Registered number
06731972
J E Pill & Sons Ltd
Filleted Accounts
31 January 2023
J E Pill & Sons Ltd
Registered number: 06731972
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 13,880 18,508
Current assets
Stocks 10,596 9,933
Debtors 5 1,496 7,148
Cash at bank and in hand 92,916 80,969
105,008 98,050
Creditors: amounts falling due within one year 6 (25,182) (41,585)
Net current assets 79,826 56,465
Total assets less current liabilities 93,706 74,973
Creditors: amounts falling due after more than one year 7 - (381)
Net assets 93,706 74,592
Capital and reserves
Called up share capital 100 100
Profit and loss account 93,606 74,492
Shareholder's funds 93,706 74,592
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
B Singleton
Director
Approved by the board on 28 September 2023
J E Pill & Sons Ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 8,000
At 31 January 2023 8,000
Amortisation
At 1 February 2022 8,000
At 31 January 2023 8,000
Net book value
At 31 January 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 4,681 33,694 38,375
At 31 January 2023 4,681 33,694 38,375
Depreciation
At 1 February 2022 4,015 15,852 19,867
Charge for the year 167 4,461 4,628
At 31 January 2023 4,182 20,313 24,495
Net book value
At 31 January 2023 499 13,381 13,880
At 31 January 2022 666 17,842 18,508
5 Debtors 2023 2022
£ £
Trade debtors 8,001 6,462
Other debtors (6,505) 686
1,496 7,148
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 4,571
Trade creditors 17,120 21,641
Taxation and social security costs 5,068 12,898
Other creditors 2,994 2,475
25,182 41,585
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 381
8 Other information
J E Pill & Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is:
73 Balfour Road
Blackbird Leys
Oxford
Oxfordshire
OX4 6AG
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