IRIS Accounts Production v23.3.1.45 01205287 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012052872022-03-31012052872023-03-31012052872022-04-012023-03-31012052872021-03-31012052872021-04-012022-03-31012052872022-03-3101205287ns10:Originalns15:EnglandWales2022-04-012023-03-3101205287ns14:PoundSterlingns10:Original2022-04-012023-03-3101205287ns10:Originalns10:Director12022-04-012023-03-3101205287ns10:Original2022-04-012023-03-3101205287ns10:Original2023-03-3101205287ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3101205287ns10:Originalns10:SmallEntities2022-04-012023-03-3101205287ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3101205287ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101205287ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3101205287ns10:Originalns10:FullAccounts2022-04-012023-03-3101205287ns10:Originalns10:Director22022-04-012023-03-3101205287ns10:Originalns10:Director32022-04-012023-03-3101205287ns10:CompanySecretary1ns10:Original2022-04-012023-03-3101205287ns10:Originalns10:RegisteredOffice2022-04-012023-03-3101205287ns10:Original2022-03-3101205287ns10:Originalns5:CurrentFinancialInstruments2023-03-3101205287ns10:Originalns5:CurrentFinancialInstruments2022-03-3101205287ns5:ShareCapitalns10:Original2023-03-3101205287ns5:ShareCapitalns10:Original2022-03-3101205287ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2023-03-3101205287ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2022-03-3101205287ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3101205287ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3101205287ns10:Originalns5:FurnitureFittings2022-04-012023-03-3101205287ns10:Original2021-04-012022-03-3101205287ns10:Originalns5:FurnitureFittings2022-03-3101205287ns10:Originalns5:FurnitureFittings2023-03-3101205287ns10:Originalns5:FurnitureFittings2022-03-3101205287ns10:Originalns5:UnlistedNon-exchangeTradedns5:CostValuation2022-03-3101205287ns10:Originalns5:UnlistedNon-exchangeTraded2023-03-3101205287ns10:Originalns5:UnlistedNon-exchangeTraded2022-03-3101205287ns10:Original2022-03-3101205287ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101205287ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 01205287 (England and Wales)












John Sherratt & Son Limited

Financial Statements

for the Year Ended 31 March 2023






John Sherratt & Son Limited (Registered number: 01205287)






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


John Sherratt & Son Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mrs R D Westaway
L A Westaway
T Westaway





Secretary: R K N Ashton





Registered office: 76 Manchester Road
Denton
Manchester
M34 3PS





Registered number: 01205287 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

John Sherratt & Son Limited (Registered number: 01205287)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 970 255
Investments 5 198,977 198,977
Investment property 6 232,702 232,702
432,649 431,934

Current assets
Debtors 7 918,270 896,656
Cash at bank 519,616 642,854
1,437,886 1,539,510
Creditors
Amounts falling due within one year 8 94,713 104,792
Net current assets 1,343,173 1,434,718
Total assets less current liabilities 1,775,822 1,866,652

Provisions for liabilities 37,243 37,243
Net assets 1,738,579 1,829,409

Capital and reserves
Called up share capital 100 100
Non distributable reserve 148,971 148,971
Retained earnings 1,589,508 1,680,338
Shareholders' funds 1,738,579 1,829,409

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.

John Sherratt & Son Limited (Registered number: 01205287)

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 21 November 2023 and were signed on its behalf by:





L A Westaway - Director


John Sherratt & Son Limited (Registered number: 01205287)

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

1. Statutory information

John Sherratt & 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.

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 and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

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.

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.

Group accounts
The company has taken advantage of the exemptions conferred by Section 248 of the Companies Act 1985 not to prepare group accounts. Accordingly the financial statements present information about the company as a single undertaking and not about its group.

John Sherratt & Son Limited (Registered number: 01205287)

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 3 (2022 - 3 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2022 9,451
Additions 980
At 31 March 2023 10,431
Depreciation
At 1 April 2022 9,196
Charge for year 265
At 31 March 2023 9,461
Net book value
At 31 March 2023 970
At 31 March 2022 255

5. Fixed asset investments
Unlisted
investments
£   
Cost
At 1 April 2022
and 31 March 2023 198,977
Net book value
At 31 March 2023 198,977
At 31 March 2022 198,977

John Sherratt & Son Limited (Registered number: 01205287)

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

6. Investment property
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 232,702
Net book value
At 31 March 2023 232,702
At 31 March 2022 232,702

Investment properties were valued at fair value by the directors at the year end. ( Cost £46,488 )

7. Debtors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Trade debtors 157,159 428,900
Other debtors 760,499 467,461
VAT 157 -
Prepayments 455 295
918,270 896,656

8. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Corporation tax - 206
Social security and other taxes 78 1,942
VAT - 5,975
Other creditors 631 630
Amount owing to subsidiary company 76,067 76,067
Directors' current accounts 11,042 10,652
Accrued expenses 6,895 9,320
94,713 104,792