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Registered number: 9577576
J R Whinfrey Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
McLen & Co Accountancy Ltd
AAT
19 Jolly Avenue
Waverley
Rotherham
South Yorkshire
S60 8BF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9577576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 96,430 145,735
96,430 145,735
CURRENT ASSETS
Debtors 5 476,692 920,824
Cash at bank and in hand 1,656,159 1,035,169
2,132,851 1,955,993
Creditors: Amounts Falling Due Within One Year 6 (814,913 ) (932,450 )
NET CURRENT ASSETS (LIABILITIES) 1,317,938 1,023,543
TOTAL ASSETS LESS CURRENT LIABILITIES 1,414,368 1,169,278
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,107 ) (27,689 )
NET ASSETS 1,390,261 1,141,589
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,390,259 1,141,587
SHAREHOLDERS' FUNDS 1,390,261 1,141,589
Page 1
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jamie Whinfrey
Director
03/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J R Whinfrey Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9577576 . The registered office is 19 Braithwell Road, Maltby, Rotherham, S66 8AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Straight Line
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 55,704 230,505 19,366 7,328 312,903
Additions - - - 487 487
Disposals (22,860 ) (37,900 ) - (5,095 ) (65,855 )
As at 31 May 2024 32,844 192,605 19,366 2,720 247,535
Depreciation
As at 1 June 2023 29,567 124,116 8,589 4,896 167,168
Provided during the period 6,569 23,083 2,905 906 33,463
Disposals (21,533 ) (23,842 ) - (4,151 ) (49,526 )
As at 31 May 2024 14,603 123,357 11,494 1,651 151,105
Net Book Value
As at 31 May 2024 18,241 69,248 7,872 1,069 96,430
As at 1 June 2023 26,137 106,389 10,777 2,432 145,735
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 444,345 876,924
VAT 32,347 43,900
476,692 920,824
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,136 71,691
Trade creditors 378,726 485,376
Bank loans and overdrafts - 30,478
Corporation tax 205,090 170,206
Other taxes and social security 21,233 25,584
Net wages 406 -
Capital on Tap 140,314 145,348
Accruals and deferred income 1,800 1,800
Director's loan account 2,208 1,967
814,913 932,450
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 65,136 71,691
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Whinfrey by virtue of his ownership of 100% of the issued share capital in the company.
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