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REGISTERED NUMBER: 04668997 (England and Wales)















John Todd Refrigeration Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






John Todd Refrigeration Limited (Registered number: 04668997)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


John Todd Refrigeration Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr John Todd
Mrs Julia Louise Terrill
Mr Matthew James Gough
Mr Andrew Way





REGISTERED OFFICE: 4 Harrier Court
Wescott Lane
Exeter Airport
Exeter
Devon
EX5 2DR





REGISTERED NUMBER: 04668997 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
John Todd Refrigeration 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 Balance Sheet. 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 John Todd Refrigeration Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet 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 John Todd Refrigeration Limited, as a body, in accordance with the terms of our engagement letter dated 22 October 2021. Our work has been undertaken solely to prepare for your approval the financial statements of John Todd Refrigeration Limited and state those matters that we have agreed to state to the Board of Directors of John Todd Refrigeration 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 John Todd Refrigeration Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Todd Refrigeration 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 profit of John Todd Refrigeration Limited. You consider that John Todd Refrigeration 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 John Todd Refrigeration 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.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


Date: .............................................

John Todd Refrigeration Limited (Registered number: 04668997)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 410,767 241,492

CURRENT ASSETS
Stocks 167,525 107,341

Debts
Debts factored without recourse (390,449 ) (166,217 )
5 (390,449 ) (166,217 )
Debtors 5 1,653,431 850,931
Cash at bank 57,181 17,179
1,487,688 809,234
CREDITORS
Amounts falling due within one year 6 927,826 505,564
NET CURRENT ASSETS 559,862 303,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,629

545,162

CREDITORS
Amounts falling due after more than one
year

7

(193,039

)

(110,053

)

PROVISIONS FOR LIABILITIES (74,520 ) (41,657 )
NET ASSETS 703,070 393,452

CAPITAL AND RESERVES
Called up share capital 11,560 11,560
Share premium 48,000 48,000
Retained earnings 643,510 333,892
SHAREHOLDERS' FUNDS 703,070 393,452

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 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.

John Todd Refrigeration Limited (Registered number: 04668997)

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 Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mrs Julia Louise Terrill - Director


John Todd Refrigeration Limited (Registered number: 04668997)

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

1. STATUTORY INFORMATION

John Todd Refrigeration 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 represents sales of goods and services which is recognised as the company obtains the right to consideration.

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.
Plant and machinery - 25% on reducing balance and in accordance with the lease term
Motor vehicles - 25% on reducing balance and in accordance with the lease term

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

John Todd Refrigeration Limited (Registered number: 04668997)

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

2. ACCOUNTING POLICIES - continued

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.

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 38 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 52,148 437,384 489,532
Additions 13,281 228,718 241,999
Disposals - (48,744 ) (48,744 )
At 30 April 2024 65,429 617,358 682,787
DEPRECIATION
At 1 May 2023 34,011 214,029 248,040
Charge for year 7,766 61,921 69,687
Eliminated on disposal - (45,707 ) (45,707 )
At 30 April 2024 41,777 230,243 272,020
NET BOOK VALUE
At 30 April 2024 23,652 387,115 410,767
At 30 April 2023 18,137 223,355 241,492

John Todd Refrigeration Limited (Registered number: 04668997)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 287,023
Additions 224,241
At 30 April 2024 511,264
DEPRECIATION
At 1 May 2023 12,236
Charge for year 47,624
At 30 April 2024 59,860
NET BOOK VALUE
At 30 April 2024 451,404
At 30 April 2023 274,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 723,706 795,010
Other debtors - 2,680
Accrued income 841,106 23,570
Prepayments 88,619 29,671
1,653,431 850,931

Linked presentation:
The directors hereby state that the entity is not obliged to support any losses, nor does it intend to do so.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 99,670 57,785
Trade creditors 404,884 234,986
Corporation tax 57,137 -
Social security and other taxes 76,797 40,660
VAT 178,705 151,330
Other creditors 17,677 9,490
Accrued expenses 92,956 11,313
927,826 505,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 193,039 110,053

John Todd Refrigeration Limited (Registered number: 04668997)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JTR Holdings Limited.