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Registered number: 04601486
Jamie Briggs Removals And Storage Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
mca business ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mrs Julie Briggs
Mr Jamie Briggs
Secretary Mrs Julie Briggs
Company Number 04601486
Registered Office Building 345 Heyford Park
Upper Heyford
Bicester
Oxfordshire
OX25 5HA
Accountants mca business ltd
4-6 The Wharf Centre
Wharf Street
Warwick
CV34 5LB
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Balance Sheet
Registered number: 04601486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,059,651 888,099
1,059,651 888,099
CURRENT ASSETS
Stocks 6 1,564 10,452
Debtors 7 546,756 527,551
Cash at bank and in hand 1,138 56,081
549,458 594,084
Creditors: Amounts Falling Due Within One Year 8 (658,267 ) (976,452 )
NET CURRENT ASSETS (LIABILITIES) (108,809 ) (382,368 )
TOTAL ASSETS LESS CURRENT LIABILITIES 950,842 505,731
Creditors: Amounts Falling Due After More Than One Year 9 (446,312 ) (239,576 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (63,173 ) (63,173 )
NET ASSETS 441,357 202,982
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 441,257 202,882
SHAREHOLDERS' FUNDS 441,357 202,982
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jamie Briggs
Director
20/12/2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jamie Briggs Removals And Storage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04601486 . The registered office is Building 345 Heyford Park, Upper Heyford, Bicester, Oxfordshire, OX25 5HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% - 10% Straight Line
Motor Vehicles 10% - 25% Reducing Balance
Fixtures & Fittings 10% - 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 30)
30 30
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 20,840
As at 30 June 2024 20,840
Amortisation
As at 1 July 2023 20,840
As at 30 June 2024 20,840
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 474,886 569,870 321,257 1,366,013
Additions 101,398 172,104 70,746 344,248
Disposals - (108,323 ) - (108,323 )
As at 30 June 2024 576,284 633,651 392,003 1,601,938
Depreciation
As at 1 July 2023 122,267 182,057 173,590 477,914
...CONTINUED
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Provided during the period 25,569 40,399 18,040 84,008
Disposals - (19,635 ) - (19,635 )
As at 30 June 2024 147,836 202,821 191,630 542,287
Net Book Value
As at 30 June 2024 428,448 430,830 200,373 1,059,651
As at 1 July 2023 352,619 387,813 147,667 888,099
6. Stocks
2024 2023
£ £
Stock 1,564 10,452
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 244,515 326,066
Prepayments and accrued income 144,451 187,866
Other debtors 13,619 13,619
Directors' loan accounts 269 -
Amounts owed by other participating interests 143,902 -
546,756 527,551
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 95,584 82,508
Trade creditors 212,231 261,154
Bank loans and overdrafts 14,711 26,486
Other loans 79,369 79,369
Corporation tax 90,491 72,159
Other taxes and social security 19,965 136,676
VAT 29,652 96,804
Other creditors 2,570 43,899
Accruals and deferred income 113,694 144,134
Directors' loan accounts - 90
Amounts owed to parent undertaking - 33,173
658,267 976,452
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 361,047 74,941
Other loans 85,265 164,635
446,312 239,576
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 95,584 82,508
Later than one year and not later than five years 361,047 74,941
456,631 157,449
456,631 157,449
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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