2023-07-01 2024-06-30 false Capium Accounts Production 1.1 00122608 2023-07-01 2024-06-30 00122608 bus:AbridgedAccounts 2023-07-01 2024-06-30 00122608 bus:FRS102 2023-07-01 2024-06-30 00122608 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00122608 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00122608 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00122608 2023-07-01 2024-06-30 00122608 2024-06-30 00122608 bus:RegisteredOffice 2023-07-01 2024-06-30 00122608 core:WithinOneYear 2024-06-30 00122608 core:AfterOneYear 2024-06-30 00122608 1 2023-07-01 2024-06-30 00122608 bus:Director1 2023-07-01 2024-06-30 00122608 bus:Director1 2024-06-30 00122608 bus:Director1 2022-07-01 2023-06-30 00122608 bus:Director2 2023-07-01 2024-06-30 00122608 bus:Director2 2024-06-30 00122608 bus:Director2 2022-07-01 2023-06-30 00122608 2022-07-01 00122608 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 00122608 2022-07-01 2023-06-30 00122608 2023-06-30 00122608 core:WithinOneYear 2023-06-30 00122608 core:AfterOneYear 2023-06-30 00122608 bus:EntityAccountantsOrAuditors 2022-07-01 2023-06-30 00122608 core:LandBuildings 2023-07-01 2024-06-30 00122608 core:LandBuildings 2024-06-30 00122608 core:LandBuildings 2023-06-30 00122608 core:PlantMachinery 2023-07-01 2024-06-30 00122608 core:PlantMachinery 2024-06-30 00122608 core:PlantMachinery 2023-06-30 00122608 core:MotorCars 2023-07-01 2024-06-30 00122608 core:MotorCars 2024-06-30 00122608 core:MotorCars 2023-06-30 00122608 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-06-30 00122608 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 00122608 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 00122608 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 00122608 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 00122608 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 00122608 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 00122608 core:Non-currentFinancialInstruments 2024-06-30 00122608 core:Non-currentFinancialInstruments 2023-06-30 00122608 core:ShareCapital 2024-06-30 00122608 core:ShareCapital 2023-06-30 00122608 core:RevaluationReserve 2024-06-30 00122608 core:RevaluationReserve 2023-06-30 00122608 core:RetainedEarningsAccumulatedLosses 2024-06-30 00122608 core:RetainedEarningsAccumulatedLosses 2023-06-30 00122608 dpl:Item1 2023-07-01 00122608 dpl:Item1 2024-06-30 00122608 dpl:Item1 2022-07-01 00122608 dpl:Item1 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 00122608
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2024

for

J.CLEGG & BROS(RAKEWOOD)LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 175,652    195,211 
175,652    195,211 
Current assets      
Stocks 1,000    1,000 
Debtors 3,509    6,186 
Cash at bank and in hand 14,508    9,434 
19,017    16,620 
Creditors: amount falling due within one year (116,161)   (150,361)
Net current assets (97,144)   (133,741)
 
Total assets less current liabilities 78,508    61,470 
Net assets 78,508    61,470 
 

Capital and reserves
     
Called up share capital 7,010    7,010 
Reserves 4 107,385    111,885 
Profit and loss account (35,887)   (58,771)
Shareholders' funds 78,508    60,124 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 February 2025 and were signed on its behalf by:


-------------------------------
K E Clegg
Director
1
General Information
J.Clegg & Bros(Rakewood)Limited is a private company, limited by shares, registered in England and Wales, registration number 00122608, registration address Rakewood Mill, Littleborough, Lancashire, OL15 0AP.
1.

Accounting policies

Significant accounting policies
These financial statements have been prepared in compliance with FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings. The principal accounting policies are set out below.
Going concern basis
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Dividends payable are recognised as liabilities once they are no longer at the discretion of the company.
Tangible fixed assets
Tangible fixed assets are initially measured at cost, and subsequently measured at cost or valuation, net of depreciation and impairment losses.
Land is not depreciated. Depreciation is recognised on other assets so as to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold Land and Buildings 50 years Straight Line
Plant and Equipment 10% Reducing Balance
Motor Vehicles 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Freehold Land and Buildings   Plant and Equipment   Motor Vehicles   Total
  £   £   £   £
At 01 July 2023 150,000    370,713    24,934    545,647 
Additions   1,720      1,720 
Disposals (5,000)     (24,934)   (29,934)
At 30 June 2024 145,000    372,433      517,433 
Depreciation
At 01 July 2023 16,000    318,375    16,061    350,436 
Charge for year 2,000    5,406      7,406 
On disposals     (16,061)   (16,061)
At 30 June 2024 18,000    323,781      341,781 
Net book values
Closing balance as at 30 June 2024 127,000    48,652      175,652 
Opening balance as at 01 July 2023 134,000    52,338    8,873    195,211 

In accordance with paragraph 35.10(d) of FRS102, the company has elected to use a previous valuation as its deemed cost at the date of transition for freehold land and buildings. 


The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:


Freehold land and buildings 2024
£
 2023
£
Cost9,689 9,749 
Accumulated depreciation(8,529)(8,529)
Carrying value1,160 1,220 




2