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REGISTERED NUMBER: 09496461 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JK AND BJ BIRKETT AND SON LIMITED

JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JK AND BJ BIRKETT AND SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: M Birkett
J K Birkett
Mrs B Birkett





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Registered number: 09496461 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,173,087 1,119,456
Investments 6 150,934 140,324
1,324,021 1,259,780

Current assets
Stocks 472,125 470,750
Debtors 7 110,880 86,272
Cash at bank 508,111 488,344
1,091,116 1,045,366
Creditors
Amounts falling due within one year 8 550,880 568,804
Net current assets 540,236 476,562
Total assets less current liabilities 1,864,257 1,736,342

Creditors
Amounts falling due after more than one
year

9

-

(89,323

)

Provisions for liabilities (93,316 ) (89,764 )
Net assets 1,770,941 1,557,255

Capital and reserves
Called up share capital 30 30
Other reserves 1,133,810 1,133,810
Retained earnings 637,101 423,415
1,770,941 1,557,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

BALANCE SHEET - continued
31 MARCH 2024


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 17 September 2024 and were signed on its behalf by:





J K Birkett - Director


JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

JK and BJ Birkett 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for goods and services net of VAT and trade discounts, to the
extent that the company has a right to consideration arising from the performance of its contractual
arrangements.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of
the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to
the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net
of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values
over their useful lives on the following bases:

Land and buildings - nil
Farm equipment - 20% reducing balance
Tractors - 20% reducing balance
Motor vehicles - 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Livestock is valued at the lower of cost and net realisable value. The deemed cost valuation method is
used in valuing home bred animals.

Other stock includes vestures, unexhausted manurial value and motor fuel stocks and are stated at the
lower of estimated cost and net realisable value.

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.

JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

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
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall
due.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those
costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services
are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2023
and 31 March 2024 56,156
Amortisation
At 1 April 2023
and 31 March 2024 56,156
Net book value
At 31 March 2024 -
At 31 March 2023 -

JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2023 784,924 695,003 1,479,927
Additions - 136,875 136,875
Disposals - (2,560 ) (2,560 )
At 31 March 2024 784,924 829,318 1,614,242
Depreciation
At 1 April 2023 - 360,471 360,471
Charge for year - 81,938 81,938
Eliminated on disposal - (1,254 ) (1,254 )
At 31 March 2024 - 441,155 441,155
Net book value
At 31 March 2024 784,924 388,163 1,173,087
At 31 March 2023 784,924 334,532 1,119,456

6. Fixed asset investments
Other
investments
£   
Cost
At 1 April 2023 140,324
Additions 10,610
At 31 March 2024 150,934
Net book value
At 31 March 2024 150,934
At 31 March 2023 140,324

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 57,917 34,682
Other debtors 52,963 51,590
110,880 86,272

JK AND BJ BIRKETT AND SON LIMITED (REGISTERED NUMBER: 09496461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 10,500
Trade creditors 62,346 64,913
Taxation and social security 83,813 101,772
Other creditors 404,721 391,619
550,880 568,804

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 89,323