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Registered number: 06894187
JPS INSTALLS LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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JPS INSTALLS LIMITED
REGISTERED NUMBER: 06894187
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES BEING NET ASSETS
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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 profit and loss account 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 of Directors and were signed on its behalf by:
The notes on pages 2 to 7 form part of these financial statements.
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JPS INSTALLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
JPS Installs Limited (the "Company") is a private company limited by shares and incorporated in England & Wales. Its registered office is Moorfield Road, Duxford, Cambridge CB22 4PS.
The parent undertaking of the smallest and largest group to consolidate the results of the Company is Welch's Group Holdings Limited, a private company limited by shares and incorporated in England & Wales. The registered office of Welch's Group Holdings Limited is Moorfield Road, Duxford, Cambridge CB22 4PS.
The Company's functional and presentational currency is Sterling.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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.
The following principal accounting policies have been applied:
In January 2026, following a review of the Company’s financial position and future prospects, the Directors made the decision to cease trading and there are no plans to re-commence trade or activity in the Company in the foreseeable future. All operational activities ceased after the year end, and the Company is in the process of settling its outstanding liabilities and realising any remaining assets. As a result, these financial statements are being prepared on a basis other than a going concern, however no adjustments have been made to the amounts recognised in these financial statements as a result of this as all assets have been written down to their recoverable amounts and there are not additional liabilities for onerous obligations.
Turnover comprises revenue recognised by the Company in respect of the distribution and installation of office furniture during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised as the fair value of the consideration received or receivable and is recognised once the goods or services have been supplied.
Interest income is recognised in profit or loss using the effective interest method.
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JPS INSTALLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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DEFINED CONTRIBUTION PENSION SCHEME
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The Company operates a defined contribution pension scheme for its employees. A defined contribution pension scheme is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in Other Creditors as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as Other Comprehensive Income or to an item recognised directly in equity is also recognised in Other Comprehensive Income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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JPS INSTALLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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TANGIBLE FIXED ASSETS (CONTINUED)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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CASH AND CASH EQUIVALENTS
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, 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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The average monthly number of employees, including the Directors, during the year was 8 (2024 - 9).
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JPS INSTALLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the year on owned assets
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Prepayments and accrued income
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JPS INSTALLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Amounts owed to fellow group undertaking
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Other taxation and social security
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Accruals and deferred income
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Included within other creditors are amounts due to the defined contribution pension scheme amounting to £1,200 (2024 - £1,321).
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ALLOTTED, CALLED UP AND FULLY PAID
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10,000 (2024 - 10,000) Ordinary shares of £1 each
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Profit and Loss Account
The Profit and Loss Account reserve represents the accumulated profits and losses, less dividends paid.
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POST BALANCE SHEET EVENTS
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In January 2026, following a review of the Company’s financial position and future prospects, the Directors made the decision to cease trading. All operational activities ceased after the year end, and the Company is in the process of settling its outstanding liabilities and realising any remaining assets. As a result, these financial statements are being prepared on a basis other than a going concern, however no adjustments have been made to the amounts recognised in these financial statements as a result of this.
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JPS INSTALLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Auditor's Report on the financial statements for the year ended 31 December 2025 was unqualified.
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In their report, the auditor emphasised the following matter without qualifying their report:
"We draw attention to note 2.2 in the financial statements, which explains that the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing these financial statements.
As described in note 2.2, a decision has been made to cease trading activities. Accordingly, the financial statements have been prepared on a basis other than that of a going concern. Our opinion is not modified in respect of this matter."
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The audit report was signed on 21 July 2026 by Adam Smith (Senior Statutory Auditor) on behalf of PEM Audit Limited.
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