IRIS Accounts Production v24.3.2.46 07043443 director 1.11.23 31.10.24 31.10.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070434432023-10-31070434432024-10-31070434432023-11-012024-10-31070434432022-10-31070434432022-11-012023-10-31070434432023-10-3107043443ns15:EnglandWales2023-11-012024-10-3107043443ns14:PoundSterling2023-11-012024-10-3107043443ns10:Director12023-11-012024-10-3107043443ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107043443ns10:SmallEntities2023-11-012024-10-3107043443ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3107043443ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107043443ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107043443ns10:FullAccounts2023-11-012024-10-3107043443ns10:OrdinaryShareClass12023-11-012024-10-3107043443ns10:RegisteredOffice2023-11-012024-10-3107043443ns5:CurrentFinancialInstruments2024-10-3107043443ns5:CurrentFinancialInstruments2023-10-3107043443ns5:Non-currentFinancialInstruments2024-10-3107043443ns5:Non-currentFinancialInstruments2023-10-3107043443ns5:ShareCapital2024-10-3107043443ns5:ShareCapital2023-10-3107043443ns5:RetainedEarningsAccumulatedLosses2024-10-3107043443ns5:RetainedEarningsAccumulatedLosses2023-10-3107043443ns5:PlantMachinery2023-11-012024-10-3107043443ns5:MotorVehicles2023-11-012024-10-3107043443ns5:PlantMachinery2023-10-3107043443ns5:MotorVehicles2023-10-3107043443ns5:PlantMachinery2024-10-3107043443ns5:MotorVehicles2024-10-3107043443ns5:PlantMachinery2023-10-3107043443ns5:MotorVehicles2023-10-3107043443ns5:DeferredTaxation2023-10-3107043443ns5:DeferredTaxation2024-10-3107043443ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 07043443 (England and Wales)















Jemsons of Broughton Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Jemsons of Broughton Limited (Registered number: 07043443)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jemsons of Broughton Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: PJ Jemson





REGISTERED OFFICE: 234 Woodplumpton Road
Woodplumpton
Preston
Lancashire
PR4 0TA





REGISTERED NUMBER: 07043443 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Jemsons of Broughton Limited (Registered number: 07043443)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,076 10,193

CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 - 4,385
Cash at bank 8,795 -
9,795 5,385
CREDITORS
Amounts falling due within one year 7 15,693 10,398
NET CURRENT LIABILITIES (5,898 ) (5,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,178

5,180

CREDITORS
Amounts falling due after more than one
year

8

(1,167

)

(3,167

)

PROVISIONS FOR LIABILITIES 9 (1,724 ) (1,936 )
NET ASSETS 287 77

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 286 76
SHAREHOLDERS' FUNDS 287 77

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Jemsons of Broughton Limited (Registered number: 07043443)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2024 and were signed by:





PJ Jemson - Director


Jemsons of Broughton Limited (Registered number: 07043443)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Jemsons of Broughton 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 10% 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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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 balance sheet date.


Jemsons of Broughton Limited (Registered number: 07043443)

Notes to the Financial Statements - continued
for the year ended 31 October 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.

Turnover
Revenue is recognised, in respect of contracts where the company's contractual obligations are performed gradually over time, as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 9,113 13,670 22,783
DEPRECIATION
At 1 November 2023 8,460 4,130 12,590
Charge for year 163 954 1,117
At 31 October 2024 8,623 5,084 13,707
NET BOOK VALUE
At 31 October 2024 490 8,586 9,076
At 31 October 2023 653 9,540 10,193

5. STOCKS
2024 2023
£    £   
Stock 1,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,385

Jemsons of Broughton Limited (Registered number: 07043443)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 5,582
Trade creditors 4,017 52
Taxation and social security 4,086 873
Other creditors 5,590 3,891
15,693 10,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,167 3,167

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,724 1,936

Deferred
tax
£   
Balance at 1 November 2023 1,936
Movement in the year (212 )
Balance at 31 October 2024 1,724

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

11. RELATED PARTY DISCLOSURES

In the opinion of the director the company is controlled by Mr PJ Jemson by virtue of his shareholding.