J.G. Price And Sons Limited |
Registered Number:03865900 |
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
J.G. Price And Sons Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
92,835
62,631
2
92,835
62,631
148,864
257,381
3
Trade and other receivables |
363,260
83,072
4
17,349
Cash and cash equivalents |
96,225
436,678
529,473
Trade and other payables: amounts falling due within one |
year |
(299,095)
(275,233)
5
230,378
161,445
Net current assets
Total assets less current liabilities |
254,280
293,009
Trade and other payables: amounts falling due after more |
than one year |
(32,500)
(28,875)
6
(17,639)
(11,900)
Provisions for liabilities |
207,766
Net assets
248,609
100
100
207,666
248,509
207,766
248,609
Shareholders' funds
For the year ended 30 April 2023 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 of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 April 2023
J.G. Price And Sons Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 19 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2023
J.G. Price And Sons Limited
Notes to the Financial Statements
Statutory Information
J.G. Price And Sons Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03865900. |
Appledown
Clehonger
Hereford
Herefordshire
HR2 9TG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 April 2023
J.G. Price And Sons Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
216,423
2,571
66,050
147,802
63,095
-
23,845
39,250
-
-
(14,580)
(14,580)
172,472
89,895
2,571
264,938
Provision for depreciation and impairment |
153,792
2,376
43,967
107,449
Charge for year
32,891
191
14,665
18,035
(14,580)
-
-
(14,580)
172,103
2,567
58,632
110,904
61,568
31,263
4
92,835
40,353
22,083
195
62,631
2022
2023
257,381
148,864
4. Trade and other receivables |
2022
2023
27,534
41,859
Amounts owed by group undertakings and participating interests |
5,690
300,330
49,848
21,071
363,260
83,072
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For the year ended 30 April 2023
J.G. Price And Sons Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
10,000
10,000
58,277
45,870
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
49,274
-
Taxation and social security |
37,033
29,063
120,649
214,162
275,233
299,095
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
22,500
32,500
6,375
-
28,875
32,500
7. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
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