Jps Platforms Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Jps Platforms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08845994 . The registered office is Jps Workshop And Yard Cecil House, Foster Street, Harlow, Essex, CM17 9HY.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from hire of machinery is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually on dispatch of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their

useful lives on the following bases:

Software 33% Reducing balance

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Leasehold	15 years straight line
Plant & Machinery	5-10 years straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Jps Platforms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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.

2.7. Employee Benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

2.8. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 31)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	15,550

As at 31 March 2025	15,550

Amortisation
As at 1 April 2024	1,944
Provided during the period	4,630

As at 31 March 2025	6,574

Net Book Value
As at 31 March 2025	8,976

As at 1 April 2024	13,606

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Jps Platforms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	20,665	11,091,011	1,726,831	27,904
Additions	-	1,724,470	59,332	660
Disposals	-	(179,910 )	(15,356 )	-

As at 31 March 2025	20,665	12,635,571	1,770,807	28,564

Depreciation
As at 1 April 2024	5,626	5,286,954	625,527	14,325
Provided during the period	1,493	769,629	292,136	4,962
Disposals	-	(2,890 )	(8,878 )	-

As at 31 March 2025	7,119	6,053,693	908,785	19,287

Net Book Value
As at 31 March 2025	13,546	6,581,878	862,022	9,277

As at 1 April 2024	15,039	5,804,057	1,101,304	13,579


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	17,322	12,883,733
Additions	-	1,784,462
Disposals	-	(195,266 )

As at 31 March 2025	17,322	14,472,929

Depreciation
As at 1 April 2024	5,111	5,937,543
Provided during the period	2,233	1,070,453
Disposals	-	(11,768 )

As at 31 March 2025	7,344	6,996,228

Net Book Value
As at 31 March 2025	9,978	7,476,701

As at 1 April 2024	12,211	6,946,190

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024 as restated
	£	£
Plant & Machinery	2,364,621	2,938,934
Motor Vehicles	824,811	1,040,417

	3,189,432	3,979,351

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Jps Platforms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	1,247,620	1,089,762
Prepayments and accrued income	39,248	43,671
Other debtors	14,600	14,600
VAT	37,093	-

	1,338,561	1,148,033
Due after more than one year
Amounts owed by group undertakings	3,020,454	2,658,136

	4,359,015	3,806,169

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	1,662,676	1,990,039
Trade creditors	2,176,473	608,002
Bank loans and overdrafts	65,493	79,600
Other loans	1,079,649	955,372
Other taxes and social security	33,890	40,137
VAT	-	103,126
Other creditors	63,335	41,524
Accruals and deferred income	50,532	67,022

	5,132,048	3,884,822

During the year, various Hire Purchase creditors were refinanced resulting in an increase to the interest payable on such Hire Purchase agreements.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	4,090,511	4,500,514
Bank loans	78,066	123,096
Other loans	660,000	660,000

	4,828,577	5,283,610

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Jps Platforms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Loans

An analysis of the maturity of loans is given below:

	2025	2024 as restated
	£	£
Amounts falling due within one year or on demand:
Bank loans	65,493	79,600
Other loans	1,079,649	955,372

	1,145,142	1,034,972

	2025	2024 as restated
	£	£
Amounts falling due between one and five years:
Bank loans	78,066	123,096
Other loans	660,000	660,000

	738,066	783,096

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,662,676	1,990,039
Later than one year and not later than five years	3,061,956	4,500,514
Later than five years	1,028,555	-

	5,753,187	6,490,553

	5,753,187	6,490,553

11. Share Capital

	2025	2024 as restated
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are £785,417 (2024: £947,917).

13. Restatement of comparatives

The profit/(loss) on disposal of fixed assets is now presented after the operating profit/(loss) total.

The Amounts owed by group undertakings has been changed to show as due in more than 1 year.

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,976		13,606
Tangible Assets	5		7,476,701		6,946,190

			7,485,677		6,959,796
CURRENT ASSETS
Debtors	6	4,359,015		3,806,169
Cash at bank and in hand		172,676		168,055

		4,531,691		3,974,224
Creditors: Amounts Falling Due Within One Year	7	(5,132,048 )		(3,884,822 )

NET CURRENT ASSETS (LIABILITIES)			(600,357 )		89,402

TOTAL ASSETS LESS CURRENT LIABILITIES			6,885,320		7,049,198

Creditors: Amounts Falling Due After More Than One Year	8		(4,828,577 )		(5,283,610 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(221,315 )		(160,151 )

NET ASSETS			1,835,428		1,605,437

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			1,835,328		1,605,337

SHAREHOLDERS' FUNDS			1,835,428		1,605,437