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REGISTERED NUMBER: 01143923 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

E.C. Joseph & Sons Limited

E.C. Joseph & Sons Limited (Registered number: 01143923)






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


E.C. Joseph & Sons Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A P Joseph
Mrs J Joseph





REGISTERED OFFICE: 119 St. Owen Street
Hereford
HR1 2JW





REGISTERED NUMBER: 01143923 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

E.C. Joseph & Sons Limited (Registered number: 01143923)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,095 201,704

CURRENT ASSETS
Stocks 530 510
Debtors 5 376,082 386,044
Cash at bank 25,630 16,703
402,242 403,257
CREDITORS
Amounts falling due within one year 6 75,478 75,841
NET CURRENT ASSETS 326,764 327,416
TOTAL ASSETS LESS CURRENT LIABILITIES 525,859 529,120

PROVISIONS FOR LIABILITIES 2,384 2,674
NET ASSETS 523,475 526,446

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 7 164,193 164,193
Retained earnings 358,982 361,953
523,475 526,446

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.

E.C. Joseph & Sons Limited (Registered number: 01143923)

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:




Mrs J Joseph - Director



A P Joseph - Director


E.C. Joseph & Sons Limited (Registered number: 01143923)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

E.C. Joseph & Sons 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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 10% 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 8 (2022 - 8 ) .

E.C. Joseph & Sons Limited (Registered number: 01143923)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 180,000 46,074 76,613 21,815 324,502
DEPRECIATION
At 1 January 2023 - 30,522 73,700 18,576 122,798
Charge for year - 1,556 729 324 2,609
At 31 December 2023 - 32,078 74,429 18,900 125,407
NET BOOK VALUE
At 31 December 2023 180,000 13,996 2,184 2,915 199,095
At 31 December 2022 180,000 15,552 2,913 3,239 201,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,036
Other debtors 376,082 377,008
376,082 386,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,720 39,278
Taxation and social security 19,627 15,201
Other creditors 4,131 21,362
75,478 75,841

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 164,193

8. RELATED PARTY DISCLOSURES

Included in other debtors is and amount owed by a company, in which a director of E.C. Joseph & Sons Ltd is also a director. The balance at the end of the year was £369,471 (2022 - £371,163). Interest is calculated on the loan at 4%.