,444	91,443
Corporation tax	26,267	23,815
Other taxation and social security	21,169	13,469
Other creditors	495	646
Accruals and deferred income	4,750	4,645
	270,125	144,018

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	12,500	22,500
	12,500	22,500

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J S SEATING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Amounts falling due within one year
Bank loans	10,000	10,000
Amounts falling due 1-2 years
Bank loans	12,500	10,000
Amounts falling due 2-5 years
Bank loans	-	12,500

	22,500	32,500

10.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

204 (2023 - 204) Ordinary "A" shares of £0.10 each	20.40	20.40
205 (2023 - 205) Ordinary "B" shares of £0.10 each	20.50	20.50
205 (2023 - 205) Ordinary "D" shares of £0.10 each	20.50	20.50
120 (2023 - 120) Ordinary "E" shares of £0.10 each	12.00	12.00
100 (2023 - 100) Ordinary "F" shares of £0.10 each	10.00	10.00
380,000 (2023 - 380,000) Ordinary "G" shares of £0.10 each	38,000.00	38,000.00
380,000 (2023 - 380,000) Ordinary "H" shares of £0.10 each	38,000.00	38,000.00

	76,083.40	76,083.40

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