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REGISTERED NUMBER: 04753905 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

John Fowler & Co (Leeds) Limited

John Fowler & Co (Leeds) Limited (Registered number: 04753905)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Fowler & Co (Leeds) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr A P Sharphouse
Mrs C H Sharphouse





REGISTERED OFFICE: Old Hall Farm
Bouth
Ulverston
Cumbria
LA12 8JA





REGISTERED NUMBER: 04753905 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

John Fowler & Co (Leeds) Limited (Registered number: 04753905)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 240,880 222,200
240,880 222,200

CURRENT ASSETS
Stocks 231,195 20,500
Debtors 6 157,366 170,079
Cash at bank and in hand 3,587 23,216
392,148 213,795
CREDITORS
Amounts falling due within one year 7 214,726 193,559
NET CURRENT ASSETS 177,422 20,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,302

242,436

CREDITORS
Amounts falling due after more than one
year

8

(191,084

)

(77,994

)

PROVISIONS FOR LIABILITIES (45,008 ) (38,608 )
NET ASSETS 182,210 125,834

John Fowler & Co (Leeds) Limited (Registered number: 04753905)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 182,208 125,832
SHAREHOLDERS' FUNDS 182,210 125,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th December 2024 and were signed on its behalf by:





Mr A P Sharphouse - Director


John Fowler & Co (Leeds) Limited (Registered number: 04753905)

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

1. STATUTORY INFORMATION

John Fowler & Co (Leeds) 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 and value added tax. Turnover in respect of the sale of goods is recognised upon delivery. Turnover in respect of services is recognised when the service has been completed resulting in the company obtaining the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.


John Fowler & Co (Leeds) Limited (Registered number: 04753905)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 4,000
AMORTISATION
At 1st April 2023
and 31st March 2024 4,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

John Fowler & Co (Leeds) Limited (Registered number: 04753905)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2023 55,411 268,568 9,685
Additions - 69,829 -
At 31st March 2024 55,411 338,397 9,685
DEPRECIATION
At 1st April 2023 471 109,619 5,388
Charge for year 5,541 43,960 645
At 31st March 2024 6,012 153,579 6,033
NET BOOK VALUE
At 31st March 2024 49,399 184,818 3,652
At 31st March 2023 54,940 158,949 4,297

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 12,400 795 346,859
Additions - - 69,829
At 31st March 2024 12,400 795 416,688
DEPRECIATION
At 1st April 2023 8,815 366 124,659
Charge for year 896 107 51,149
At 31st March 2024 9,711 473 175,808
NET BOOK VALUE
At 31st March 2024 2,689 322 240,880
At 31st March 2023 3,585 429 222,200


John Fowler & Co (Leeds) Limited (Registered number: 04753905)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,170 123,206
Other debtors 97,196 46,873
157,366 170,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,505 9,932
Hire purchase contracts 43,033 14,898
Trade creditors 61,110 97,033
Taxation and social security 58,485 37,163
Other creditors 19,593 34,533
214,726 193,559

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,093 23,274
Hire purchase contracts 177,991 54,720
191,084 77,994

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 22,322 -
Hire purchase contracts 221,024 69,618
243,346 69,618

Bank overdrafts are secured over the company's assets.

Hire purchase contracts are secured by the the asset to which they relate.