Jaggard Projects Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05317372

Jaggard Projects Limited

Unaudited financial statements

31 December 2025

Jaggard Projects Limited

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		41,563		43,673

Current assets

Stocks		1,000	1,000
Debtors	6	651,923	147,634
Cash at bank and in hand		68,301	36,503
		---------	---------
		721,224	185,137

Creditors: Amounts falling due within one year	7	( 697,740)		( 163,882)
		---------		---------
Net current assets			23,484		21,255
			-------		-------
Total assets less current liabilities			65,047		64,928

Creditors: Amounts falling due after more than one year	8		–		( 4,387)

Provisions

Taxation including deferred tax	( 10,391)	( 10,918)
	-------	-------
Net assets	54,656	49,623
	-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	54,556	49,523
	-------	-------
Shareholders funds	54,656	49,623
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jaggard Projects Limited

Statement of financial position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

M Jaggard

Director

Company registration number: 05317372

Jaggard Projects Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, IP32 7EA. The trading address of the company is 48 Toyse Lane, Burwell, Cambridgeshire, CB25 0DF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and is rounded to the nearest £.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Tools and equipment	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stock and work in progress

Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock and work in progress to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Tangible assets

	Tools and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 January 2025	38,139	23,600	1,050	62,789
Additions	16,500	–	–	16,500
Disposals	( 16,153)	–	–	( 16,153)
	-------	-------	------	-------
At 31 December 2025	38,486	23,600	1,050	63,136
	-------	-------	------	-------
Depreciation
At 1 January 2025	11,405	7,006	705	19,116
Charge for the year	4,852	4,149	87	9,088
Disposals	( 6,631)	–	–	( 6,631)
	-------	-------	------	-------
At 31 December 2025	9,626	11,155	792	21,573
	-------	-------	------	-------
Carrying amount
At 31 December 2025	28,860	12,445	258	41,563
	-------	-------	------	-------
At 31 December 2024	26,734	16,594	345	43,673
	-------	-------	------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	649,287	122,676
Other debtors	2,636	24,958
	---------	---------
	651,923	147,634
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,397	10,397
Trade creditors	12,724	48,291
Amounts owed to group undertakings	615,343	50,000
Social security and other taxes	62,176	52,254
Other creditors	3,100	2,940
	---------	---------
	697,740	163,882
	---------	---------

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	4,387
	----	------

9. Related party transactions

At the reporting date, the Company had an outstanding balance of £615,343 (2025: £50,000) due from a group company. The balance is interest-free, unsecured, and repayable on demand.