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REGISTERED NUMBER: 00681591













Unaudited Financial Statements

for the Year Ended 31 December 2023


for



Jean Monro Ltd



Jean Monro Ltd (Registered number: 00681591)








Contents of the Financial Statements

for the Year Ended 31 December 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Jean Monro Ltd



Company Information

for the Year Ended 31 December 2023









DIRECTORS:

Miss M. Gigon


M.J. Gomez







SECRETARY:

M.J. Gomez







REGISTERED OFFICE:

410 The Chambers


Chelsea Harbour Design Centre


London


SW10 0XE







REGISTERED NUMBER:

00681591







ACCOUNTANTS:

PB Associates


Chartered Accountants and Chartered Tax Advisers


2 Castle Business Village


Station Road


Hampton


Middlesex


TW12 2BX



Jean Monro Ltd (Registered number: 00681591)



Balance Sheet

31 December 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

3

120,651


7,571




CURRENT ASSETS

Stocks

873,934


805,135



Debtors

4

71,950


65,228



Cash at bank

4,609


6,270



950,493


876,633



CREDITORS

Amounts falling due within one year

5

877,502


756,985



NET CURRENT ASSETS

72,991


119,648



TOTAL ASSETS LESS CURRENT

LIABILITIES

193,642


127,219




CAPITAL AND RESERVES

Called up share capital

6

10,000


10,000



Revaluation reserve

7

80,000


-



Retained earnings

7

103,642


117,219



SHAREHOLDERS' FUNDS

193,642


127,219




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.



Jean Monro Ltd (Registered number: 00681591)



Balance Sheet - continued

31 December 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 18 September 2024  and were signed on its behalf by:






M.J. Gomez - Director




Jean Monro Ltd (Registered number: 00681591)



Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

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.  


Plant and machinery etc

-

10% on cost



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.

2.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 8 (2022 - 8 ) .



Jean Monro Ltd (Registered number: 00681591)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


3.

TANGIBLE FIXED ASSETS


Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



COST OR VALUATION


At 1 January 2023

47,827


-


47,827




Additions

15,420


29,650


45,070




Revaluations

80,000


-


80,000




At 31 December 2023

143,247


29,650


172,897




DEPRECIATION


At 1 January 2023

40,256


-


40,256




Charge for year

5,813


6,177


11,990




At 31 December 2023

46,069


6,177


52,246




NET BOOK VALUE


At 31 December 2023

97,178


23,473


120,651




At 31 December 2022

7,571


-


7,571





Cost or valuation at 31 December 2023 is represented by:



Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



Valuation in 2023

80,000


-


80,000




Cost

63,247


29,650


92,897



143,247


29,650


172,897




4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade debtors

59,438


65,228




VAT

12,512


-



71,950


65,228





Jean Monro Ltd (Registered number: 00681591)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Bank loans and overdrafts

29,430


29,559




Trade creditors

277,723


133,875




Amounts owed to group undertakings

529,661


506,567




Social security and other taxes

6,991


7,591




VAT

-


9,318




Other creditors

33,697


70,075



877,502


756,985




6.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



10,000

Ordinary

£1

10,000


10,000




7.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 January 2023

117,219


-


117,219




Deficit for the year

(13,577

)

(13,577

)



Current year movement

-


80,000


80,000




At 31 December 2023

103,642


80,000


183,642