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REGISTERED NUMBER: 00265470 (England and Wales)















J.B.EVERATT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


J.B.EVERATT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J P Nothard
J L Nothard
A T Nothard
D Nothard





SECRETARY: J L Nothard





REGISTERED OFFICE: Manor Farm
Garthorpe
Nr Scunthorpe
Lincs
DN17 4AA





REGISTERED NUMBER: 00265470 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,276,406 1,293,283
Investment property 6 160,000 160,000
1,436,406 1,453,283

CURRENT ASSETS
Valuation 125,718 205,724
Debtors 7 119,435 189,712
245,153 395,436
CREDITORS
Amounts falling due within one year 8 271,058 378,853
NET CURRENT (LIABILITIES)/ASSETS (25,905 ) 16,583
TOTAL ASSETS LESS CURRENT LIABILITIES 1,410,501 1,469,866

CREDITORS
Amounts falling due after more than one year 9 (111,566 ) (136,391 )

PROVISIONS FOR LIABILITIES (197,922 ) (201,075 )
NET ASSETS 1,101,013 1,132,400

CAPITAL AND RESERVES
Called up share capital 11 80,000 80,000
Revaluation reserve 740,886 740,886
Retained earnings 280,127 311,514
SHAREHOLDERS' FUNDS 1,101,013 1,132,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 20 February 2025 and were signed on its behalf by:





J P Nothard - Director


J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

J.B.Everatt 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 as modified by the revaluation of certain assets.

Revenue
Revenue represents net invoiced sales of produce, excluding value added tax.

Sales of produce are recognised upon despatch.

Intangible assets
Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Valuation
Valuation is stated at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

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 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.

J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the income statement 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.

Basic payment
The Basic payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 41,471
AMORTISATION
At 1 June 2023
and 31 May 2024 41,471
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1,073,412 853,973 1,927,385
Additions - 16,900 16,900
At 31 May 2024 1,073,412 870,873 1,944,285
DEPRECIATION
At 1 June 2023 8,601 625,501 634,102
Charge for year 257 33,520 33,777
At 31 May 2024 8,858 659,021 667,879
NET BOOK VALUE
At 31 May 2024 1,064,554 211,852 1,276,406
At 31 May 2023 1,064,811 228,472 1,293,283

J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

The company has taken advantage of the exemption available under paragraph 35.10 (d) Section 1A of FRS 102 to use a previous GAAP revaluation of freehold land and buildings as deemed cost.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 160,000
NET BOOK VALUE
At 31 May 2024 160,000
At 31 May 2023 160,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 108,505
Cost 51,495
160,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,662 -
Other debtors 44,773 189,712
119,435 189,712

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 121,281 124,839
Hire purchase contracts 16,825 21,201
Trade creditors 19,248 130,496
Taxation and social security 18,630 32,294
Other creditors 95,074 70,023
271,058 378,853

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 88,000 96,000
Hire purchase contracts 23,566 40,391
111,566 136,391

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 56,000 64,000

J.B.EVERATT LIMITED (REGISTERED NUMBER: 00265470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 113,281 116,839
Bank loans 96,000 104,000
Hire purchase contracts 40,391 61,592
249,672 282,431

The bank overdraft and loan are secured by fixed and floating charges over the company's freehold land and buildings.

Hire purchase agreements are secured by a fixed charge over the relevant asset.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80,000 Ordinary £1 80,000 80,000

12. RELATED PARTY DISCLOSURES

During the year ended 31 May 2024 the company invoiced management charges totalling £108,333 (2023: £108,333) to a company in which a director has a participating interest. The balance owing from this related company at 31 May 2024 was £38,806 (2023: £178,757).