REGISTERED NUMBER: 04384339 (England and Wales)

JT Specialist Projects Ltd

Unaudited Financial Statements

for the Year Ended 28th February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Thorne

J A Thorne

REGISTERED OFFICE:

51 Bracadale Road

Rise Park

Notts

NG5 5ED

REGISTERED NUMBER:

04384339 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

16,404

25,611

CURRENT ASSETS

Stocks

1,200

1,200

Debtors

6

13,456

22,897

Cash at bank

13

6,971

14,669

31,068

CREDITORS

Amounts falling due within one year

7

(17,851

)

(12,833

)

NET CURRENT (LIABILITIES)/ASSETS

(3,182

)

18,235

TOTAL ASSETS LESS CURRENT LIABILITIES

13,222

43,846

CREDITORS

Amounts falling due after more than one year

8

(9,708

)

(15,916

)

PROVISIONS FOR LIABILITIES

(3,117

)

(4,939

)

NET ASSETS

397

22,991

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

396

22,990

SHAREHOLDERS' FUNDS

397

22,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2025 and were signed on its behalf by:

J Thorne - Director

1.	STATUTORY INFORMATION

JT Specialist Projects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 29th February 2024

17,606

34,391

51,997

Additions

669

-

669

At 28th February 2025

18,275

34,391

52,666

DEPRECIATION

At 29th February 2024

11,788

14,598

26,386

Charge for year

3,278

6,598

9,876

At 28th February 2025

15,066

21,196

36,262

NET BOOK VALUE

At 28th February 2025

3,209

13,195

16,404

At 28th February 2024

5,818

19,793

25,611

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,456

22,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,340

6,340

Taxation and social security

11,502

5,248

Other creditors

9

1,245

17,851

12,833

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,708

15,916

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2025 and 28th February 2024:

2025

2024

£

£

J Thorne and J A Thorne

Balance outstanding at start of year

22,896

37,222

Amounts advanced

79,237

74,105

Amounts repaid

(92,199

)

(88,431

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,934

22,896