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REGISTERED NUMBER: 04343924 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Jayfor Limited
T/A
Green Thumb (Shropshire)

Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jayfor Limited
T/A Green Thumb (Shropshire)

Company Information
for the year ended 31 December 2023







DIRECTORS: I G Balmforth
Mrs J A Balmforth



SECRETARY: Mrs J A Balmforth



REGISTERED OFFICE: C/O Caerwyn Jones Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



REGISTERED NUMBER: 04343924 (England and Wales)



ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Lloyds Bank Plc
PO Box 1000
Andover
BX1 1LT

Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 50,341 63,415
50,341 63,415

CURRENT ASSETS
Inventories 16,288 19,883
Debtors 6 76,158 74,288
Cash at bank and in hand 101,673 90,430
194,119 184,601
CREDITORS
Amounts falling due within one year 7 117,804 107,970
NET CURRENT ASSETS 76,315 76,631
TOTAL ASSETS LESS CURRENT LIABILITIES 126,656 140,046

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (11,059 ) (11,783 )
NET ASSETS 100,597 103,263

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 100,595 103,261
SHAREHOLDERS' FUNDS 100,597 103,263

Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)

Statement of Financial Position - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 March 2024 and were signed on its behalf by:





I G Balmforth - Director


Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Jayfor 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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


Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 77,077 7,581 84,658
AMORTISATION
At 1 January 2023
and 31 December 2023 77,077 7,581 84,658
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 16,303 5,160 54,902 76,365
Additions 661 1,432 - 2,093
Disposals (3,728 ) (1,972 ) - (5,700 )
At 31 December 2023 13,236 4,620 54,902 72,758
DEPRECIATION
At 1 January 2023 8,438 851 3,661 12,950
Charge for year 1,307 314 10,248 11,869
Eliminated on disposal (2,118 ) (284 ) - (2,402 )
At 31 December 2023 7,627 881 13,909 22,417
NET BOOK VALUE
At 31 December 2023 5,609 3,739 40,993 50,341
At 31 December 2022 7,865 4,309 51,241 63,415

Jayfor Limited (Registered number: 04343924)
T/A Green Thumb (Shropshire)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,485 62,975
Other debtors 5,673 11,313
76,158 74,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,055 13,116
Taxation and social security 55,074 47,872
Other creditors 46,675 36,982
117,804 107,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 25,000 35,000

The Bounce Bank Loan is 100% Government backed.
The Bank Loan is secured over the Company's Assets.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £78,000 (2022 - £72,000) were paid to the Directors.

Included within creditors due within one year are amounts totalling £34,283 (2022 - £26,128) due to the directors of the company.These amounts are repayable on demand. During the year no interest was paid on the balance.