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REGISTERED NUMBER: 00830134 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th April 2023

for

J. & E. Medcalf Limited

J. & E. Medcalf Limited (Registered number: 00830134)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. & E. Medcalf Limited

Company Information
for the Year Ended 30th April 2023







DIRECTORS: Gerald Ernest Medcalf
Ms Claire Medcalf
Mrs Rachael Louise Robinson
Miss Elizabeth Anne Medcalf
Jonathan Edward Medcalf
Robert James Medcalf





SECRETARY: Ms Claire Medcalf





REGISTERED OFFICE: Bowrake Farm
Addlethorpe Lane
Sicklinghall
Wetherby
West Yorkshire
LS22 4DD





REGISTERED NUMBER: 00830134 (England and Wales)

J. & E. Medcalf Limited (Registered number: 00830134)

Balance Sheet
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,498,104 2,512,047
Investments 5 24,314 24,314
2,522,418 2,536,361

CURRENT ASSETS
Stocks 258,221 244,824
Debtors 6 817,990 783,678
Cash at bank 5,839 41,991
1,082,050 1,070,493
CREDITORS
Amounts falling due within one year 7 1,289,956 1,173,241
NET CURRENT LIABILITIES (207,906 ) (102,748 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,314,512

2,433,613

CREDITORS
Amounts falling due after more than one
year

8

(1,213,036

)

(1,283,770

)

PROVISIONS FOR LIABILITIES - (9,411 )
NET ASSETS 1,101,476 1,140,432

J. & E. Medcalf Limited (Registered number: 00830134)

Balance Sheet - continued
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Retained earnings 1,099,476 1,138,432
SHAREHOLDERS' FUNDS 1,101,476 1,140,432

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 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.

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 24th November 2023 and were signed on its behalf by:




Ms Claire Medcalf - Director



Robert James Medcalf - Director


J. & E. Medcalf Limited (Registered number: 00830134)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

J. & E. Medcalf 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land and buildings - 2% Straight Line Basis and Not Depreciated
Tenants' improvements to short leasehold
property

-

5% Straight Line Basis
Plant and machinery - 15% on Reducing Balance
Fixtures and fittings - 15% on Reducing Balance and 5% on Reducing Balance
Motor vehicles - 25% on Reducing Balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.


J. & E. Medcalf Limited (Registered number: 00830134)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are measured at fair value through the profit and loss account. Equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably are recognised at cost less any impairment until a reliable measure of fair value becomes available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 27 ) .

J. & E. Medcalf Limited (Registered number: 00830134)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 1,764,531 2,354,931 4,119,462
Additions - 213,744 213,744
Disposals - (92,043 ) (92,043 )
At 30th April 2023 1,764,531 2,476,632 4,241,163
DEPRECIATION
At 1st May 2022 135,972 1,471,443 1,607,415
Charge for year 24,707 157,033 181,740
Eliminated on disposal - (46,096 ) (46,096 )
At 30th April 2023 160,679 1,582,380 1,743,059
NET BOOK VALUE
At 30th April 2023 1,603,852 894,252 2,498,104
At 30th April 2022 1,628,559 883,488 2,512,047

Included in cost of land and buildings is freehold land of £ 835,525 (2022 - £ 835,525 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2022 122,032
Additions 85,530
Transfer to ownership (82,037 )
At 30th April 2023 125,525
DEPRECIATION
At 1st May 2022 57,427
Charge for year 26,331
Transfer to ownership (47,428 )
At 30th April 2023 36,330
NET BOOK VALUE
At 30th April 2023 89,195
At 30th April 2022 64,605

J. & E. Medcalf Limited (Registered number: 00830134)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.4.23 30.4.22
£    £   
Craven Cattle Marts Limited 20,000 20,000
Clitheroe Auction Mart Limited 3,379 3,379
WCF Limited 935 935
24,314 24,314

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 747,238 666,443
Other debtors 70,752 117,235
817,990 783,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 620,608 681,075
Hire purchase contracts (see note 9) 41,874 15,861
Trade creditors 528,677 377,018
Taxation and social security 7,523 6,495
Other creditors 91,274 92,792
1,289,956 1,173,241

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 1,157,193 1,241,952
Hire purchase contracts (see note 9) 46,510 24,485
Other creditors 9,333 17,333
1,213,036 1,283,770

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years by instalments 799,282 887,481

J. & E. Medcalf Limited (Registered number: 00830134)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.23 30.4.22
£    £   
Net obligations repayable:
Within one year 41,874 15,861
Between one and five years 46,510 24,485
88,384 40,346

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 13,122 11,861
Between one and five years 23,075 18,625
36,197 30,486

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank overdrafts 535,849 598,902
Bank loans 1,241,952 1,324,125
Hire purchase contracts 88,384 40,346
1,866,185 1,963,373

The bank borrowings are secured by way of a fixed and floating charge over the assets of the Company.

The hire purchase liability is secured against certain of the Company's motor vehicles.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2,000 Ordinary 'A', 'B', 'C', 'D',
'E' and 'F' £1 2,000 2,000