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REGISTERED NUMBER: 00444932















J.C. Snell Limited

Unaudited Financial Statements For The Year Ended 31 December 2023






J.C. Snell Limited (Registered number: 00444932)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J.C. Snell Limited

Company Information
For The Year Ended 31 December 2023







DIRECTOR: Mr C R Watkinson





SECRETARY: Ms S A Watkinson





REGISTERED OFFICE: 436-440 Doncaster Road
Barnsley
S70 3EZ





REGISTERED NUMBER: 00444932





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

J.C. Snell Limited (Registered number: 00444932)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 589,798 607,171
Investments 5 4,850 4,850
594,648 612,021

CURRENT ASSETS
Stocks 246,439 264,118
Debtors 6 17,674 17,684
Cash at bank and in hand 52,850 77,754
316,963 359,556
CREDITORS
Amounts falling due within one year 7 50,577 60,293
NET CURRENT ASSETS 266,386 299,263
TOTAL ASSETS LESS CURRENT LIABILITIES 861,034 911,284

CREDITORS
Amounts falling due after more than one year 8 (4,750 ) (4,750 )

PROVISIONS FOR LIABILITIES (123,818 ) (96,765 )
NET ASSETS 732,466 809,769

CAPITAL AND RESERVES
Called up share capital 11,488 11,488
Revaluation reserve 372,715 413,418
Capital redemption reserve 7,500 7,500
Retained earnings 340,763 377,363
732,466 809,769

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 director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:




Mr C R Watkinson - Director


J.C. Snell Limited (Registered number: 00444932)

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

1. STATUTORY INFORMATION

J.C. Snell Limited is a private company, limited by shares , registered in Not specified/Other. 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.
- Land and buildings 2% straight line
- Fixtures and fittings 25% straight line

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investment's are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

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.

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.

Grants
Grants received in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

J.C. Snell Limited (Registered number: 00444932)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 703,650 103,716 807,366
Additions - 2,124 2,124
Disposals - (18,938 ) (18,938 )
At 31 December 2023 703,650 86,902 790,552
DEPRECIATION
At 1 January 2023 112,584 87,611 200,195
Charge for year 14,073 5,424 19,497
Eliminated on disposal - (18,938 ) (18,938 )
At 31 December 2023 126,657 74,097 200,754
NET BOOK VALUE
At 31 December 2023 576,993 12,805 589,798
At 31 December 2022 591,066 16,105 607,171

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 4,750 100 4,850
NET BOOK VALUE
At 31 December 2023 4,750 100 4,850
At 31 December 2022 4,750 100 4,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,962 9,904
Other debtors 7,712 7,780
17,674 17,684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,574 16,936
Taxation and social security 12,010 15,173
Other creditors 24,993 28,184
50,577 60,293

J.C. Snell Limited (Registered number: 00444932)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 4,750 4,750