REGISTERED NUMBER: 07609342 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JPS RENEWABLE ENERGY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N D Pocklington

R D Sanderson

Ms F Woodward

C Hogg

REGISTERED OFFICE:

Good Energy

Monkton Park Offices

Monkton Park

Chippenham

Wiltshire

SN15 1GH

REGISTERED NUMBER:

07609342 (England and Wales)

ACCOUNTANTS:

Ackland Webb Ltd

Chartered Certified Accountants

Suite 1, First Floor

3 Jubilee Way

Faversham

Kent

ME13 8GD

FIXED ASSETS

Tangible assets

4

403,766

496,029

CURRENT ASSETS

Stocks

635,966

437,313

Debtors

5

886,801

1,207,333

Cash at bank

127,426

108,320

1,650,193

1,752,966

CREDITORS

Amounts falling due within one year

6

(1,902,216

)

(1,303,579

)

NET CURRENT (LIABILITIES)/ASSETS

(252,023

)

449,387

TOTAL ASSETS LESS CURRENT LIABILITIES

151,743

945,416

CREDITORS

Amounts falling due after more than one year

7

(127,067

)

(153,071

)

PROVISIONS FOR LIABILITIES

(100,942

)

(123,668

)

NET (LIABILITIES)/ASSETS

(76,266

)

668,677

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(76,366

)

668,577

SHAREHOLDERS' FUNDS

(76,266

)

668,677

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

N D Pocklington - Director

1.	STATUTORY INFORMATION

JPS Renewable Energy Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Payments on account relate to obligations to transfer goods or services to a customer for which the company has received consideration from a customer. If a customer pays consideration before the company transfers goods or services to the customer, a liability is recognised when the payment is made. These liabilities are recognised as revenue when the company performs under the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 20% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving the financial statements. The directors note that the business has net liabilities of £76,266. The company is supported through loans from the parent company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the parent company will continue to support the company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

842,946

Additions

15,043

At 31 December 2024

857,989

DEPRECIATION

At 1 January 2024

346,917

Charge for year

107,306

At 31 December 2024

454,223

NET BOOK VALUE

At 31 December 2024

403,766

At 31 December 2023

496,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

217,970

197,819

Amounts owed by group undertakings

588,112

824,612

Other debtors

80,719

184,902

886,801

1,207,333

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

288,857

Hire purchase contracts (see note 8)

19,873

19,873

Payments on account

715,764

188,195

Trade creditors

291,248

435,756

Amounts owed to group undertakings

599,194

-

Taxation and social security

269,071

270,304

Other creditors

7,066

100,594

1,902,216

1,303,579

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

127,067

153,071

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

19,873

19,873

Between one and five years

127,067

153,071

146,940

172,944

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

461

14,824

Between one and five years

-

461

461

15,285