ACCOUNTS - Final Accounts preparation

Registered number: 12918676

J&J WORLDWIDE SERVICES LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

J&J WORLDWIDE SERVICES LIMITED

REGISTERED NUMBER: 12918676

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Notes		£		£


Current assets
Debtors: amounts falling due within one year	4	-		1,778
Cash at bank and in hand	5	3,175		3,406
		3,175		5,184
Creditors: amounts falling due within one year	6	(121,462)		(87,276)
Net current liabilities			(118,287)		(82,092)
Total assets less current liabilities			(118,287)		(82,092)

Net liabilities			(118,287)		(82,092)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account	8	(118,387)	(82,192)
		(118,287)	(82,092)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Patrick Roddy

Director

Date: 9 January 2026

The notes on pages 3 to 7 form part of these financial statements.

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J&J WORLDWIDE SERVICES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	100	(57,142)	(57,042)
Comprehensive income for the year
Loss for the year	-	(25,050)	(25,050)

At 1 January 2024	100	(82,192)	(82,092)
Comprehensive income for the year
Loss for the year	-	(36,195)	(36,195)
At 31 December 2024	100	(118,387)	(118,287)

The notes on pages 3 to 7 form part of these financial statements.

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J&J WORLDWIDE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

J&J Worldwide Services Limited ("the Company") is a private limited company, registered and incorporated in England and Wales. Company registration number 12918676. The registered office is c/o Forvis Mazars Llp, The Pinnacle, 160 Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1FF.
The principal activity of the company was to carry on activities of repairs of machinery.
The functional currency of the Company is £ as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

New and revised accounting standards

On 27 March 2024, The Financial Reporting Council (FRC) has issued amendments to FRS 102 which will be effective for accounting periods beginning on or after 1 January 2026. These amendments include updates to revenue recognition and lease accounting to align more closely with IFRS 15 and IFRS 16.
The Management does not expect that these changes will have a significant impact to the Company.

2.3

Going concern

As at the balance sheet date, the Company had net liabilities £115,317 (2023 - £82,092). In the year, the company made a loss of £33,225 (2023 - £25,050). The Company is reliant on the continued support of the parent company in order to meet their liabilities as and when they fall due.

The Company was dissolved on 20 December 2022, however the Directors have taken action to have the Company reinstated and it was reinstated on 16 February 2024. The directors have received confirmation that the parent company will continue to support the company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due in the foreseeable future.
On this basis, these financial statements have been prepared on a going concern basis.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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J&J WORLDWIDE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 section 1A for small entities to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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J&J WORLDWIDE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Financial instruments (continued)

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Debtors

					2024	2023
					£	£


Other debtors and VAT recoverable	-	1,778

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J&J WORLDWIDE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	3,175	3,406

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	4,017	-
Amounts owed to group undertakings	95,020	55,552
Other taxation and social security	35	35
Accruals and deferred income	22,390	31,689
	121,462	87,276

Amounts owed to group undertakings are interest free and repayable on demand.

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

Reserves

Profit and loss account

This reserve represents cumulative profits and losses less dividends paid.

9.	Related party transactions
	The Company has taken advantage of the exemption available in accordance with FRS 102 Section 1A Appendix C34-36 'Related party disclosure' of FRS 102 not to disclose transactions entered into between two or more members of a group that are wholly owned.

10.	Post balance sheet events

After the reporting date, Mark Coats was appointed as a company director on 13 March 2025.

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J&J WORLDWIDE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	Controlling party

The Company is controlled by J&J Maintenance, Inc., a company incorporated in United States, by virtue of ownership of 100% of shares and voting rights. Their registered office address is 8350 Broad St., Suite 1100, McLean, Virginia, United States, 22102.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 09 January 2026 by Austin Sammon (Senior Statutory Auditor) on behalf of Forvis Mazars.

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