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REGISTERED NUMBER: 00352647 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

F.J. ZELLEY LIMITED

F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


F.J. ZELLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M J Zelley
P J Zelley
M E Zelley





REGISTERED OFFICE: Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF





REGISTERED NUMBER: 00352647 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
F.J. ZELLEY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F.J. Zelley Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of F.J. Zelley Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F.J. Zelley Limited and state those matters that we have agreed to state to the Board of Directors of F.J. Zelley Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that F.J. Zelley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F.J. Zelley Limited. You consider that F.J. Zelley Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of F.J. Zelley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


12 November 2024

F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 750,316 750,433
Investments 5 1 1
750,317 750,434

CURRENT ASSETS
Stocks 6 757,457 725,969
Debtors 7 776,009 724,082
Cash at bank and in hand 148,562 102,515
1,682,028 1,552,566
CREDITORS
Amounts falling due within one year 8 211,944 197,262
NET CURRENT ASSETS 1,470,084 1,355,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,220,401

2,105,738

CREDITORS
Amounts falling due after more than one
year

9

-

(9,160

)

PROVISIONS FOR LIABILITIES (302 ) (302 )
NET ASSETS 2,220,099 2,096,276

CAPITAL AND RESERVES
Called up share capital 565,450 565,450
Revaluation reserve 11 (84,320 ) (84,320 )
Capital redemption reserve 44,870 44,870
Retained earnings 1,694,099 1,570,276
SHAREHOLDERS' FUNDS 2,220,099 2,096,276

F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)

BALANCE SHEET - continued
30 APRIL 2024


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.

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 12 November 2024 and were signed on its behalf by:




M E Zelley - Director



P J Zelley - Director


F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

F.J. Zelley 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax.

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 - 2.5% straight line
Fixtures and fittings - 25% reducing balance
Computer equipment - 2.5% straight line

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.

F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 750,000 166,849 65,155 982,004
DEPRECIATION
At 1 May 2023 - 166,416 65,155 231,571
Charge for year - 117 - 117
At 30 April 2024 - 166,533 65,155 231,688
NET BOOK VALUE
At 30 April 2024 750,000 316 - 750,316
At 30 April 2023 750,000 433 - 750,433

A professional valuation of the freehold property was carried out in 2013 and the Bishops Stortford property was revalued to £750,000.

Capital gains arising in 1986 and 1987 and amounting to £450949 were rolled over against the cost of freehold property. No provision for deferred taxation has been made.

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2024 750,000 166,849 65,155 982,004

F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

At the end of the year the market value of listed investments was £1 (2023 £1).

6. STOCKS
2024 2023
£    £   
Stocks 757,457 725,969

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 771,991 719,335
Other debtors 685 2,500
Directors' current accounts 313 -
Prepayments and accrued income 3,020 2,247
776,009 724,082

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 14,736
Trade creditors 89,617 95,015
Corporation tax 75,082 46,045
Social security and other taxes 3,504 3,637
VAT 36,861 26,694
Directors' current accounts 580 4,835
Accruals and deferred income 6,300 6,300
211,944 197,262

F.J. ZELLEY LIMITED (REGISTERED NUMBER: 00352647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 9,160

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 23,896

The bank loan and overdraft are secured on the freehold property.

11. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 (84,320 )

The revaluation reserve represents the excess of the freehold property value over original cost. No provision has been made for any liability to corporation tax which might arise in the event of the disposal of the property.

12. RELATED PARTY DISCLOSURES

The Directors received £101,442 dividends in the year as they are paid out from F J Zelley Holdings Limited. (2023 - £51,818).

13. ULTIMATE CONTROLLING PARTY

The controlling party is F J Zelley Holdings Limited of the issued share capital of the company.