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REGISTERED NUMBER: 05386984 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

J.R. Butterfield Limited

J.R. Butterfield Limited (Registered number: 05386984)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.R. Butterfield Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B W Kell





REGISTERED OFFICE: Richard Street
Hetton Le Hole
Tyne and Wear
DH5 9HN





REGISTERED NUMBER: 05386984 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

J.R. Butterfield Limited (Registered number: 05386984)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 554,254 646,806

CURRENT ASSETS
Debtors 5 1,236,968 1,047,579
Cash at bank and in hand 50,057 109,170
1,287,025 1,156,749
CREDITORS
Amounts falling due within one year 6 327,166 315,619
NET CURRENT ASSETS 959,859 841,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,514,113

1,487,936

CREDITORS
Amounts falling due after more than one
year

7

(352,904

)

(591,647

)

PROVISIONS FOR LIABILITIES (138,563 ) (155,353 )
NET ASSETS 1,022,646 740,936

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,022,544 740,834
1,022,646 740,936

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 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.

J.R. Butterfield Limited (Registered number: 05386984)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





B W Kell - Director


J.R. Butterfield Limited (Registered number: 05386984)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

J.R. Butterfield 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. Turnover is recognised at the point at which the company has fulfilled its contractual obligations to the customer.

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 - 10% on reducing balance
Fixtures and fittings - 10% on cost

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.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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.

J.R. Butterfield Limited (Registered number: 05386984)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 866,589 1,900 868,489
Additions 1,000 - 1,000
Disposals (48,299 ) - (48,299 )
At 30 April 2024 819,290 1,900 821,190
DEPRECIATION
At 1 May 2023 221,493 190 221,683
Charge for year 66,574 190 66,764
Eliminated on disposal (21,511 ) - (21,511 )
At 30 April 2024 266,556 380 266,936
NET BOOK VALUE
At 30 April 2024 552,734 1,520 554,254
At 30 April 2023 645,096 1,710 646,806


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,719 149,067
Amounts owed by group undertakings 1,136,249 898,512
1,236,968 1,047,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 241,274 263,714
Trade creditors 10,213 4,737
Taxation and social security 71,730 42,860
Other creditors 3,949 4,308
327,166 315,619

J.R. Butterfield Limited (Registered number: 05386984)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 352,904 591,647

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 594,178 855,361

Amounts owing on hire purchase are secured over the assets to which they relate.

9. RELATED PARTY DISCLOSURES

During the year the company sold goods and services to a fellow subsidiary undertaking amounting to £237,138 (2023: £260,837). At the year end £323,624 (2023: £106,950) was due from the fellow subsidiary undertaking.

At the year end £812,625 (2023: £791,562 ) was due from Kell Holdings Limited, the parent company.