IRIS Accounts Production v24.2.0.383 00328839 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003288392023-03-31003288392024-03-31003288392023-04-012024-03-31003288392022-03-31003288392022-04-012023-03-31003288392023-03-3100328839ns15:EnglandWales2023-04-012024-03-3100328839ns14:PoundSterling2023-04-012024-03-3100328839ns10:Director12023-04-012024-03-3100328839ns10:Director22023-04-012024-03-3100328839ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100328839ns10:SmallEntities2023-04-012024-03-3100328839ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100328839ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100328839ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100328839ns10:FullAccounts2023-04-012024-03-310032883912023-04-012024-03-3100328839ns10:CompanySecretary12023-04-012024-03-3100328839ns10:RegisteredOffice2023-04-012024-03-3100328839ns5:CurrentFinancialInstruments2024-03-3100328839ns5:CurrentFinancialInstruments2023-03-3100328839ns5:ShareCapital2024-03-3100328839ns5:ShareCapital2023-03-3100328839ns5:RetainedEarningsAccumulatedLosses2024-03-3100328839ns5:RetainedEarningsAccumulatedLosses2023-03-3100328839ns5:NetGoodwill2023-04-012024-03-3100328839ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3100328839ns5:LandBuildings2023-04-012024-03-3100328839ns5:PlantMachinery2023-04-012024-03-3100328839ns5:NetGoodwill2023-03-3100328839ns5:NetGoodwill2024-03-3100328839ns5:NetGoodwill2023-03-3100328839ns5:LandBuildings2023-03-3100328839ns5:PlantMachinery2023-03-3100328839ns5:LandBuildings2024-03-3100328839ns5:PlantMachinery2024-03-3100328839ns5:LandBuildings2023-03-3100328839ns5:PlantMachinery2023-03-3100328839ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3100328839ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 00328839 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

J. & B. EMMETT LIMITED

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)






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


J. & B. EMMETT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: B G Emmett
H A Emmett





SECRETARY: H A Emmett





REGISTERED OFFICE: Foxley Court Farm
Touchen End
Holyport
Maidenhead
Berkshire
SL6 3LA





REGISTERED NUMBER: 00328839 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,058 42,148
55,058 42,148

CURRENT ASSETS
Debtors 6 169,804 160,379
Cash at bank and in hand 1,313,614 1,026,420
1,483,418 1,186,799
CREDITORS
Amounts falling due within one year 7 306,291 246,614
NET CURRENT ASSETS 1,177,127 940,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,232,185

982,333

PROVISIONS FOR LIABILITIES 11,279 5,516
NET ASSETS 1,220,906 976,817

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 1,217,906 973,817
SHAREHOLDERS' FUNDS 1,220,906 976,817

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.

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

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 2 October 2024 and were signed on its behalf by:




B G Emmett - Director



H A Emmett - Director


J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J. & B. Emmett 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 the storage income receivable by the company and is recognised as it accrues when it satisfies its obligation for storage over the agreed period in the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

In 2018, the estimated useful life was reduced from twenty to five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are recognised at historical cost.

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.

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Basic financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any other Financial Instrument as covered by Section 12 of FRS 102 (Section 1A).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 220,158
AMORTISATION
At 1 April 2023
and 31 March 2024 220,158
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

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 308,186 542,898 851,084
Additions - 31,994 31,994
Disposals - (9,725 ) (9,725 )
At 31 March 2024 308,186 565,167 873,353
DEPRECIATION
At 1 April 2023 302,460 506,476 808,936
Charge for year 1,432 16,922 18,354
Eliminated on disposal - (8,995 ) (8,995 )
At 31 March 2024 303,892 514,403 818,295
NET BOOK VALUE
At 31 March 2024 4,294 50,764 55,058
At 31 March 2023 5,726 36,422 42,148

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,811 22,831
Other debtors 149,993 137,548
169,804 160,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 119,358 105,194
Taxation and social security 85,600 63,278
Other creditors & accruals 101,333 78,142
306,291 246,614

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the year end is Mrs H A Emmett by virtue of the holding of 76% of the ordinary
share capital.