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Registration number: 00548626

J Pockley Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

J Pockley Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

J Pockley Limited

Company Information

Directors

Mr J C Pockley

Mrs S J Proctor

Mrs A J Pockley

Mr C J Pockley

Registered office

Camerton Farm
Main Road
Camerton
Hull
HU12 9NQ

Accountants

Botterill & Co
Chartered Certified AccountantsFirst Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

 

J Pockley Limited

(Registration number: 00548626)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

80,219

86,266

Current assets

 

Stocks

5

97,206

92,064

Debtors

6

15,247

14,827

Cash at bank and in hand

 

54,096

45,272

 

166,549

152,163

Creditors: Amounts falling due within one year

7

(86,913)

(64,841)

Net current assets

 

79,636

87,322

Total assets less current liabilities

 

159,855

173,588

Provisions for liabilities

(970)

(1,710)

Net assets

 

158,885

171,878

Capital and reserves

 

Called up share capital

8

30,000

30,000

Retained earnings

128,885

141,878

Shareholders' funds

 

158,885

171,878

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

 

J Pockley Limited

(Registration number: 00548626)
Balance Sheet as at 30 June 2024

.........................................
Mr J C Pockley
Director

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Camerton Farm
Main Road
Camerton
Hull
HU12 9NQ
United Kingdom

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

2% of cost

Motor Vehicles

25% of written down value

Fixtures and Fittings

10% of cost

Plant and Machinery

10% of cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 7).

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

125,201

16,694

46,220

21,709

209,824

Disposals

-

-

(13,000)

-

(13,000)

At 30 June 2024

125,201

16,694

33,220

21,709

196,824

Depreciation

At 1 July 2023

47,576

15,540

40,429

20,013

123,558

Charge for the year

2,504

485

1,895

260

5,144

Eliminated on disposal

-

-

(12,097)

-

(12,097)

At 30 June 2024

50,080

16,025

30,227

20,273

116,605

Carrying amount

At 30 June 2024

75,121

669

2,993

1,436

80,219

At 30 June 2023

77,625

1,154

5,791

1,696

86,266

Included within the net book value of land and buildings above is £75,121 (2023 - £77,625) in respect of freehold land and buildings.
 

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Stocks

2024
£

2023
£

Other inventories

97,206

92,064

6

Debtors

Current

2024
£

2023
£

Trade debtors

12,074

10,593

Prepayments

2,010

1,989

Other debtors

1,163

2,245

 

15,247

14,827

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

58,279

44,772

Taxation and social security

8,720

646

Accruals and deferred income

2,526

3,850

Other creditors

17,388

15,573

86,913

64,841

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

30,000

30,000

30,000

30,000

       

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1.20 (2023 - £1.23) per each Ordinary Shares

36,000

37,000

 

 

10

Related party transactions

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Transactions with directors

2024

At 1 July 2023
£

Repayments by director
£

At 30 June 2024
£

Amounts owed to the directors

15,572

1,540

17,112

 

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

Amounts owed to the directors

12,508

3,064

15,572

 

 

J Pockley Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,350

12,350

Contributions paid to money purchase schemes

42,183

38,184

54,533

50,534