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Company Registration No. 03287014 (England and Wales)
Jennings Sound & Vision Ltd. Unaudited accounts for the year ended 31 May 2025
Jennings Sound & Vision Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Jennings Sound & Vision Ltd. Company Information for the year ended 31 May 2025
Directors
Nicholas Charles James Robert Charles James
Company Number
03287014 (England and Wales)
Registered Office
185 Fleet Road Fleet GU51 3BL
Accountants
Janes Accounting Services Limited
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Jennings Sound & Vision Ltd. Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,836
2,448
Current assets
Inventories
58,406
58,670
Debtors
28,736
16,689
Cash at bank and in hand
95,905
96,215
183,047
171,574
Creditors: amounts falling due within one year
(55,574)
(33,125)
Net current assets
127,473
138,449
Total assets less current liabilities
129,309
140,897
Provisions for liabilities
Deferred tax
(350)
(464)
Net assets
128,959
140,433
Capital and reserves
Called up share capital
100
100
Profit and loss account
128,859
140,333
Shareholders' funds
128,959
140,433
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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
Robert Charles James Director Company Registration No. 03287014
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Jennings Sound & Vision Ltd. Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Jennings Sound & Vision Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03287014. The registered office is 185 Fleet Road, Fleet, GU51 3BL.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing value
Motor vehicles
25% on reducing value
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Jennings Sound & Vision Ltd. Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
14,803
At 31 May 2025
14,803
Depreciation
At 1 June 2024
12,355
Charge for the year
612
At 31 May 2025
12,967
Net book value
At 31 May 2025
1,836
At 31 May 2024
2,448
5
Operating lease commitments
2025
2024
£
£
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
22,000
22,000
Later than one year and not later than five years
29,333
-
51,333
22,000
6
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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