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REGISTERED NUMBER: 14796732 (England and Wales)















Fairclough J Limited

Unaudited Financial Statements

for the Period 12 April 2023 to 30 April 2024






Fairclough J Limited (Registered number: 14796732)






Contents of the Financial Statements
for the Period 12 April 2023 to 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fairclough J Limited

Company Information
for the Period 12 April 2023 to 30 April 2024







Directors: Mr J W Fairclough
Mrs C L Fairclough





Secretary: Mrs C L Fairclough





Registered office: 17 Croft Drive
Moreton
Wirral
CH46 0QS





Registered number: 14796732 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Fairclough J Limited (Registered number: 14796732)

Statement of Financial Position
30 April 2024

Notes £    £   
Fixed assets
Intangible assets 4 11,200
Tangible assets 5 71,083
82,283

Current assets
Stocks 62,000
Debtors 6 45,980
Cash at bank and in hand 35,767
143,747
Creditors
Amounts falling due within one year 7 68,678
Net current assets 75,069
Total assets less current liabilities 157,352

Creditors
Amounts falling due after more than one
year

8

(139,180

)

Provisions for liabilities 9 (11,190 )
Net assets 6,982

Fairclough J Limited (Registered number: 14796732)

Statement of Financial Position - continued
30 April 2024

Notes £    £   
Capital and reserves
Called up share capital 10 100
Retained earnings 6,882
Shareholders' funds 6,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





Mr J W Fairclough - Director


Fairclough J Limited (Registered number: 14796732)

Notes to the Financial Statements
for the Period 12 April 2023 to 30 April 2024

1. Statutory information

Fairclough J 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of ten years.

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

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current period.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Fairclough J Limited (Registered number: 14796732)

Notes to the Financial Statements - continued
for the Period 12 April 2023 to 30 April 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 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 period end and that are expected to apply to the reversal of the timing difference.

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

3. Employees and directors

The average number of employees during the period was 2 .

4. Intangible fixed assets
Franchise
fee
£   
Cost
Additions 12,000
At 30 April 2024 12,000
Amortisation
Amortisation for period 800
At 30 April 2024 800
Net book value
At 30 April 2024 11,200

Fairclough J Limited (Registered number: 14796732)

Notes to the Financial Statements - continued
for the Period 12 April 2023 to 30 April 2024

5. Tangible fixed assets
Motor
vehicles
£   
Cost
Additions 85,300
At 30 April 2024 85,300
Depreciation
Charge for period 14,217
At 30 April 2024 14,217
Net book value
At 30 April 2024 71,083

6. Debtors: amounts falling due within one year
£   
Trade debtors 42,542
Other debtors 3,438
45,980

7. Creditors: amounts falling due within one year
£   
Hire purchase contracts 16,738
Trade creditors 17,962
Taxation and social security 4,581
Other creditors 29,397
68,678

8. Creditors: amounts falling due after more than one year
£   
Hire purchase contracts 58,907
Other creditors 80,273
139,180

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 23,757

Fairclough J Limited (Registered number: 14796732)

Notes to the Financial Statements - continued
for the Period 12 April 2023 to 30 April 2024

9. Provisions for liabilities
£   
Deferred tax 11,190

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during period 11,190
Balance at 30 April 2024 11,190

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary 1 100