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REGISTERED NUMBER: 00612571 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Joseph Fordham & Sons Limited

Joseph Fordham & Sons Limited (Registered number: 00612571)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Joseph Fordham & Sons Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Roberts
Mrs A Roberts
Mrs C L Ball
Mrs A V Allen





SECRETARY: Mrs A Roberts





REGISTERED OFFICE: Rectory Farm
Little Chesterford
Saffron Walden
Essex
CB10 1UD





REGISTERED NUMBER: 00612571 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Joseph Fordham & Sons Limited (Registered number: 00612571)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336,857 378,343
Investments 5 25 25
336,882 378,368

CURRENT ASSETS
Stocks 210,591 267,354
Debtors 158,637 148,386
Cash at bank 97,703 100,285
466,931 516,025
CREDITORS
Amounts falling due within one year 97,200 145,234
NET CURRENT ASSETS 369,731 370,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,613

749,159

PROVISIONS FOR LIABILITIES 3,843 3,793
NET ASSETS 702,770 745,366

CAPITAL AND RESERVES
Called up share capital 6 7,000 7,000
Retained earnings 695,770 738,366
SHAREHOLDERS' FUNDS 702,770 745,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Joseph Fordham & Sons Limited (Registered number: 00612571)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





D Roberts - Director


Joseph Fordham & Sons Limited (Registered number: 00612571)

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

1. STATUTORY INFORMATION

Joseph Fordham & Sons 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
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.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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 only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Joseph Fordham & Sons Limited (Registered number: 00612571)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 1,356,736
Disposals (133,180 )
At 31 October 2023 1,223,556
DEPRECIATION
At 1 November 2022 978,393
Charge for year 40,241
Eliminated on disposal (131,935 )
At 31 October 2023 886,699
NET BOOK VALUE
At 31 October 2023 336,857
At 31 October 2022 378,343

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2022
and 31 October 2023 25
NET BOOK VALUE
At 31 October 2023 25
At 31 October 2022 25

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
7,000 Ordinary £1 7,000 7,000