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REGISTERED NUMBER: 06411905 (England and Wales)















Jeffrey Ross Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Jeffrey Ross Limited (Registered number: 06411905)






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


Jeffrey Ross Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R Hooper-Nash
E Hooper-Nash





SECRETARY: G Hooper-Nash





REGISTERED OFFICE: Jeffrey Ross Limited
C/o DESG Limited
11-13 Penhill Road
Cardiff
CF11 9PQ





REGISTERED NUMBER: 06411905 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Jeffrey Ross Limited (Registered number: 06411905)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,750
Tangible assets 5 567,128 710,163
Investments 6 2,564,063 500,100
3,138,191 1,219,013

CURRENT ASSETS
Debtors 7 1,102,045 1,091,971
Cash at bank 262,582 472,173
1,364,627 1,564,144
CREDITORS
Amounts falling due within one year 8 1,824,348 625,809
NET CURRENT (LIABILITIES)/ASSETS (459,721 ) 938,335
TOTAL ASSETS LESS CURRENT LIABILITIES 2,678,470 2,157,348

CREDITORS
Amounts falling due after more than one year 9 (576,815 ) (229,171 )

PROVISIONS FOR LIABILITIES (8,330 ) (10,262 )
NET ASSETS 2,093,325 1,917,915

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,093,225 1,917,815
SHAREHOLDERS' FUNDS 2,093,325 1,917,915

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.

Jeffrey Ross Limited (Registered number: 06411905)

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 31 July 2024 and were signed on its behalf by:





R Hooper-Nash - Director


Jeffrey Ross Limited (Registered number: 06411905)

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

1. STATUTORY INFORMATION

Jeffrey Ross 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Jeffrey Ross Limited (Registered number: 06411905)

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

2. ACCOUNTING POLICIES - continued
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.

Leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 35,000
AMORTISATION
At 1 November 2022 26,250
Charge for year 1,750
At 31 October 2023 28,000
NET BOOK VALUE
At 31 October 2023 7,000
At 31 October 2022 8,750

Jeffrey Ross Limited (Registered number: 06411905)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 1,012,786 110,272 82,352 21,322 1,226,732
Additions - 1,088 - - 1,088
At 31 October 2023 1,012,786 111,360 82,352 21,322 1,227,820
DEPRECIATION
At 1 November 2022 365,425 89,496 49,674 11,974 516,569
Charge for year 125,482 8,140 8,164 2,337 144,123
At 31 October 2023 490,907 97,636 57,838 14,311 660,692
NET BOOK VALUE
At 31 October 2023 521,879 13,724 24,514 7,011 567,128
At 31 October 2022 647,361 20,776 32,678 9,348 710,163

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 November 2022 100 500,000 500,100
Additions 2,063,963 - 2,063,963
At 31 October 2023 2,064,063 500,000 2,564,063
NET BOOK VALUE
At 31 October 2023 2,064,063 500,000 2,564,063
At 31 October 2022 100 500,000 500,100

7. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 49,473 61,127
Other debtors 627,411 621,079
676,884 682,206

Jeffrey Ross Limited (Registered number: 06411905)

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

7. DEBTORS - continued
31.10.23 31.10.22
£    £   
Amounts falling due after more than one year:
Other debtors 425,161 409,765

Aggregate amounts 1,102,045 1,091,971

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 162,127 88,590
Trade creditors 57,048 103,454
Taxation and social security 221,606 234,176
Other creditors 1,383,567 199,589
1,824,348 625,809

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 576,815 229,171

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 738,942 317,761

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
R Hooper-Nash
Balance outstanding at start of year 5,406 38,207
Amounts advanced 110,877 246,568
Amounts repaid (88,562 ) (279,369 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,721 5,406

12. RELATED PARTY DISCLOSURES

At the year end the company was owed £931,092 (2022: £951,375) from companies with common Directors.