REGISTERED NUMBER: 09409990 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

JOS North East Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Dunn

B Smith

G Thomas

Mrs J Thompson

REGISTERED OFFICE:

First Floor

Teesview Sabatier Close

Thornaby

Stockton on Tees

TS17 6EW

REGISTERED NUMBER:

09409990 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

121,319

112,437

CURRENT ASSETS

Stocks

25,000

59,565

Debtors

5

428,345

348,259

Cash at bank and in hand

42,882

5,063

496,227

412,887

CREDITORS

Amounts falling due within one year

6

435,945

257,279

NET CURRENT ASSETS

60,282

155,608

TOTAL ASSETS LESS CURRENT LIABILITIES

181,601

268,045

CREDITORS

Amounts falling due after more than one year

7

(33,903

)

(36,966

)

PROVISIONS FOR LIABILITIES

(9,414

)

(22,299

)

NET ASSETS

138,284

208,780

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

138,280

208,776

138,284

208,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 31 July 2025 and were signed on its behalf by:

Mrs J Thompson - Director

1.	STATUTORY INFORMATION

JOS North East 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2023

72,012

5,107

201,377

278,496

Additions

-

-

38,085

38,085

At 30 September 2024

72,012

5,107

239,462

316,581

DEPRECIATION

At 1 October 2023

42,014

3,344

120,701

166,059

Charge for year

6,000

582

22,621

29,203

At 30 September 2024

48,014

3,926

143,322

195,262

NET BOOK VALUE

At 30 September 2024

23,998

1,181

96,140

121,319

At 30 September 2023

29,998

1,763

80,676

112,437

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

28,775

Additions

38,085

At 30 September 2024

66,860

DEPRECIATION

At 1 October 2023

3,596

Charge for year

8,747

At 30 September 2024

12,343

NET BOOK VALUE

At 30 September 2024

54,517

At 30 September 2023

25,179

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

253,982

163,005

Amounts owed by group undertakings

96,387

-

Other debtors

77,976

185,254

428,345

348,259

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

25,692

17,451

Trade creditors

60,075

63,026

Taxation and social security

306,738

124,525

Other creditors

33,440

42,277

435,945

257,279

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

6,667

16,667

Hire purchase contracts

27,236

20,299

33,903

36,966

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Hire purchase contracts

52,928

37,750

Hire purchase liability is secured against the assets to which they relate.