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REGISTERED NUMBER: 00133046 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

J.T. Sawyer & Company Limited

J.T. Sawyer & Company Limited (Registered number: 00133046)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.T. Sawyer & Company Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs M J Lee
M S Lee





SECRETARY: Mrs T B Lee





REGISTERED OFFICE: 18/22 Mottram Street
Stockport
Cheshire
SK1 3PA





REGISTERED NUMBER: 00133046 (England and Wales)





ACCOUNTANTS: Nolan James Limited
Chartered Accountants
Suite 1
Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ

J.T. Sawyer & Company Limited (Registered number: 00133046)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,769 165,187

CURRENT ASSETS
Stocks 30,095 30,095
Debtors 5 125,379 102,249
Cash at bank and in hand 330 29,541
155,804 161,885
CREDITORS
Amounts falling due within one year 6 145,170 146,188
NET CURRENT ASSETS 10,634 15,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,403

180,884

CREDITORS
Amounts falling due after more than one
year

7

14,853

29,567
NET ASSETS 149,550 151,317

CAPITAL AND RESERVES
Called up share capital 2,853 2,853
Non Distributable reserve 9 146,368 146,368
Retained earnings 329 2,096
SHAREHOLDERS' FUNDS 149,550 151,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.T. Sawyer & Company Limited (Registered number: 00133046)

Balance Sheet - continued
29 February 2024


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 26 July 2024 and were signed on its behalf by:




Mrs M J Lee - Director



M S Lee - Director


J.T. Sawyer & Company Limited (Registered number: 00133046)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

J.T. Sawyer & Company 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 as modified by the revaluation of certain assets.

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 Valuation
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% 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 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.

Hire purchase and 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 18 (2023 - 20 ) .

J.T. Sawyer & Company Limited (Registered number: 00133046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 170,000 276,980 13,966 10,126 471,072
Additions - - - 1,950 1,950
At 29 February 2024 170,000 276,980 13,966 12,076 473,022
DEPRECIATION
At 1 March 2023 64,549 220,071 12,301 8,964 305,885
Charge for year 3,400 9,490 167 311 13,368
At 29 February 2024 67,949 229,561 12,468 9,275 319,253
NET BOOK VALUE
At 29 February 2024 102,051 47,419 1,498 2,801 153,769
At 28 February 2023 105,451 56,909 1,665 1,162 165,187

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 1995 134,100 - - - 134,100
Valuation in 2005 30,000 - - - 30,000
Cost 5,900 276,980 13,966 12,076 308,922
170,000 276,980 13,966 12,076 473,022

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 5,900 5,900
Aggregate depreciation 1,180 1,180

Value of land in freehold land and buildings 4,720 4,720

Freehold Property was valued on an open market basis on 7 March 2005 by Roberts & Roberts, Chartered Surveyors .

J.T. Sawyer & Company Limited (Registered number: 00133046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 112,295 99,749
Other debtors 13,084 2,500
125,379 102,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 21,647 10,000
Hire purchase contracts and finance leases 4,714 4,714
Trade creditors 61,954 74,649
Taxation and social security 31,124 31,646
Other creditors 25,731 25,179
145,170 146,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 14,068 24,068
Hire purchase contracts and finance leases 785 5,499
14,853 29,567

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank overdraft 11,647 -
Hire purchase contracts and finance leases 5,499 10,213
17,146 10,213

9. RESERVES
Non
Distributable
reserve
£   
At 1 March 2023
and 29 February 2024 146,368

J.T. Sawyer & Company Limited (Registered number: 00133046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
M S Lee
Balance outstanding at start of year - -
Amounts advanced 10,200 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,200 -