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REGISTERED NUMBER: 07232512 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Jack Coupe & Sons Limited

Jack Coupe & Sons Limited (Registered number: 07232512)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jack Coupe & Sons Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S M Coupe
Mr M P Coupe



SECRETARY: Ms M Mcgregor



REGISTERED OFFICE: Hackworth Industrial Park
Shildon
County Durham
DL4 1HG



REGISTERED NUMBER: 07232512 (England and Wales)



ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN



BANKERS: Santander UK Plc
Business and Corporate Banking Operation
Bridle Road
Bootle
Merseyside
L30 4GB

Jack Coupe & Sons Limited (Registered number: 07232512)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,758,863 1,751,723
Investments 7 76 76
1,758,939 1,751,799

CURRENT ASSETS
Stocks 505,175 524,579
Debtors 8 1,118,042 987,752
Cash at bank 486,450 307,975
2,109,667 1,820,306
CREDITORS
Amounts falling due within one year 9 (1,138,099 ) (901,552 )
NET CURRENT ASSETS 971,568 918,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,730,507

2,670,553

CREDITORS
Amounts falling due after more than one
year

10

(151,523

)

(354,299

)

PROVISIONS FOR LIABILITIES (423,033 ) (321,460 )
NET ASSETS 2,155,951 1,994,794

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 12 386,860 384,062
Profit and loss account 1,769,089 1,610,730
2,155,951 1,994,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Jack Coupe & Sons Limited (Registered number: 07232512)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




Mr M P Coupe - Director



Mr S M Coupe - Director


Jack Coupe & Sons Limited (Registered number: 07232512)

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

1. STATUTORY INFORMATION

Jack Coupe & 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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
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:

Plant and machinery15%-33 1/3% reducing balance
Fixtures, fittings & equipment15% reducing balance
Motor vehicles25% 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.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Jack Coupe & Sons Limited (Registered number: 07232512)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 38 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 157,000
AMORTISATION
At 1 May 2023
and 30 April 2024 157,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Jack Coupe & Sons Limited (Registered number: 07232512)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 3,726,656
Additions 297,631
Disposals (18,586 )
At 30 April 2024 4,005,701
DEPRECIATION
At 1 May 2023 1,974,933
Charge for year 281,576
Eliminated on disposal (9,671 )
At 30 April 2024 2,246,838
NET BOOK VALUE
At 30 April 2024 1,758,863
At 30 April 2023 1,751,723

Plant at Shildon was revalued in June 2021 by Lithgow Sons & Partners, it was valued at £452,350.

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

20242023
££

Cost337,369337,369
Accumulated depreciation(337,369)(337,369)
Carrying value--

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 76
NET BOOK VALUE
At 30 April 2024 76
At 30 April 2023 76

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,087,839 955,887
Other debtors 30,203 31,865
1,118,042 987,752

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 83,009 83,016
Trade creditors 714,320 625,212
Taxation and social security 239,634 119,225
Other creditors 101,136 74,099
1,138,099 901,552

Jack Coupe & Sons Limited (Registered number: 07232512)

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

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 150,408 233,438
Other creditors 1,115 120,861
151,523 354,299

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 233,417 316,454

Hire purchase liabilities are secured against the assets to which they relate.

12. RESERVES
Revaluation
reserve
£   
At 1 May 2023 384,062
Transfers 2,798

At 30 April 2024 386,860