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REGISTERED NUMBER: 00539975 (England and Wales)













A.R. Jolly Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






A.R. Jolly Limited (Registered number: 00539975)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.R. Jolly Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: H P Jolly
A E Jolly
B H Jolly
S A Jolly





SECRETARY: H P Jolly





REGISTERED OFFICE: Gatherley Industrial Estate
Brompton On Swale
RICHMOND
North Yorkshire
DL10 7JQ





REGISTERED NUMBER: 00539975 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

A.R. Jolly Limited (Registered number: 00539975)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,526 93,728
Investment property 5 135,000 135,000
234,526 228,728

CURRENT ASSETS
Stocks 6 74,735 62,859
Debtors 7 166,108 134,818
Investments 8 29,391 36,436
Cash at bank 156,723 124,588
426,957 358,701
CREDITORS
Amounts falling due within one year 9 178,447 139,106
NET CURRENT ASSETS 248,510 219,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,036

448,323

PROVISIONS FOR LIABILITIES 11 5,349 2,748
NET ASSETS 477,687 445,575

CAPITAL AND RESERVES
Called up share capital 12 3,600 3,600
Revaluation reserve 13 9,318 9,318
Retained earnings 464,769 432,657
SHAREHOLDERS' FUNDS 477,687 445,575

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.

A.R. Jolly Limited (Registered number: 00539975)

Balance Sheet - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by:





H P Jolly - Director


A.R. Jolly Limited (Registered number: 00539975)

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

1. STATUTORY INFORMATION

A.R. Jolly 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions which are under normal market conditions.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised on the delivery of the goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation or impairment.

Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Profit and Loss Account.

Investments
Investments in shares are included at fair value.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in the Profit and Loss Account.


A.R. Jolly Limited (Registered number: 00539975)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 156,375 4,994 154,345 24,283 339,997
Additions - 1,828 - 16,320 18,148
Disposals - - - (11,783 ) (11,783 )
At 31 May 2024 156,375 6,822 154,345 28,820 346,362
DEPRECIATION
At 1 June 2023 77,886 4,994 143,605 19,784 246,269
Charge for year 4,255 375 2,985 3,735 11,350
Eliminated on disposal - - - (10,783 ) (10,783 )
At 31 May 2024 82,141 5,369 146,590 12,736 246,836
NET BOOK VALUE
At 31 May 2024 74,234 1,453 7,755 16,084 99,526
At 31 May 2023 78,489 - 10,740 4,499 93,728

A.R. Jolly Limited (Registered number: 00539975)

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

4. TANGIBLE FIXED ASSETS - continued

Tangible fixed assets are measured at cost less accumulated depreciation or impairment.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 135,000
NET BOOK VALUE
At 31 May 2024 135,000
At 31 May 2023 135,000

Investment property was valued on an open market basis by the director on 31 May 2024. The director considers that open market value has not changed significantly.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 125,682
Valuation in 2023 9,318
135,000

6. STOCKS
2024 2023
£    £   
Stocks 74,735 62,859

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,881 42,674
Directors' current accounts 15,418 -
Prepayments 33,809 92,144
166,108 134,818

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 29,391 36,436

A.R. Jolly Limited (Registered number: 00539975)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 74,526 76,970
Taxation and social security 58,824 18,117
Amounts due to related undertakings 90 90
Other creditors 250 216
Directors' current accounts 37,282 36,476
Accruals and deferred income 7,475 7,237
178,447 139,106

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,340 2,114
Between one and five years 2,535 3,875
4,875 5,989

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,349 2,748

Deferred
tax
£   
Balance at 1 June 2023 2,748
Accelerated capital allowances 2,601
Balance at 31 May 2024 5,349

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,800 Ordinary £1 2,800 2,800
400 B Ordinary £1 400 400
400 C Ordinary £1 400 400
3,600 3,600

13. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 9,318

A.R. Jolly Limited (Registered number: 00539975)

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

14. RELATED PARTY DISCLOSURES

2024 2023
£ £

Amounts due to directors 37,282 36,476
No interest has been charged.