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REGISTERED NUMBER: 00360298 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

J T Tarran & Son Limited

J T Tarran & Son Limited (Registered number: 00360298)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J T Tarran & Son Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A J Tarran
J D Tarran





REGISTERED OFFICE: 15 Enterpen
Hutton Rudby
North Yorkshire
TS15 0EL





REGISTERED NUMBER: 00360298 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

J T Tarran & Son Limited (Registered number: 00360298)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,544 19,944
Investment property 5 300,000 300,000
319,544 319,944

CURRENT ASSETS
Stocks 122,373 122,373
Debtors 6 259,900 250,685
Cash at bank 5,168 1,482
387,441 374,540
CREDITORS
Amounts falling due within one year 7 8,278 5,206
NET CURRENT ASSETS 379,163 369,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,707

689,278

CREDITORS
Amounts falling due after more than one
year

8

(16,906

)

(23,834

)

PROVISIONS FOR LIABILITIES (42,242 ) (32,104 )
NET ASSETS 639,559 633,340

CAPITAL AND RESERVES
Called up share capital 10 6,000 6,000
Undistributable reserves 11 190,970 201,108
Retained earnings 442,589 426,232
SHAREHOLDERS' FUNDS 639,559 633,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

J T Tarran & Son Limited (Registered number: 00360298)

Balance Sheet - continued
31 March 2023


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 and authorised for issue on 13 November 2023 and were signed on its behalf by:





A J Tarran - Director


J T Tarran & Son Limited (Registered number: 00360298)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J T Tarran & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost

Freehold Land is not depreciated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists , the recoverable amount of the asset or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

J T Tarran & Son Limited (Registered number: 00360298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 25,544
DEPRECIATION
At 1 April 2022 5,600
Charge for year 400
At 31 March 2023 6,000
NET BOOK VALUE
At 31 March 2023 19,544
At 31 March 2022 19,944

Included in cost of land and buildings is freehold land of £ 15,543 (2022 - £ 15,543 ) which is not depreciated.

5. INVESTMENT PROPERTY

The investment property was valued at fair value by A Tarran, the director. Whilst the director is not a professionally qualified valuer, she has a longstanding involvement in the local property market. The valuation of the property is assessed using her overall knowledge of the property and its condition combined with the appropriate rental yield and by comparison with similar properties in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 259,900 250,685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,180 3,330
Taxation and social security - 113
Other creditors 2,098 1,763
8,278 5,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,906 23,834

J T Tarran & Son Limited (Registered number: 00360298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 10,514

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 23,086 27,164

The above bank loan is secured by fixed charges over certain assets held by a related company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 Ordinary shares £1 6,000 6,000

11. RESERVES
Undistributable
reserves
£   
At 1 April 2022 201,108
Revaluation transfer (10,138 )

At 31 March 2023 190,970

12. RELATED PARTY DISCLOSURES

As at 31 March 2023 a balance of £259,900 (2022: £250,685), was due from a company under common control. No interest has been charged on the loan.