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REGISTERED NUMBER: 10166351 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

J THACKER AND SONS LIMITED

J THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J THACKER AND SONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Mr T Thacker
Mr R Thacker





SECRETARY:





REGISTERED OFFICE: 10 High Street
Windermere
Cumbria
LA23 1AF





REGISTERED NUMBER: 10166351 (England and Wales)





ACCOUNTANTS: MBE Accountancy Ltd
Chartered Certified Practice
10 High Street
Windermere
Cumbria
LA231AF

J THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 413,501 407,246

CURRENT ASSETS
Stocks 81,215 4,677
Debtors 5 146,648 160,274
Cash at bank 129,377 27,812
357,240 192,763
CREDITORS
Amounts falling due within one year 6 257,887 113,281
NET CURRENT ASSETS 99,353 79,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

512,854

486,728

CREDITORS
Amounts falling due after more than one year 7 (31,134 ) (52,801 )

PROVISIONS FOR LIABILITIES (56,366 ) (45,389 )
NET ASSETS 425,354 388,538

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 425,054 388,238
SHAREHOLDERS' FUNDS 425,354 388,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)

BALANCE SHEET - continued
31 May 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 1 October 2024 and were signed on its behalf by:




Mr T Thacker - Director



Mr R Thacker - Director


J THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)

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

1. STATUTORY INFORMATION

J Thacker And 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on different policies
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2023 173,331 301,393 52,443 527,167
Additions 6,468 12,000 18,787 37,255
At 31 May 2024 179,799 313,393 71,230 564,422
DEPRECIATION
At 1 June 2023 - 95,983 23,938 119,921
Charge for year - 25,300 5,700 31,000
At 31 May 2024 - 121,283 29,638 150,921
NET BOOK VALUE
At 31 May 2024 179,799 192,110 41,592 413,501
At 31 May 2023 173,331 205,410 28,505 407,246

J THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 161,700
DEPRECIATION
At 1 June 2023 30,884
Charge for year 13,082
At 31 May 2024 43,966
NET BOOK VALUE
At 31 May 2024 117,734
At 31 May 2023 130,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 137,537 158,235
Other debtors 9,111 2,039
146,648 160,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 11,667 21,838
Trade creditors 161,929 40,227
Taxation and social security 70,946 32,068
Other creditors 13,345 19,148
257,887 113,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 12,801 24,468
Other creditors 18,333 28,333
31,134 52,801

J THACKER AND SONS LIMITED (REGISTERED NUMBER: 10166351)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr T Thacker
Balance outstanding at start of year 2,039 (334 )
Amounts advanced 49,462 51,883
Amounts repaid (49,820 ) (49,510 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,681 2,039

Mr R Thacker
Balance outstanding at start of year (2,321 ) (712 )
Amounts advanced 48,754 47,901
Amounts repaid (46,820 ) (49,510 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (387 ) (2,321 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Thacker and Mr R Thacker.