Accounts filed on 31-03-2018

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			Company registration number:			04273064
JD (UK) LIMITED
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2018

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JD (UK) LIMITED
BALANCE SHEET
AS AT 31 March 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			181,296				128,056
							181,296				128,056
CURRENT ASSETS
Stocks					470,185				497,521
Debtors					1,374,893				1,143,598
Cash at bank and in hand					30,480				59,269
					1,875,558				1,700,388
CREDITORS
Amounts falling due within one year					(1,129,729)				(1,052,881)
NET CURRENT ASSETS							745,829				647,507
TOTAL ASSETS LESS
CURRENT LIABILITIES							927,125				775,563
Creditors falling due after one year							(93,547)				(85,691)
PROVISIONS FOR LIABILITIES							(34,157)				(15,600)
NET ASSETS							799,421				674,272
CAPITAL AND RESERVES
Called-up equity share capital							100				100
Profit and loss account							799,321				674,172
SHAREHOLDERS FUNDS							799,421				674,272
For the year ending 31 March 2018 the company was entitled to exemption 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 22 October 2018 and signed on its behalf.
All members have consented to the preparation of these abridged financial statements.
..........................................................................
S Hudson
22 October 2018
The annexed notes form part of these financial statements.

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JD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign Currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 15% per annum reducing balance

Fixtures and Fittings - 15 - 25% per annum reducing balance

Motor Vehicles - 25% per annum reducing balance

Leasehold properties - Straight line over the life of the lease

Stocks and Work In Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Pension Scheme

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.

Employees

The average number of persons employed by the company (including directors during the year was 25 (2017 : 22).

3.	Tangible fixed assets
				Total
	Cost
	At start of period			264,394
	Additions			111,168
	At end of period			375,562
	Depreciation
	At start of period			136,337
	Provided during the period			57,929
	At end of period			194,266
	Net Book Value
	At start of period			128,056
	At end of period			181,296

4.

Creditors due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £143,885 (2017 £36,185). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

5.

Creditors due after more than one year

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £93,547 (2017 £85,691). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

6.

Related Party Transactions

At 31st March 2018 the company is owed £207,500 by JDUK Investments Ltd, a company controlled by Mr S Hudson and Mr A Nurse, directors of JD(UK) Ltd. This was an interest free loan repayable on demand. During this year JD (UK) Ltd sold £30,835 of goods to Southern Grille & Gate Limited during the year and at the year end was owed £4,687. This is included in Trade Debtors. This is a company controlled by Mr Hudson and Mr Nurse. The company also purchased £4,310 of goods from Southern Grille & Gate Limited in 2018 and owes £1,882 at the year end. This is included in Trade Creditors. During the year the company lent Alutech Systems Limited £134,133 (2017 - £13,775). This is a company controlled by Mr Hudson and Mr Nurse. This was an interest free loan.