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REGISTERED NUMBER: 01367829 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

T. Jowett & Sons (Farmers) Limited

T. Jowett & Sons (Farmers) Limited (Registered number: 01367829)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

T. Jowett & Sons (Farmers) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R E Jowett
S Jowett
M P Jowett





REGISTERED OFFICE: Upper Bents Farm
Bents Lane
Wilsden
Bradford
West Yorkshire
BD15 0BN





REGISTERED NUMBER: 01367829 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

T. Jowett & Sons (Farmers) Limited (Registered number: 01367829)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 36,966 38,709

CURRENT ASSETS
Stocks - 3,894
Debtors 6 8 7,451
Cash at bank 9,735 3,542
9,743 14,887
CREDITORS
Amounts falling due within one year 7 (43,397 ) (45,171 )
NET CURRENT LIABILITIES (33,654 ) (30,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,312

8,425

PROVISIONS FOR LIABILITIES 8 (938 ) (1,173 )
NET ASSETS 2,374 7,252

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,374 6,252
SHAREHOLDERS' FUNDS 2,374 7,252

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.

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 Statement of Income and Retained Earnings has not been delivered.

T. Jowett & Sons (Farmers) Limited (Registered number: 01367829)

Statement of Financial Position - continued
31 March 2024



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




S Jowett - Director



M P Jowett - Director


T. Jowett & Sons (Farmers) Limited (Registered number: 01367829)

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

1. STATUTORY INFORMATION

T. Jowett & Sons (Farmers) 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. 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.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Depreciation
Is calculated on the reducing balance method in order to write down to its estimated residual value the cost of each asset over its expected useful life.

The depreciation rates used are:-
(i )Motor vehicles and equipment20% per annum
(ii)Piggeries2.5% per annum
(iii)Freehold property2.5% per annum
(iv)Freehold landnot depreciated


Stocks
Stock is valued at the lower of cost and net realisable value.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

T. Jowett & Sons (Farmers) Limited (Registered number: 01367829)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Motor
Freehold Freehold vehicles
property land Piggeries & equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 46,112 12,184 10,421 70,711 139,428
DEPRECIATION
At 1 April 2023 29,356 - 6,823 64,540 100,719
Charge for year 419 - 90 1,234 1,743
At 31 March 2024 29,775 - 6,913 65,774 102,462
NET BOOK VALUE
At 31 March 2024 16,337 12,184 3,508 4,937 36,966
At 31 March 2023 16,756 12,184 3,598 6,171 38,709

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 5,630
Value added tax 8 1,317
Tax - 304
Prepayments - 200
8 7,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1,525
Other creditors 42,447 42,447
Accrued expenses 950 1,199
43,397 45,171

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 938 1,173

T. Jowett & Sons (Farmers) Limited (Registered number: 01367829)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,173
Credit to Statement of Income and Retained Earnings during year (235 )
Balance at 31 March 2024 938

9. CONTROL RELATIONSHIPS

R E Jowett, S Jowett, and M Jowett, directors and shareholders, are considered to be equal controlling parties.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T. Jowett & Sons (Farmers) 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 Statement of Financial Position. 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 T. Jowett & Sons (Farmers) Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T. Jowett & Sons (Farmers) Limited, as a body, in accordance with the terms of our engagement letter dated 5 October 1995. Our work has been undertaken solely to prepare for your approval the financial statements of T. Jowett & Sons (Farmers) Limited and state those matters that we have agreed to state to the Board of Directors of T. Jowett & Sons (Farmers) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T. Jowett & Sons (Farmers) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T. Jowett & Sons (Farmers) 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 loss of T. Jowett & Sons (Farmers) Limited. You consider that T. Jowett & Sons (Farmers) 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 T. Jowett & Sons (Farmers) 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


25 September 2024