03533409falsethat of shotblasters2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:Director22023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03533409

J E Foster & Son Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Stuart Armstrong & Co Ltd
Accountants and taxation consultants
5 Fisher Street
Carlisle
Cumbria
CA3 8RR

J E Foster & Son Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Mr Michael Foster
Mr Martin Thomas Foster
SECRETARY
Mrs Hazel Foster
REGISTERED OFFICE
Site 24 Brampton Road
Longtown
CARLISLE
Cumbria
CA6 5TR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03533409
ACCOUNTANTS
Stuart Armstrong & Co Ltd
Accountants and taxation consultants
5 Fisher Street
Carlisle
Cumbria
CA3 8RR

J E Foster & Son Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

J E Foster & Son Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets364,47774,713
CURRENT ASSETS
Stock46,88446,384
Debtors5285,124217,860
Cash at bank and in hand19,465105,825
351,473370,069
CREDITORS: Amounts falling due within one year6136,246134,542
NET CURRENT ASSETS215,227235,527
TOTAL ASSETS LESS CURRENT LIABILITIES279,704310,240
CREDITORS: Amounts falling due after more than one year711,48521,419
PROVISIONS FOR LIABILITIES AND CHARGES88,3568,834
NET ASSETS259,863279,987
CAPITAL AND RESERVES
Called up share capital912,25012,250
Profit and loss account247,613267,737
SHAREHOLDERS' FUNDS259,863279,987
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/08/2024 and signed on their behalf by
.............................
Mr Michael Foster
Director

J E Foster & Son Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 10%
Plant and Machineryreducing balance 20%
Commercial Vehiclesstraight line 20%
Equipmentstraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees1413

J E Foster & Son Limited

3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesEquipmentTotal
£££££
Cost
At 01/06/202377,218317,89618,6509,664423,428
Additions-1,295-6,0007,295
At 31/05/202477,218319,19118,65015,664430,723
Depreciation
At 01/06/202349,001279,27011,6108,834348,715
For the year7,7216,2362,1001,47417,531
At 31/05/202456,722285,50613,71010,308366,246
Net Book Amounts
At 31/05/202420,49633,6854,9405,35664,477
At 31/05/202328,21738,6267,04083074,713
4. STOCK 20242023
££
Stock comprises:
Stock raw materials12,58613,248
Work in progress34,29833,136
46,88446,384
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors285,124217,860
285,124217,860

J E Foster & Son Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,9515,221
VAT41,35124,904
PAYE control6,3105,913
Salaries and wages control577511
Directors current account1,095619
Bank Loan10,00010,000
Trade creditors64,56282,294
Other creditors1,3001,130
Accruals4,1003,950
136,246134,542
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr11,48521,419
11,48521,419
8. PROVISIONS FOR LIABILITIES 20242023
££
8,3568,834
8,3568,834
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
11250 Ordinary shares of £1 each1125011250
1000 Class B non equity shares of £1 each10001000
12,25012,250