Company Registration No. 03956494 (England and Wales)
JEP INDUSTRIAL LIMITED
Unaudited accounts
for the year ended 28 February 2021
JEP INDUSTRIAL LIMITED
Unaudited accounts
Contents
JEP INDUSTRIAL LIMITED
Company Information
for the year ended 28 February 2021
Directors
William Glen Price
Steven William Price
Company Number
03956494 (England and Wales)
Registered Office
1 ORIENTAL ROAD
SILVERTOWN
LONDON
E16 2BZ
Accountants
ZIK Accountancy Services (London) Limited
85 Station Road
North Harrow
Harrow
HA2 7SW
JEP INDUSTRIAL LIMITED
Statement of financial position
as at 28 February 2021
Tangible assets
56,796
19,414
Cash at bank and in hand
221,669
21,416
Creditors: amounts falling due within one year
(180,111)
(111,928)
Net current assets
216,348
98,165
Total assets less current liabilities
273,144
117,579
Creditors: amounts falling due after more than one year
(65,417)
(1,561)
Net assets
207,727
116,018
Called up share capital
100
100
Profit and loss account
207,627
115,918
Shareholders' funds
207,727
116,018
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2022 and were signed on its behalf by
Steven William Price
Director
Company Registration No. 03956494
JEP INDUSTRIAL LIMITED
Notes to the Accounts
for the year ended 28 February 2021
JEP INDUSTRIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03956494. The registered office is 1 ORIENTAL ROAD, SILVERTOWN, LONDON, E16 2BZ.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2020
187,148
84,524
7,302
22,943
301,917
Additions
19,681
26,000
-
999
46,680
At 28 February 2021
206,829
110,524
7,302
23,942
348,597
At 1 March 2020
178,351
76,906
7,142
20,104
282,503
Charge for the year
4,175
3,810
64
1,249
9,298
At 28 February 2021
182,526
80,716
7,206
21,353
291,801
At 28 February 2021
24,303
29,808
96
2,589
56,796
At 29 February 2020
8,797
7,618
160
2,839
19,414
JEP INDUSTRIAL LIMITED
Notes to the Accounts
for the year ended 28 February 2021
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
29,808
7,618
4
Debtors: amounts falling due within one year
2021
2020
Trade debtors
162,290
173,931
Accrued income and prepayments
-
2,246
Other debtors
12,500
12,500
5
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
6,349
4,341
Trade creditors
54,262
31,842
Taxes and social security
36,020
37,873
Other creditors
4,092
3,173
6
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
15,417
1,561
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 14 (2020: 16).
