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REGISTERED NUMBER: 07983167 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MEARS AND JACKSON LIMITED

MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)






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


MEARS AND JACKSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S J Mears





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
Kent
BR3 3PP





REGISTERED NUMBER: 07983167 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,528 329,903

CURRENT ASSETS
Stocks 16,890 6,300
Debtors 5 137,664 119,725
Cash at bank 189,773 23,096
344,327 149,121
CREDITORS
Amounts falling due within one year 6 295,569 194,262
NET CURRENT ASSETS/(LIABILITIES) 48,758 (45,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,286

284,762

CREDITORS
Amounts falling due after more than one
year

7

(365,877

)

(240,819

)

PROVISIONS FOR LIABILITIES (9,444 ) (9,326 )
NET ASSETS 3,965 34,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,865 34,517
SHAREHOLDERS' FUNDS 3,965 34,617

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.

MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)

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 31 October 2024 and were signed by:





S J Mears - Director


MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Mears And Jackson 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.

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.
Short leasehold - in accordance with the property
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)

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.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2023 7,619 6,293 130,859
Additions - - 15,870
At 30 April 2024 7,619 6,293 146,729
DEPRECIATION
At 1 May 2023 6,264 4,044 52,016
Charge for year 339 562 13,019
At 30 April 2024 6,603 4,606 65,035
NET BOOK VALUE
At 30 April 2024 1,016 1,687 81,694
At 30 April 2023 1,355 2,249 78,843

MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 362,741 1,532 509,044
Additions - - 15,870
At 30 April 2024 362,741 1,532 524,914
DEPRECIATION
At 1 May 2023 116,007 810 179,141
Charge for year 1,234 91 15,245
At 30 April 2024 117,241 901 194,386
NET BOOK VALUE
At 30 April 2024 245,500 631 330,528
At 30 April 2023 246,734 722 329,903

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 12,260 336,421 348,681
DEPRECIATION
At 1 May 2023 766 92,522 93,288
Charge for year 1,724 2,899 4,623
At 30 April 2024 2,490 95,421 97,911
NET BOOK VALUE
At 30 April 2024 9,770 241,000 250,770
At 30 April 2023 11,494 243,899 255,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,607 116,868
Other debtors 19,057 2,857
137,664 119,725

MEARS AND JACKSON LIMITED (REGISTERED NUMBER: 07983167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 102,365 5,000
Hire purchase contracts 46,368 46,368
Trade creditors 39,648 56,115
Taxation and social security 9,586 4,073
Other creditors 97,602 82,706
295,569 194,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 202,246 30,417
Hire purchase contracts 163,631 210,402
365,877 240,819

8. TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £3,600 to the director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Mears.