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Company Registration No. 13375136 (England and Wales)
JP & LE RENTALS LTD Unaudited accounts for the year ended 31 May 2025
JP & LE RENTALS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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JP & LE RENTALS LTD Company Information for the year ended 31 May 2025
Directors
Miss L E Hall Mr J P Walker
Company Number
13375136 (England and Wales)
Registered Office
4 Coppy Road Addingham Ilkley West Yorkshire LS29 0TA England
Accountants
Lucy Hartley Accountancy 28 Bark Lane Addingham West Yorkshire LS29 0RB
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JP & LE RENTALS LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
155,905
155,905
Current assets
Debtors
5
698
426
Cash at bank and in hand
12,950
11,856
13,648
12,282
Creditors: amounts falling due within one year
6
(51,692)
(52,061)
Net current liabilities
(38,044)
(39,779)
Total assets less current liabilities
117,861
116,126
Creditors: amounts falling due after more than one year
7
(110,881)
(110,900)
Net assets
6,980
5,226
Capital and reserves
Called up share capital
2
2
Profit and loss account
6,978
5,224
Shareholders' funds
6,980
5,226
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by
Miss L E Hall Director Company Registration No. 13375136
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JP & LE RENTALS LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
JP & LE RENTALS LTD is a private company, limited by shares, registered in England and Wales, registration number 13375136. The registered office is 4 Coppy Road, Addingham, Ilkley, West Yorkshire, LS29 0TA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Accounting convention
The financial statements have been prepared in accordance with FRS 102 Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the requirements of the Companies Act 2006. In the previous financial year, the company prepared its financial statements in accordance with FRS 105 – The Financial Reporting Standard applicable to the Micro-entities Regime. In the current financial year, the company has prepared its financial statements in accordance with FRS 102 Section 1A, which the company has applied in earlier periods. Although the company qualifies as a micro-entity for the year ended 31 May 2025, it has chosen not to apply FRS 105 and has instead prepared its financial statements in accordance with FRS 102 Section 1A in order to apply the accounting treatment permitted for investment property measured at fair value. Comparative figures have not been restated and are presented on the same basis as previously reported.
Basis of preparation
The accounts have been prepared under the historical cost convention modified to include revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025
£
Fair value at 1 June 2024
155,905
At 31 May 2025
155,905
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JP & LE RENTALS LTD Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
426
Other debtors
698
-
698
426
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,300
3,301
Taxes and social security
411
306
Other creditors
-
722
Loans from directors
47,381
47,132
Accruals
600
600
51,692
52,061
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
110,881
110,900
9. Deferred tax is provided in respect of all timing differences that have originated but not reversed at the balance sheet date, using the tax rates and laws that have been enacted or substantively enacted by the reporting date. In the current year, no deferred tax arises as there are no differences between the carrying amounts of the company’s assets and liabilities in the financial statements and their corresponding tax bases.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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