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REGISTERED NUMBER: 05442095 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

J.C. ALLFREY & CO. LIMITED

J.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J.C. ALLFREY & CO. LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J C Allfrey
Mrs G A Allfrey
L Allfrey





SECRETARY: Mrs G A Allfrey





REGISTERED OFFICE: Birchlands
Glasshouse Lane
Kirdford
Billingshurst
West Sussex
RH14 0LW





REGISTERED NUMBER: 05442095 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

J.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,208 183,395

CURRENT ASSETS
Debtors 5 62,969 68,131
Cash at bank 213,478 332,593
276,447 400,724
CREDITORS
Amounts falling due within one year 6 111,869 286,510
NET CURRENT ASSETS 164,578 114,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,786

297,609

CREDITORS
Amounts falling due after more than one
year

7

(27,339

)

(21,568

)

PROVISIONS FOR LIABILITIES 9 (34,240 ) (34,845 )
NET ASSETS 283,207 241,196

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 283,205 241,194
SHAREHOLDERS' FUNDS 283,207 241,196

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.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





J C Allfrey - Director


J.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

J.c. Allfrey & Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Turnover
Turnover is measured at the rate of invoiced amounts of road and driveway contract services provided, net of VAT.

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.
Plant and machinery etc - 25% on reducing balance

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.

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.

J.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 852,742
Additions 62,048
Disposals (65,000 )
At 31 May 2024 849,790
DEPRECIATION
At 1 June 2023 669,347
Charge for year 45,525
Eliminated on disposal (45,290 )
At 31 May 2024 669,582
NET BOOK VALUE
At 31 May 2024 180,208
At 31 May 2023 183,395

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 47,225
At 31 May 2024 47,225
DEPRECIATION
Charge for year 984
At 31 May 2024 984
NET BOOK VALUE
At 31 May 2024 46,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 50,760 64,144
Other debtors 12,209 3,987
62,969 68,131

J.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts 7,871 -
Trade creditors 50,378 39,439
Taxation and social security 36,603 44,881
Other creditors 7,017 192,190
111,869 286,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 8) 11,598 21,568
Hire purchase contracts 15,741 -
27,339 21,568

8. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,598 11,568

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 34,240 34,845

Deferred
tax
£   
Balance at 1 June 2023 34,845
Accelerated Capital Allowances (605 )
Balance at 31 May 2024 34,240

J.C. ALLFREY & CO. LIMITED (REGISTERED NUMBER: 05442095)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 June 2023 241,194
Profit for the year 102,011
Dividends (60,000 )
At 31 May 2024 283,205

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs G A Allfrey
Balance outstanding at start of year (99,405 ) (81,966 )
Amounts advanced 158,050 4,131
Amounts repaid (61,715 ) (21,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,070 ) (99,405 )

J C Allfrey
Balance outstanding at start of year (91,914 ) (74,512 )
Amounts advanced 124,362 2,598
Amounts repaid (35,518 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,070 ) (91,914 )

The loans with the directors are interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

Rental payments totalling £ 10,000 ( 2023 £ 10,000) were paid to the directors in respect of land owned by them.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J C Allfrey and Mrs G Allfrey..