REGISTERED NUMBER: 09358847 (England and Wales)

IJ CNC SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

I H Jinks

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

09358847 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

29,124

156,036

Investments

6

5,000

5,000

Investment property

7

360,000

-

394,124

161,036

CURRENT ASSETS

Debtors

8

7,481

12,151

Cash at bank and in hand

9,202

39,099

16,683

51,250

CREDITORS

Amounts falling due within one year

9

52,633

106,297

NET CURRENT LIABILITIES

(35,950

)

(55,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

358,174

105,989

PROVISIONS FOR LIABILITIES

59,781

6,035

NET ASSETS

298,393

99,954

CAPITAL AND RESERVES

Called up, paid and allotted share capital

2

2

Non distributable reserve

10

157,500

-

Retained earnings

10

140,891

99,952

SHAREHOLDERS' FUNDS

298,393

99,954

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

I H Jinks - Director

1.	STATUTORY INFORMATION

IJ CNC Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Investments

Investments in unlisted shares are included at cost less any provision for impairment.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2024

150,000

52,099

-

202,099

Additions

-

3,543

713

4,256

Disposals

-

(3,661

)

-

(3,661

)

Reclassification/transfer

(150,000

)

-

-

(150,000

)

At 31 December 2024

-

51,981

713

52,694

DEPRECIATION

At 1 January 2024

27,000

19,063

-

46,063

Charge for year

-

7,315

239

7,554

Eliminated on disposal

-

(3,047

)

-

(3,047

)

Charge written back

(27,000

)

-

-

(27,000

)

At 31 December 2024

-

23,331

239

23,570

NET BOOK VALUE

At 31 December 2024

-

28,650

474

29,124

At 31 December 2023

123,000

33,036

-

156,036

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

5,000

NET BOOK VALUE

At 31 December 2024

5,000

At 31 December 2023

5,000

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

210,000

Reclassification/transfer

150,000

At 31 December 2024

360,000

NET BOOK VALUE

At 31 December 2024

360,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

210,000

Cost

150,000

360,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

150,000

-

Investment property was valued on an open market basis on 31 December 2024 by the director .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,893

5,496

Other debtors

5,588

6,655

7,481

12,151

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,045

3,071

Taxation and social security

6,838

7,468

Other creditors

44,750

95,758

52,633

106,297

10.

RESERVES

Non

Retained

distributable

earnings

reserve

Totals

£

£

£

At 1 January 2024

99,952

-

99,952

Profit for the year

198,939

198,939

Dividends

(500

)

(500

)

Transfer between reserves

(157,500

)

157,500

-

At 31 December 2024

140,891

157,500

298,391

11.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, brought forward loans in aggregate of £49,501 were repaid by the company. At the year end the company owed the director £42,211. The loans are unsecured, interest free and repayable on demand.