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REGISTERED NUMBER: 12274061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

J&F Bulk Solutions Ltd

J&F Bulk Solutions Ltd (Registered number: 12274061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&F Bulk Solutions Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M J F Brennand
P C Lawson





REGISTERED OFFICE: High Meadows
Low Jobs Hill
Crook
Durham
DL15 9AB





REGISTERED NUMBER: 12274061 (England and Wales)





ACCOUNTANTS: CM Sewell & Company
53 Welby Drive
Ushaw Moor
Durham
Co. Durham
DH7 7GA

J&F Bulk Solutions Ltd (Registered number: 12274061)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 758,310 476,126

CURRENT ASSETS
Debtors 5 303,086 230,455
Cash at bank 58,831 10,042
361,917 240,497
CREDITORS
Amounts falling due within one year 6 386,884 263,591
NET CURRENT LIABILITIES (24,967 ) (23,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,343

453,032

CREDITORS
Amounts falling due after more than one
year

7

(509,005

)

(317,109

)

PROVISIONS FOR LIABILITIES (24,228 ) (17,433 )
NET ASSETS 200,110 118,490

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 200,108 118,488
SHAREHOLDERS' FUNDS 200,110 118,490

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.

J&F Bulk Solutions Ltd (Registered number: 12274061)

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.

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 15 December 2023 and were signed on its behalf by:




M J F Brennand - Director



P C Lawson - Director


J&F Bulk Solutions Ltd (Registered number: 12274061)

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

1. STATUTORY INFORMATION

J&F Bulk Solutions Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 10% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

J&F Bulk Solutions Ltd (Registered number: 12274061)

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 11 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 570,592
Additions 437,940
Disposals (68,000 )
At 31 October 2023 940,532
DEPRECIATION
At 1 November 2022 94,466
Charge for year 106,796
Eliminated on disposal (19,040 )
At 31 October 2023 182,222
NET BOOK VALUE
At 31 October 2023 758,310
At 31 October 2022 476,126

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 556,508
Additions 437,217
Disposals (68,000 )
At 31 October 2023 925,725
DEPRECIATION
At 1 November 2022 90,670
Charge for year 104,072
Eliminated on disposal (19,040 )
At 31 October 2023 175,702
NET BOOK VALUE
At 31 October 2023 750,023
At 31 October 2022 465,838

J&F Bulk Solutions Ltd (Registered number: 12274061)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 239,476 187,953
Other debtors 63,610 42,502
303,086 230,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 187,062 124,334
Trade creditors 149,084 95,351
Taxation and social security 18,660 13,894
Other creditors 22,078 20,012
386,884 263,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 493,172 291,276
509,005 317,109