Registration number: 11573052

JRC Product Development Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

JRC Product Development Limited

Company Information

Director

Mr J R Coop

Registered office

The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

JRC Product Development Limited

(Registration number: 11573052)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	12,449	15,181
Current assets
Debtors	5	331,445	343,948
Cash at bank and in hand		146,766	127,680
		478,211	471,628
Creditors: Amounts falling due within one year	6	(17,446)	(38,093)
Net current assets		460,765	433,535
Total assets less current liabilities		473,214	448,716
Provisions for liabilities		(2,366)	(2,885)
Net assets		470,848	445,831
Capital and reserves
Called up share capital	7	1	1
Retained earnings		470,847	445,830
Shareholders' funds		470,848	445,831

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 November 2025
 

......................................... Mr J R Coop Director

JRC Product Development Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The New Barn Mill Lane
Eastry
Sandwich
Kent
CT13 0JW
England

These financial statements were authorised for issue by the director on 3 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

JRC Product Development Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on written down value
Fixtures and fittings	15% on written down value
Office Equipment	15% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

JRC Product Development Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 1).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 October 2024	2,982	6,779	13,820	23,581
Additions	86	-	386	472
Disposals	(546)	-	(1,273)	(1,819)
At 30 September 2025	2,522	6,779	12,933	22,234
Depreciation
At 1 October 2024	1,182	1,741	5,477	8,400
Charge for the year	245	158	1,794	2,197
Eliminated on disposal	(293)	-	(519)	(812)
At 30 September 2025	1,134	1,899	6,752	9,785
Carrying amount
At 30 September 2025	1,388	4,880	6,181	12,449
At 30 September 2024	1,800	5,038	8,343	15,181

JRC Product Development Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		13,099	9,684
Amounts owed by related parties	8	277,570	291,734
Prepayments		276	2,030
Other debtors		40,500	40,500
		331,445	343,948

6

Creditors

	Note	2025 £	2024 £
Due within one year
Taxation and social security		6,692	4,694
Other creditors		10,754	33,399
		17,446	38,093

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

JRC Product Development Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

8	Related party transactions

Transactions with the director

2025	At 1 October 2024 £	Advances to director £	Repayments by director £	At 30 September 2025 £
Mr J R Coop
Transactions with Director	117,825	4,119	(13,173)	108,771

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	At 30 September 2024 £
Mr J R Coop
Transactions with Director	121,642	2,738	(6,554)	117,825