2 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 11435220 2023-07-01 2024-06-30 11435220 2024-06-30 11435220 2023-06-30 11435220 2022-07-01 2023-06-30 11435220 2023-06-30 11435220 2022-06-30 11435220 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 11435220 core:MotorVehicles 2023-07-01 2024-06-30 11435220 core:NetGoodwill 2023-07-01 2024-06-30 11435220 bus:RegisteredOffice 2023-07-01 2024-06-30 11435220 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 11435220 bus:Director1 2023-07-01 2024-06-30 11435220 bus:Director2 2023-07-01 2024-06-30 11435220 core:NetGoodwill 2023-06-30 11435220 core:NetGoodwill 2024-06-30 11435220 core:FurnitureFittingsToolsEquipment 2023-06-30 11435220 core:MotorVehicles 2023-06-30 11435220 core:FurnitureFittingsToolsEquipment 2024-06-30 11435220 core:MotorVehicles 2024-06-30 11435220 core:WithinOneYear 2024-06-30 11435220 core:WithinOneYear 2023-06-30 11435220 core:AfterOneYear 2024-06-30 11435220 core:AfterOneYear 2023-06-30 11435220 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 11435220 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 11435220 core:UKTax 2023-07-01 2024-06-30 11435220 core:UKTax 2022-07-01 2023-06-30 11435220 bus:AllOrdinaryShares 2023-07-01 2024-06-30 11435220 bus:AllOrdinaryShares 2022-07-01 2023-06-30 11435220 core:ShareCapital 2024-06-30 11435220 core:ShareCapital 2023-06-30 11435220 core:RetainedEarningsAccumulatedLosses 2024-06-30 11435220 core:RetainedEarningsAccumulatedLosses 2023-06-30 11435220 core:ShareCapital 2022-06-30 11435220 core:RetainedEarningsAccumulatedLosses 2022-06-30 11435220 core:PreviouslyStatedAmount core:ShareCapital 2024-06-30 11435220 core:NetGoodwill 2023-06-30 11435220 core:MotorVehicles 2023-06-30 11435220 bus:Director1 2023-06-30 11435220 bus:Director1 2024-06-30 11435220 bus:Director1 2023-06-30 11435220 bus:Director1 2022-07-01 2023-06-30 11435220 bus:SmallEntities 2023-07-01 2024-06-30 11435220 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11435220 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11435220 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11435220 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 11435220
J.R.S & Son Limited
Unaudited filleted financial statements
30 June 2024
J.R.S & Son Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
J.R.S & Son Limited
Directors and other information
Directors Mr K A Marriner
Ms C Ridgway
Company number 11435220
Registered office Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
Accountants Murphy Collins Limited
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
J.R.S & Son Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of J.R.S & Son Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.R.S & Son Limited for the year ended 30 June 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of J.R.S & Son Limited, as a body, in accordance with the terms of our engagement letter dated 6 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of J.R.S & Son Limited and state those matters that we have agreed to state to the board of directors of J.R.S & Son Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.R.S & Son Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that J.R.S & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.R.S & Son Limited. You consider that J.R.S & Son Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of J.R.S & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Murphy Collins Limited
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
24 March 2025
J.R.S & Son Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 7 32,000 18,666
Tangible assets 8 2,848 3,796
_______ _______
34,848 22,462
Current assets
Debtors 9 24,697 42,745
Cash at bank and in hand 579 17,118
_______ _______
25,276 59,863
Creditors: amounts falling due
within one year 10 ( 40,003) ( 56,658)
_______ _______
Net current (liabilities)/assets ( 14,727) 3,205
_______ _______
Total assets less current liabilities 20,121 25,667
Creditors: amounts falling due
after more than one year 11 ( 13,729) ( 22,378)
_______ _______
Net assets 6,392 3,289
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 6,390 3,287
_______ _______
Shareholders funds 6,392 3,289
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 March 2025 , and are signed on behalf of the board by:
Mr K A Marriner
Director
Company registration number: 11435220
J.R.S & Son Limited
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 2 240 242
Profit for the year 18,047 18,047
_______ _______ _______
Total comprehensive income for the year - 18,047 18,047
Dividends paid and payable ( 15,000) ( 15,000)
_______ _______ _______
Total investments by and distributions to owners - ( 15,000) ( 15,000)
_______ _______ _______
At 30 June 2023 and 1 July 2023 2 3,287 3,289
Profit for the year 18,103 18,103
_______ _______ _______
Total comprehensive income for the year - 18,103 18,103
Dividends paid and payable ( 15,000) ( 15,000)
_______ _______ _______
Total investments by and distributions to owners - ( 15,000) ( 15,000)
_______ _______ _______
At 30 June 2024 2 6,390 6,392
_______ _______ _______
J.R.S & Son Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
A revaluation of goodwill is required due to high residual value. Amortisation of goodwill is no longer required and brought forward amortisation has been reversed.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 25,140 25,140
_______ _______
5. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 1,846 5,342
_______ _______
Tax on profit 1,846 5,342
_______ _______
6. Dividends
Equity dividends
2024 2023
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) 15,000 15,000
_______ _______
7. Intangible assets
Goodwill Total
£ £
Cost
At 1 July 2023 and 30 June 2024 32,000 32,000
_______ _______
Amortisation
At 1 July 2023 13,333 13,333
Disposals ( 13,333) ( 13,333)
_______ _______
At 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 32,000 32,000
_______ _______
At 30 June 2023 18,667 18,667
_______ _______
8. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2023 and 30 June 2024 3,822 16,000 19,822
_______ _______ _______
Depreciation
At 1 July 2023 3,822 12,203 16,025
Charge for the year - 949 949
_______ _______ _______
At 30 June 2024 3,822 13,152 16,974
_______ _______ _______
Carrying amount
At 30 June 2024 - 2,848 2,848
_______ _______ _______
At 30 June 2023 - 3,797 3,797
_______ _______ _______
9. Debtors
2024 2023
£ £
Trade debtors 23,672 41,720
Other debtors 1,025 1,025
_______ _______
24,697 42,745
_______ _______
10. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 9,158 8,279
Corporation tax 8,214 9,929
Social security and other taxes 2,651 18,224
Other creditors 19,980 20,226
_______ _______
40,003 56,658
_______ _______
11. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 13,729 22,378
_______ _______
12. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr K A Marriner ( 20,226) 16,877 ( 16,631) ( 19,980)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr K A Marriner - - ( 20,226) ( 20,226)
_______ _______ _______ _______