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REGISTERED NUMBER: 04443032 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Jarrett Brothers Limited

Jarrett Brothers Limited (Registered number: 04443032)






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


Jarrett Brothers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D T Jarrett
A W R Jarrett





SECRETARY: Mrs L S Jarrett





REGISTERED OFFICE: The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





BUSINESS ADDRESS: Unit 2 T T Trading Estate
Hatters Lane
Chipping Sodbury
Bristol
BS37 6AA





REGISTERED NUMBER: 04443032 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Jarrett Brothers Limited (Registered number: 04443032)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,800 36,000
Tangible assets 5 23,730 31,982
58,530 67,982

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 23,025 24,091
Cash at bank 126,553 116,881
151,578 142,972
CREDITORS
Amounts falling due within one year 7 101,821 92,649
NET CURRENT ASSETS 49,757 50,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,287

118,305

CREDITORS
Amounts falling due after more than one
year

8

(9,125

)

(17,356

)

PROVISIONS FOR LIABILITIES (4,945 ) (6,830 )
NET ASSETS 94,217 94,119

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,117 94,019
SHAREHOLDERS' FUNDS 94,217 94,119

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.

Jarrett Brothers Limited (Registered number: 04443032)

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 15 January 2025 and were signed on its behalf by:





A W R Jarrett - Director


Jarrett Brothers Limited (Registered number: 04443032)

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

1. STATUTORY INFORMATION

Jarrett Brothers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifty years.

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.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

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 5 (2023 - 6 ) .

Jarrett Brothers Limited (Registered number: 04443032)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023 24,000
Amortisation for year 1,200
At 30 April 2024 25,200
NET BOOK VALUE
At 30 April 2024 34,800
At 30 April 2023 36,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 94,299 35,155 51,807 17,776 199,037
DEPRECIATION
At 1 May 2023 84,937 31,184 34,168 16,766 167,055
Charge for year 2,342 995 4,410 505 8,252
At 30 April 2024 87,279 32,179 38,578 17,271 175,307
NET BOOK VALUE
At 30 April 2024 7,020 2,976 13,229 505 23,730
At 30 April 2023 9,362 3,971 17,639 1,010 31,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,352 4,403
Other debtors 19,673 19,688
23,025 24,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,089 7,815
Trade creditors 38,103 33,866
Taxation and social security 51,950 46,296
Other creditors 3,679 4,672
101,821 92,649

Jarrett Brothers Limited (Registered number: 04443032)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,125 17,356

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,503 2,503
Between one and five years 5,634 8,137
8,137 10,640

10. OTHER FINANCIAL COMMITMENTS

Further interest of £534 will be payable on the bank loans, of which £430 is due within 1 year.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
A W R Jarrett
Balance outstanding at start of year (16 ) (11 )
Amounts repaid (22 ) (5 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38 ) (16 )