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REGISTERED NUMBER: 04716663 (England and Wales)















J.E. Theaker and Son Limited

Unaudited Financial Statements For The Year Ended 31 December 2023






J.E. Theaker and Son Limited (Registered number: 04716663)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


J.E. Theaker and Son Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: Mrs S W Theaker
D C Theaker
Mrs J Theaker





SECRETARY: D C Theaker





REGISTERED OFFICE: Avenue Farm
Brierley
Barnsley
S72 9EZ





REGISTERED NUMBER: 04716663 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

J.E. Theaker and Son Limited (Registered number: 04716663)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,169 91,800

CURRENT ASSETS
Stocks 341,529 355,831
Debtors 1,001,753 883,398
Cash at bank 20,041 41
1,363,323 1,239,270
CREDITORS
Amounts falling due within one year 463,461 347,548
NET CURRENT ASSETS 899,862 891,722
TOTAL ASSETS LESS CURRENT LIABILITIES 985,031 983,522

PROVISIONS FOR LIABILITIES 5 15,780 16,225
NET ASSETS 969,251 967,297

CAPITAL AND RESERVES
Called up share capital 6 12 12
Retained earnings 969,239 967,285
SHAREHOLDERS' FUNDS 969,251 967,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2024 and were signed on its behalf by:





Mrs J Theaker - Director


J.E. Theaker and Son Limited (Registered number: 04716663)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

J.E. Theaker and Son 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

J.E. Theaker and Son Limited (Registered number: 04716663)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 125,246
Additions 10,900
At 31 December 2023 136,146
DEPRECIATION
At 1 January 2023 33,446
Charge for year 17,531
At 31 December 2023 50,977
NET BOOK VALUE
At 31 December 2023 85,169
At 31 December 2022 91,800

5. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,780 16,225

Deferred
tax
£   
Balance at 1 January 2023 16,225
Movement during the year (445 )
Balance at 31 December 2023 15,780

Deferred tax has been provided at 25% (2022 : 25%.)

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Founder £1 3 3
3 Ordinary £1 3 3
4 'A' Ordinary £1 4 4
2 'B' Ordinary £1 2 2
12 12

7. RELATED PARTY DISCLOSURES

The company operates from premises owned by the directors, for which no rent is paid.

At the year end £637,252 (2022: £710,402) was owed by a partnership controlled by the directors. This is repayable on demand and interest free.

At the year end the following amounts were owed to the directors:

Mrs J Theaker £ 84,366
Mr D Theaker £ 15,000

Interest has been charged at 10%. There are no repayment terms.