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REGISTERED NUMBER: 04490100 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JA & WA PROCTOR LIMITED

JA & WA PROCTOR LIMITED (REGISTERED NUMBER: 04490100)






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


JA & WA PROCTOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J A Proctor
W A Proctor
M J Proctor
J E Proctor
S M J Proctor





SECRETARY: W A Proctor





REGISTERED OFFICE: Breeze Farm
Rudston
DRIFFIELD
East Yorkshire
YO25 4UU





REGISTERED NUMBER: 04490100 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

JA & WA PROCTOR LIMITED (REGISTERED NUMBER: 04490100)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 539,744 584,925

CURRENT ASSETS
Stocks 1,338,080 1,353,970
Debtors 5 212,667 287,705
1,550,747 1,641,675
CREDITORS
Amounts falling due within one year 6 1,236,953 1,327,074
NET CURRENT ASSETS 313,794 314,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,538

899,526

PROVISIONS FOR LIABILITIES 131,849 139,864
NET ASSETS 721,689 759,662

CAPITAL AND RESERVES
Called up share capital 8 12 12
Retained earnings 721,677 759,650
SHAREHOLDERS' FUNDS 721,689 759,662

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.

JA & WA PROCTOR LIMITED (REGISTERED NUMBER: 04490100)

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 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 29 July 2024 and were signed on its behalf by:




J A Proctor - Director M J Proctor - Director




S M J Proctor - Director


JA & WA PROCTOR LIMITED (REGISTERED NUMBER: 04490100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

JA & WA Proctor 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.
Property improvements - 4% on cost
Plant and machinery - 33% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors and Implements - 15% 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.

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.

Fixed asset investments
Fixed asset investments are stated at cost. Impairment reviews are carried out where necessary.

JA & WA PROCTOR LIMITED (REGISTERED NUMBER: 04490100)

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 38,161 781,263 819,424
Additions - 369,472 369,472
Disposals - (399,100 ) (399,100 )
At 31 October 2023 38,161 751,635 789,796
DEPRECIATION
At 1 November 2022 12,692 221,807 234,499
Charge for year 1,527 44,497 46,024
Eliminated on disposal - (30,471 ) (30,471 )
At 31 October 2023 14,219 235,833 250,052
NET BOOK VALUE
At 31 October 2023 23,942 515,802 539,744
At 31 October 2022 25,469 559,456 584,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 138,842 162,560
Other debtors 73,825 125,145
212,667 287,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 214,349 326,274
Trade creditors 843,552 806,876
Taxation and social security 133,531 74,778
Other creditors 45,521 119,146
1,236,953 1,327,074

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank overdrafts 214,349 326,274

JA & WA PROCTOR LIMITED (REGISTERED NUMBER: 04490100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary A £1 2 2
3 Ordinary B £1 3 3
3 Ordinary C £1 3 3
3 Ordinary D £1 3 3
1 Ordinary E £1 1 1
12 12