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REGISTERED NUMBER: 00624128 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

J. EXLEY LIMITED

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)






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


J. EXLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Gregory Clifford Exley
Stephanie Louise Exley





REGISTERED OFFICE: Unit 2, AAA Park
54 Leeds Road
Mirfield
West Yorkshire
WF14 0DE





REGISTERED NUMBER: 00624128 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 755,913 791,397

CURRENT ASSETS
Stocks 2,130 2,270
Debtors 5 616,895 635,537
Cash at bank 255,771 118,623
874,796 756,430
CREDITORS
Amounts falling due within one year 6 506,872 498,072
NET CURRENT ASSETS 367,924 258,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123,837

1,049,755

CREDITORS
Amounts falling due after more than
one year

7

(450,266

)

(523,084

)

PROVISIONS FOR LIABILITIES (188,978 ) (197,849 )
NET ASSETS 484,593 328,822

CAPITAL AND RESERVES
Called up share capital 200 200
Profit and loss account 484,393 328,622
484,593 328,822

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.

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Gregory Clifford Exley - Director


J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

J. Exley 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.
Short leasehold - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
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 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.

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 24,530 6,615 881,961
Additions - - 171,338
Disposals - - -
At 31 March 2024 24,530 6,615 1,053,299
DEPRECIATION
At 1 April 2023 1,752 6,615 428,430
Charge for year 1,752 - 156,220
Eliminated on disposal - - -
At 31 March 2024 3,504 6,615 584,650
NET BOOK VALUE
At 31 March 2024 21,026 - 468,649
At 31 March 2023 22,778 - 453,531

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 20,980 1,106,650 2,040,736
Additions 10,563 35,445 217,346
Disposals (2,917 ) - (2,917 )
At 31 March 2024 28,626 1,142,095 2,255,165
DEPRECIATION
At 1 April 2023 13,566 798,976 1,249,339
Charge for year 7,129 85,784 250,885
Eliminated on disposal (972 ) - (972 )
At 31 March 2024 19,723 884,760 1,499,252
NET BOOK VALUE
At 31 March 2024 8,903 257,335 755,913
At 31 March 2023 7,414 307,674 791,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 376,589 489,942
Amounts owed by group undertakings 64,930 -
Other debtors 175,376 145,595
616,895 635,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 64,783 58,526
Hire purchase contracts (see note 9) 143,910 98,067
Trade creditors 67,354 164,132
Amounts owed to group undertakings - 25,216
Taxation and social security 196,137 133,027
Other creditors 34,688 19,104
506,872 498,072

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 78,020 142,804
Hire purchase contracts (see note 9) 372,246 380,280
450,266 523,084

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 64,783 58,526

Amounts falling due between one and two years:
Bank loans - 1-2 years 78,020 64,783

Amounts falling due between two and five years:
Bank loans - 2-5 years - 78,021

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 143,910 98,067
Between one and five years 372,246 380,280
516,156 478,347

Non-cancellable operating leases
2024 2023
£    £   
Within one year 174,375 174,375
Between one and five years 697,500 697,500
In more than five years 116,250 290,625
988,125 1,162,500

J. EXLEY LIMITED (REGISTERED NUMBER: 00624128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 142,803 201,330
Hire purchase contracts 516,156 478,347
658,959 679,677

The Hire purchases contracts are secured on the assets which they relate to.

Interest on the bank loan is charged at a commercial rate of interest. The bank loan is secured by a charge on the company's assets.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £35,413 (2023 - £34,293). Contributions totalling £1,937 (2023 - £2,292) were payable to the fund at the year end and are included in creditors.