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REGISTERED NUMBER: 09458042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Don Jeffs & Sons Limited

Don Jeffs & Sons Limited (Registered number: 09458042)






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


Don Jeffs & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D C Jeffs
Mr S A Jeffs





REGISTERED OFFICE: 295/297 Church Street
Blackpool
Lancashire
FY1 3PJ





BUSINESS ADDRESS: Unit 2A
Longacres Business Park
Back Lane
Stalmine
Lancashire
FY6 0FF





REGISTERED NUMBER: 09458042 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Don Jeffs & Sons Limited (Registered number: 09458042)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,500 5,000
Tangible assets 5 9,389 10,418
11,889 15,418

CURRENT ASSETS
Stocks 500 500
Debtors 6 24,750 20,321
Cash at bank and in hand 126,701 167,401
151,951 188,222
CREDITORS
Amounts falling due within one year 7 90,336 128,181
NET CURRENT ASSETS 61,615 60,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,504

75,459

CREDITORS
Amounts falling due after more than one
year

8

(10,592

)

(29,922

)

PROVISIONS FOR LIABILITIES (2,347 ) (2,604 )
NET ASSETS 60,565 42,933

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,465 42,833
SHAREHOLDERS' FUNDS 60,565 42,933

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.

Don Jeffs & Sons Limited (Registered number: 09458042)

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 1 November 2024 and were signed on its behalf by:




Mr D C Jeffs - Director



Mr S A Jeffs - Director


Don Jeffs & Sons Limited (Registered number: 09458042)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Don Jeffs & 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 represents the value of goods and services provided to customers net of VAT to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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

Don Jeffs & Sons Limited (Registered number: 09458042)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023 20,000
Amortisation for year 2,500
At 31 March 2024 22,500
NET BOOK VALUE
At 31 March 2024 2,500
At 31 March 2023 5,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 8,099 32,312 40,411
Additions 1,504 - 1,504
At 31 March 2024 9,603 32,312 41,915
DEPRECIATION
At 1 April 2023 5,133 24,860 29,993
Charge for year 670 1,863 2,533
At 31 March 2024 5,803 26,723 32,526
NET BOOK VALUE
At 31 March 2024 3,800 5,589 9,389
At 31 March 2023 2,966 7,452 10,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 22,102 17,938
Other debtors 2,648 2,383
24,750 20,321

Don Jeffs & Sons Limited (Registered number: 09458042)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,576 8,963
Trade creditors 3,434 4,945
Taxation and social security 37,921 40,230
Other creditors 43,405 74,043
90,336 128,181

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,592 29,922