JA Francis & Sons Limited |
Registered Number:05041453 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
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
JA Francis & Sons Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
346,414
268,223
2
346,414
268,223
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
129,040
129,040
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. |
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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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. |
Mile Brook
Knighton
Powys
LD7 1LR
The presentation currency is £ sterling. |
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
Plant and machinery
Computer equipment
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. |
2 of 4
For the year ended 31 December 2023
JA Francis & Sons Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
801,111
24,961
142,981
600,500
32,669
157,888
-
50,801
47,148
59,939
(12,698)
(19,500)
(62,468)
-
(94,666)
585,180
174,282
12,263
864,333
92,608
Provision for depreciation and impairment |
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)
-
517,919
9,616
100,989
400,940
6,374
86,234
184,240
73,293
2,647
346,414
32,669
183,153
48,387
4,014
268,223
2022
2023
115,000
94,300
4. Trade and other receivables |
2022
2023
203,045
292,755
Prepayments and accrued income |
18,836
15,906
8,979
-
308,661
230,860
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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
54,294
68,554
Taxation and social security |
65,116
103,710
Accruals and deferred income |
7,551
5,345
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)
4 of 4