Junction 25 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11064129 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Junction 25 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W A O'Donnell

Mr I Jowett

Mr L W Jowett

REGISTERED OFFICE:

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

REGISTERED NUMBER:

11064129 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

22,687

28,359

Investments

5

1,513

1,501

24,200

29,860

CURRENT ASSETS

Stocks

-

382,253

Debtors

6

608,033

182,100

Cash at bank

7,637

16,514

615,670

580,867

CREDITORS

Amounts falling due within one year

7

238,166

202,669

NET CURRENT ASSETS

377,504

378,198

TOTAL ASSETS LESS CURRENT
LIABILITIES

401,704

408,058

CREDITORS

Amounts falling due after more than one
year

8

(4,409

)

(14,667

)

PROVISIONS FOR LIABILITIES

(5,672

)

(7,090

)

NET ASSETS

391,623

386,301

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

391,523

386,201

SHAREHOLDERS' FUNDS

391,623

386,301

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr I Jowett - Director

Mr W A O'Donnell - Director

1.	STATUTORY INFORMATION

Junction 25 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 represents net invoiced sales of constructed properties and building services, excluding value added tax.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value and represents the cost of land and building development costs.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

and 31 December 2024

48,900

27,995

76,895

DEPRECIATION

At 1 January 2024

32,008

16,528

48,536

Charge for year

3,379

2,293

5,672

At 31 December 2024

35,387

18,821

54,208

NET BOOK VALUE

At 31 December 2024

13,513

9,174

22,687

At 31 December 2023

16,892

11,467

28,359

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

Investments

1,513

1,501

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

583,690

166,364

VAT

70

5,946

Prepayments

24,273

9,790

608,033

182,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

9,758

9,501

Trade creditors

132

8,684

Tax

2,246

8,332

Social security and other taxes

-

3,264

Other creditors

29,587

27,635

Directors' current accounts

142,503

Accruals and deferred income

53,940

2,750

238,166

202,669

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

4,409

9,745

Bank loans - 2-5 years

-

4,922

4,409

14,667

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Mr W A O'Donnell

Balance outstanding at start of year

-

373,705

Amounts advanced

-

2,792

Amounts repaid

-

(376,497

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £12,389 (2023: £36,564)

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £29,587 (2023: £27,135).