J P Traders Ltd - Filleted accounts

Registered number

08378015

J P Traders Ltd

Filleted Accounts

31 March 2026

J P Traders Ltd
Registered number:		08378015
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		142,478			156,298
Tangible assets	4		27,649			32,023
			170,127			188,321

Current assets
Stocks		220,152			245,255
Debtors	5	257,532			246,543
Cash at bank and in hand		93,723			104,146
		571,407			595,944

Creditors: amounts falling due within one year	6	(191,244)			(203,199)

Net current assets			380,163			392,745

Total assets less current liabilities			550,290			581,066

Creditors: amounts falling due after more than one year	7		(178,462)			(246,456)



Net assets			371,828			334,610

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			370,828			333,610

Shareholders' funds			371,828			334,610

The directors are 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 directors acknowledge their 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.




T Prabaharan
Director
Approved by the board on 23 September 2026

J P Traders Ltd
Notes to the Accounts
for the year ended 31 March 2026


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:

	Leasehold land and buildings			over the lease term
	Plant and machinery			15% reducing balance
	Fixtures, fittings, tools and equipment			15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. 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					2026		2025
Number							Number

	Average number of persons employed by the company					25		30


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							345,500
	At 31 March 2026							345,500

	Amortisation
	At 1 April 2025							189,202
	Provided during the year							13,820
	At 31 March 2026							203,022

	Net book value
	At 31 March 2026							142,478
	At 31 March 2025							156,298

	Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	2,867		115,358		41,743		159,968
	At 31 March 2026	2,867		115,358		41,743		159,968

	Depreciation
	At 1 April 2025	-		104,774		23,171		127,945
	Charge for the year	-		1,588		2,786		4,374
	At 31 March 2026	-		106,362		25,957		132,319

	Net book value
	At 31 March 2026	2,867		8,996		15,786		27,649
	At 31 March 2025	2,867		10,584		18,572		32,023


5	Debtors					2026		2025
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					232,000		220,000
	Other debtors					25,532		26,543
						257,532		246,543


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					94,562		98,921
	Trade creditors					51,395		50,402
	Taxation and social security costs					41,847		34,783
	Other creditors					3,440		19,093
						191,244		203,199


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					49,086		50,320
	Other creditors					129,376		196,136
						178,462		246,456


8	Other information

	J P Traders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	1 Northwood Road
	Harefield
	Uxbridge
	Middlesex
	UB9 6PL