2023-01-01 05041453 2023-12-31 05041453 2023-01-01 2023-12-31 05041453 2022-12-31 05041453 2022-01-01 2022-12-31 05041453 uk-core:WithinOneYear 2022-12-31 05041453 uk-core:WithinOneYear 2023-12-31 05041453 uk-core:ShareCapital 2023-12-31 05041453 uk-core:ShareCapital 2022-12-31 05041453 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05041453 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05041453 uk-bus:Director1 2023-01-01 2023-12-31 05041453 uk-core:Land 2023-01-01 2023-12-31 05041453 uk-core:PlantMachinery 2023-01-01 2023-12-31 05041453 uk-core:OfficeEquipment 2023-01-01 2023-12-31 05041453 uk-core:MotorVehicles 2023-01-01 2023-12-31 05041453 uk-core:OfficeEquipment 2022-12-31 05041453 uk-core:MotorVehicles 2022-12-31 05041453 uk-core:PlantMachinery 2022-12-31 05041453 uk-core:Land 2022-12-31 05041453 uk-core:PlantMachinery 2023-12-31 05041453 uk-core:MotorVehicles 2023-12-31 05041453 uk-core:OfficeEquipment 2023-12-31 05041453 uk-core:Land 2023-12-31 iso4217:GBP xbrli:pure 05041453 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05041453 uk-bus:FRS102 2023-01-01 2023-12-31 05041453 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05041453 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
JA Francis & Sons Limited
Registered Number:05041453
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
JA Francis & Sons Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05041453
As at 31 December 2023
JA Francis & Sons Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
346,414
268,223
2
346,414
268,223
Current assets
Inventories
94,300
115,000
3
Trade and other receivables
308,661
230,860
4
507,111
Cash and cash equivalents
409,650
755,510
910,072
Trade and other payables: amounts falling due within one
year
(195,789)
(146,554)
5
714,283
608,956
Net current assets
Total assets less current liabilities
955,370
982,506
(49,434)
(44,755)
Provisions for liabilities
905,936
Net assets
937,751
Capital and reserves
Called up share capital
129,040
129,040
Retained earnings
776,896
808,711
905,936
937,751
Shareholders' funds
For the year ended 31 December 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 31 December 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.
AJ Francis Director
These financial statements were approved and authorised for issue by the Board on 03 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
JA Francis & Sons Limited
Notes to the Financial Statements
Statutory Information
JA Francis & Sons Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05041453.
Registered address:
Mile Brook
Knighton
Powys
LD7 1LR
The presentation currency is £ sterling.
1. Accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Land and Buildings
10% Straight line
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2023
JA Francis & Sons Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
801,111
24,961
142,981
600,500
32,669
157,888
-
50,801
47,148
59,939
Additions
(12,698)
(19,500)
(62,468)
-
Disposals
(94,666)
At 31 December 2023
585,180
174,282
12,263
864,333
92,608
Provision for depreciation and impairment
At 01 January 2023
532,888
20,947
94,594
417,347
-
Charge for year
78,231
1,366
24,431
46,060
6,374
(93,200)
(12,697)
(18,036)
(62,467)
-
On disposal
At 31 December 2023
517,919
9,616
100,989
400,940
6,374
At 31 December 2023
Net book value
86,234
184,240
73,293
2,647
346,414
At 31 December 2022
32,669
183,153
48,387
4,014
268,223
3. Inventories
2022
2023
£
£
Stocks
115,000
94,300
4. Trade and other receivables
2022
2023
£
£
Trade debtors
203,045
292,755
Prepayments and accrued income
18,836
15,906
Other debtors
8,979
-
308,661
230,860
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6
For the year ended 31 December 2023
JA Francis & Sons Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
54,294
68,554
Taxation and social security
65,116
103,710
Accruals and deferred income
7,551
5,345
Directors' loan accounts
19,593
18,180
146,554
195,789
6. Average number of persons employed
During the year the average number of employees was 16 (2022 : 16)
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