Registered number
04158340
JPSP Limited
Unaudited Filleted Accounts
31 May 2025

JPSP Limited
Registered number: | 04158340
Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 3,172 |  |  | 3,238
Current assets
Debtors | 4 |  | 198,677 |  |  | 114,737
Cash at bank and in hand |  |  | 90,020 |  |  | 151,253
|  |  | 288,697 |  |  | 265,990
Creditors: amounts falling due within one year | 5 |  | (179,809) |  |  | (150,881)
Net current assets |  |  |  | 108,888 |  |  | 115,109
Net assets |  |  |  | 112,060 |  |  | 118,347
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 111,960 |  |  | 118,247
Shareholders' funds |  |  |  | 112,060 |  |  | 118,347
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
JP Pearson
Director
Approved by the board on 16 February 2026

JPSP Limited
Notes to the Accounts
for the year ended 31 May 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Computer & office equipment | 25% on written down value
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Computer & office equipment
£
| Cost
| At 1 June 2024 | 15,007
| Additions | 991
| At 31 May 2025 | 15,998
| Depreciation
| At 1 June 2024 | 11,769
| Charge for the year | 1,057
| At 31 May 2025 | 12,826
| Net book value
| At 31 May 2025 | 3,172
| At 31 May 2024 | 3,238
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 122,025 |  | 24,423
| Director's loan account |  | 58,320 |  | 58,393
| Other debtors | 18,332 |  | 31,921
|  |  |  |  |  | 198,677 |  | 114,737
| Amounts due after more than one year included above | 58,320 |  | 58,393
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 51,594 |  | 667
| Taxation and social security costs | 36,746 |  | 51,024
| Other creditors | 91,469 |  | 99,190
|  |  |  |  |  | 179,809 |  | 150,881
6 | Controlling party
| JP Pearson by virtue of his ownership of 100% of the issued share capital.
7 | Other information
| JPSP Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 6 Thwaites Avenue
| Ilkley
| West Yorkshire
| LS29 8EH

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