JDR Products Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01481617 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

JDR Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

D J Liddicott

D K Wharrad

REGISTERED OFFICE:

Moreton House

Whiteacre Road

Nuneaton

Warwickshire

CV11 6BW

REGISTERED NUMBER:

01481617 (England and Wales)

ACCOUNTANTS:

Fletchers Chartered Accountants

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,537,501

1,579,922

1,537,501

1,579,922

CURRENT ASSETS

Stocks

365,390

348,600

Debtors

6

1,263,522

997,927

Investments

7

40,000

-

Cash at bank and in hand

765,034

574,943

2,433,946

1,921,470

CREDITORS

Amounts falling due within one year

8

495,601

340,344

NET CURRENT ASSETS

1,938,345

1,581,126

TOTAL ASSETS LESS CURRENT LIABILITIES

3,475,846

3,161,048

CREDITORS

Amounts falling due after more than one year

9

(430,555

)

(467,504

)

PROVISIONS FOR LIABILITIES

(44,726

)

(44,726

)

NET ASSETS

3,000,565

2,648,818

CAPITAL AND RESERVES

Called up share capital

17,700

17,700

Revaluation reserve

10

271,421

271,421

Retained earnings

2,711,444

2,359,697

3,000,565

2,648,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf by:

D J Liddicott - Director

D K Wharrad - Director

1.	STATUTORY INFORMATION

JDR Products Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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 Income

Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2018 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

25,000

AMORTISATION

At 1 April 2018

and 31 March 2019

25,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

1,469,896

452,942

1,922,838

Additions

-

26,483

26,483

At 31 March 2019

1,469,896

479,425

1,949,321

DEPRECIATION

At 1 April 2018

102,684

240,232

342,916

Charge for year

21,672

47,232

68,904

At 31 March 2019

124,356

287,464

411,820

NET BOOK VALUE

At 31 March 2019

1,345,540

191,961

1,537,501

At 31 March 2018

1,367,212

212,710

1,579,922

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

631,611

457,880

Amounts owed by group undertakings

11,310

11,310

Amounts owed by participating interests

605,921

517,514

Other debtors

14,680

11,223

1,263,522

997,927

7.	CURRENT ASSET INVESTMENTS

31.3.19

31.3.18

£

£

Other

40,000

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

44,520

44,520

Trade creditors

237,273

129,919

Taxation and social security

167,843

150,048

Other creditors

45,965

15,857

495,601

340,344

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

430,555

467,504

10.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

271,421

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of JDR Products Limited for the year ended 31 March 2019 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of JDR Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JDR Products Limited and state those matters that we have agreed to state to the Board of Directors of JDR Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JDR Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JDR Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JDR Products Limited. You consider that JDR Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JDR Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Fletchers Chartered Accountants

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

19 November 2019