IRIS Accounts Production v24.2.0.383 02104796 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021047962023-06-30021047962024-06-30021047962023-07-012024-06-30021047962022-06-30021047962022-07-012023-06-30021047962023-06-3002104796ns15:EnglandWales2023-07-012024-06-3002104796ns14:PoundSterling2023-07-012024-06-3002104796ns10:Director12023-07-012024-06-3002104796ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002104796ns10:SmallEntities2023-07-012024-06-3002104796ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002104796ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002104796ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002104796ns10:FullAccounts2023-07-012024-06-3002104796ns10:RegisteredOffice2023-07-012024-06-3002104796ns5:CurrentFinancialInstruments2024-06-3002104796ns5:CurrentFinancialInstruments2023-06-3002104796ns5:Non-currentFinancialInstruments2024-06-3002104796ns5:Non-currentFinancialInstruments2023-06-3002104796ns5:ShareCapital2024-06-3002104796ns5:ShareCapital2023-06-3002104796ns5:RevaluationReserve2024-06-3002104796ns5:RevaluationReserve2023-06-3002104796ns5:CapitalRedemptionReserve2024-06-3002104796ns5:CapitalRedemptionReserve2023-06-3002104796ns5:RetainedEarningsAccumulatedLosses2024-06-3002104796ns5:RetainedEarningsAccumulatedLosses2023-06-3002104796ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3002104796ns5:PlantMachinery2023-07-012024-06-3002104796ns5:FurnitureFittings2023-07-012024-06-3002104796ns5:LandBuildings2023-06-3002104796ns5:PlantMachinery2023-06-3002104796ns5:FurnitureFittings2023-06-3002104796ns5:LandBuildings2023-07-012024-06-3002104796ns5:LandBuildings2024-06-3002104796ns5:PlantMachinery2024-06-3002104796ns5:FurnitureFittings2024-06-3002104796ns5:LandBuildings2023-06-3002104796ns5:PlantMachinery2023-06-3002104796ns5:FurnitureFittings2023-06-3002104796ns5:CostValuation2023-06-3002104796ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002104796ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002104796ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 02104796 (England and Wales)















UNCLES THE ORIGINAL PAWNBROKERS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






UNCLES THE ORIGINAL PAWNBROKERS LIMITED (REGISTERED NUMBER: 02104796)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNCLES THE ORIGINAL PAWNBROKERS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr K G Pountney





REGISTERED OFFICE: 382 Aston Lane
Witton
Birmingham
West Midlands
B6 6QN





REGISTERED NUMBER: 02104796 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

UNCLES THE ORIGINAL PAWNBROKERS LIMITED (REGISTERED NUMBER: 02104796)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 781,169 301,111
Investments 5 6 6
781,175 301,117

CURRENT ASSETS
Stocks 220,564 151,634
Debtors 6 2,883,192 2,348,492
Cash at bank 116,103 77,229
3,219,859 2,577,355
CREDITORS
Amounts falling due within one year 7 249,622 95,748
NET CURRENT ASSETS 2,970,237 2,481,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,751,412

2,782,724

CREDITORS
Amounts falling due after more than one
year

8

(9,167

)

(19,167

)

PROVISIONS FOR LIABILITIES (124,798 ) (3,723 )
NET ASSETS 3,617,447 2,759,834

CAPITAL AND RESERVES
Called up share capital 75 75
Revaluation reserve 9 620,339 254,321
Capital redemption reserve 25 25
Retained earnings 2,997,008 2,505,413
3,617,447 2,759,834

UNCLES THE ORIGINAL PAWNBROKERS LIMITED (REGISTERED NUMBER: 02104796)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 3 October 2024 and were signed by:





Mr K G Pountney - Director


UNCLES THE ORIGINAL PAWNBROKERS LIMITED (REGISTERED NUMBER: 02104796)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Uncles The Original Pawnbrokers 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 as modified by the revaluation of certain assets.

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.
Freehold property - 1% straight line on revaluation
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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.

UNCLES THE ORIGINAL PAWNBROKERS LIMITED (REGISTERED NUMBER: 02104796)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 424,559 25,380 55,502 505,441
Revaluations 488,024 - - 488,024
At 30 June 2024 912,583 25,380 55,502 993,465
DEPRECIATION
At 1 July 2023 138,340 25,380 40,610 204,330
Charge for year 4,243 - 3,723 7,966
At 30 June 2024 142,583 25,380 44,333 212,296
NET BOOK VALUE
At 30 June 2024 770,000 - 11,169 781,169
At 30 June 2023 286,219 - 14,892 301,111

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2024 488,024 - - 488,024
Cost 424,559 25,380 55,502 505,441
912,583 25,380 55,502 993,465

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 6
NET BOOK VALUE
At 30 June 2024 6
At 30 June 2023 6

UNCLES THE ORIGINAL PAWNBROKERS LIMITED (REGISTERED NUMBER: 02104796)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 363,800 422,703
Amounts owed by group undertakings 2,052,630 1,844,827
Other debtors 466,762 80,962
2,883,192 2,348,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,945 2,552
Taxation and social security 3,803 19,693
Other creditors 233,874 63,503
249,622 95,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,167 19,167

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 254,321
Revaluation in year 366,018

At 30 June 2024 620,339