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Company Registration No. 13064542 (England and Wales)
J & SC Ltd Unaudited accounts for the year ended 31 December 2024
J & SC Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
J & SC Ltd Company Information for the year ended 31 December 2024
Director
Sukhminder Chahal
Company Number
13064542 (England and Wales)
Registered Office
66 Long Lake Avenue Wolverhampton WV6 8EX
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
- 3 -
J & SC Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
121,304
121,304
Current assets
Debtors
5
-
130
Cash at bank and in hand
7,919
4,903
7,919
5,033
Creditors: amounts falling due within one year
6
(47,297)
(46,925)
Net current liabilities
(39,378)
(41,892)
Total assets less current liabilities
81,926
79,412
Creditors: amounts falling due after more than one year
7
(87,036)
(87,036)
Net liabilities
(5,110)
(7,624)
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
(5,210)
(7,724)
Shareholders' funds
(5,110)
(7,624)
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2025 and were signed on its behalf by
Sukhminder Chahal Director Company Registration No. 13064542
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J & SC Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
J & SC Ltd is a private company, limited by shares, registered in England and Wales, registration number 13064542. The registered office is 66 Long Lake Avenue, Wolverhampton, WV6 8EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024
£
Fair value at 1 January 2024
121,304
At 31 December 2024
121,304
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
130
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
4
-
Loans from directors
46,963
46,665
Accruals
330
260
47,297
46,925
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J & SC Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
87,036
87,036
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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