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REGISTERED NUMBER: 00469864










Unaudited Financial Statements for the Year Ended 31 December 2023

for

J. Gard & Sons Limited

J. Gard & Sons Limited (Registered number: 00469864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. Gard & Sons Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M Gard
Mr K R Gard
Mrs A J Richards





SECRETARY: Mrs A J Richards





REGISTERED OFFICE: The Timber Mill
Rough Hill Complex, The Tye
East Hanningfield
Chelmsford
Essex
CM3 8BY





REGISTERED NUMBER: 00469864





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

J. Gard & Sons Limited (Registered number: 00469864)

Balance Sheet
31 December 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
4,341,493 Tangible assets 5 4,594,220
372,500 Investments 6 409,880
4,713,993 5,004,100

CURRENT ASSETS
1,305,648 Stocks 881,073
201,939 Debtors 7 120,935
692,127 Cash at bank and in hand 782,601
2,199,714 1,784,609
CREDITORS
811,008 Amounts falling due within one year 8 752,375
1,388,706 NET CURRENT ASSETS 1,032,234
6,102,699 TOTAL ASSETS LESS CURRENT
LIABILITIES

6,036,334

CREDITORS
(146,245 ) Amounts falling due after more than one
year

9

(51,838

)

(321,910 ) PROVISIONS FOR LIABILITIES (389,560 )
5,634,544 NET ASSETS 5,594,936

CAPITAL AND RESERVES
10,959 Called up share capital 11 10,959
597,930 Share premium 597,930
804,570 Fair value reserve 12 767,447
4,221,085 Retained earnings 4,218,600
5,634,544 SHAREHOLDERS' FUNDS 5,594,936

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.

J. Gard & Sons Limited (Registered number: 00469864)

Balance Sheet - continued
31 December 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 1 March 2024 and were signed on its behalf by:





Mr M Gard - Director


J. Gard & Sons Limited (Registered number: 00469864)

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

1. STATUTORY INFORMATION

J. Gard & Sons Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 1988, was written off evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Land and buildings are recognised under the revaluation model and shown at fair value at the balance sheet date. The fair value of land and buildings are reviewed on an annual basis by the directors using local market knowledge. Professionally qualified valuations are obtained on a regular basis.

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

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


J. Gard & Sons Limited (Registered number: 00469864)

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 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.

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 27 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1,520
AMORTISATION
At 1 January 2023
and 31 December 2023 1,520
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

J. Gard & Sons Limited (Registered number: 00469864)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST OR VALUATION
At 1 January 2023 6,017,631 4,565,178 1,452,453
Additions 494,167 - 494,167
Disposals (17,713 ) - (17,713 )
At 31 December 2023 6,494,085 4,565,178 1,928,907
DEPRECIATION
At 1 January 2023 1,676,138 690,965 985,173
Charge for year 239,667 91,304 148,363
Eliminated on disposal (15,940 ) - (15,940 )
At 31 December 2023 1,899,865 782,269 1,117,596
NET BOOK VALUE
At 31 December 2023 4,594,220 3,782,909 811,311
At 31 December 2022 4,341,493 3,874,213 467,280

Included within Land and buildings are investment properties. Whilst investment properties have been included within land and buildings, the value of these specific properties and subsequent improvements thereon are not individually identifiable and therefore are not shown separately. It is the opinion of the directors, that Land and buildings are fairly stated at the balance sheet date.

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 713,008 - 713,008
Valuation in 2012 60,472 - 60,472
Valuation in 2016 390,016 - 390,016
Cost 3,401,682 1,928,907 5,330,589
4,565,178 1,928,907 6,494,085

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 372,500
Revaluations 37,380
At 31 December 2023 409,880
NET BOOK VALUE
At 31 December 2023 409,880
At 31 December 2022 372,500

J. Gard & Sons Limited (Registered number: 00469864)

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

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2020 (563 )
Valuation in 2021 15,307
Valuation in 2022 (35,253 )
Valuation in 2023 37,889
Cost 392,500
409,880

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 41,319 46,197
Other debtors 79,616 155,742
120,935 201,939

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 12,175 39,125
Trade creditors 459,532 334,266
Taxation and social security 129,254 288,759
Other creditors 151,414 148,858
752,375 811,008

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 51,838 146,245

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 64,013 185,370

J. Gard & Sons Limited (Registered number: 00469864)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,759 Ordinary £1 10,759 10,759
75 Ordinary A £1 75 75
75 Ordinary B £1 75 75
40 Ordinary C £1 40 40
10 Ordinary D £1 10 10
10,959 10,959

12. RESERVES
Fair
value
reserve
£   
At 1 January 2023 804,570
Fair value gains/losses, net of deferred tax (37,123 )

At 31 December 2023 767,447