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REGISTERED NUMBER: 08915473 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

J & F Poulton Limited

J & F Poulton Limited (Registered number: 08915473)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & F Poulton Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J R Poulton





SECRETARY: Mrs S L Poulton





REGISTERED OFFICE: 6-8 Birmingham Road
Hagley
Stourbridge
West Midlands
DY9 9LZ





REGISTERED NUMBER: 08915473 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

J & F Poulton Limited (Registered number: 08915473)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,042 54,723

CURRENT ASSETS
Stocks 60,820 5,415
Debtors 5 248,370 212,073
Cash at bank 125,494 226,718
434,684 444,206
CREDITORS
Amounts falling due within one year 6 143,677 144,681
NET CURRENT ASSETS 291,007 299,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,049

354,248

CREDITORS
Amounts falling due after more than one
year

7

(102

)

(1,096

)

PROVISIONS FOR LIABILITIES 9 (7,798 ) (10,397 )
NET ASSETS 324,149 342,755

CAPITAL AND RESERVES
Called up share capital 10 60 60
Retained earnings 324,089 342,695
SHAREHOLDERS' FUNDS 324,149 342,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

J & F Poulton Limited (Registered number: 08915473)

Balance Sheet - continued
29 February 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 director and authorised for issue on 13 November 2024 and were signed by:





J R Poulton - Director


J & F Poulton Limited (Registered number: 08915473)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

J & F Poulton 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.

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.
Fixtures and fittings - 25% 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.

J & F Poulton Limited (Registered number: 08915473)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 33,350 116,694 150,044
DEPRECIATION
At 1 March 2023 24,633 70,688 95,321
Charge for year 2,179 11,502 13,681
At 29 February 2024 26,812 82,190 109,002
NET BOOK VALUE
At 29 February 2024 6,538 34,504 41,042
At 28 February 2023 8,717 46,006 54,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 231,030 206,097
Other debtors 17,340 5,976
248,370 212,073

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 993 993
Trade creditors 29,052 41,672
Taxation and social security 31,302 24,790
Other creditors 82,330 77,226
143,677 144,681

J & F Poulton Limited (Registered number: 08915473)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 102 1,096

8. SECURED DEBTS

Barclays Bank Plc hold a debenture dated 20 May 2016 including a fixed and floating charge over the undertaking and all property and assets present and future, along with a personal guarantee from the director of the company.

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 7,798 10,397

Deferred
tax
£   
Balance at 1 March 2023 10,397
Provided during year (2,599 )
Balance at 29 February 2024 7,798

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
60 Ordinary £1 60 60

11. RELATED PARTY DISCLOSURES

Creditors (including non interest bearing loans) as at 29 February 2024 include due to Jayden Frank Limited £8,038. (2023 - £8,038).

Debtors (including non interest bearing loans) as at 29 February 2024 include due from J & F Properties Limited £151,290. (2023 - £144,982).

J & F Poulton Limited, J & F Properties Limited and Jayden Frank Limited share common directors and shareholders.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its director Mr J Poulton as he owns all of the issued share capital.