44 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 93,500 93,500 xbrli:pure xbrli:shares iso4217:GBP 01531437 2023-10-01 2024-09-30 01531437 2024-09-30 01531437 2023-09-30 01531437 2022-10-01 2023-09-30 01531437 2023-09-30 01531437 2022-09-30 01531437 core:NetGoodwill 2023-10-01 2024-09-30 01531437 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 01531437 core:FurnitureFittings 2023-10-01 2024-09-30 01531437 core:MotorVehicles 2023-10-01 2024-09-30 01531437 bus:Director2 2023-10-01 2024-09-30 01531437 core:NetGoodwill 2024-09-30 01531437 core:LandBuildings 2023-09-30 01531437 core:FurnitureFittings 2023-09-30 01531437 core:MotorVehicles 2023-09-30 01531437 core:LandBuildings 2024-09-30 01531437 core:FurnitureFittings 2024-09-30 01531437 core:MotorVehicles 2024-09-30 01531437 core:WithinOneYear 2024-09-30 01531437 core:WithinOneYear 2023-09-30 01531437 core:ShareCapital 2024-09-30 01531437 core:ShareCapital 2023-09-30 01531437 core:RetainedEarningsAccumulatedLosses 2024-09-30 01531437 core:RetainedEarningsAccumulatedLosses 2023-09-30 01531437 core:MoreThanFiveYears 2024-09-30 01531437 core:MoreThanFiveYears 2023-09-30 01531437 core:FurnitureFittings 2023-09-30 01531437 core:MotorVehicles 2023-09-30 01531437 bus:SmallEntities 2023-10-01 2024-09-30 01531437 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01531437 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01531437 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01531437 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 01531437
J. AYRE (SIDCUP) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
J. AYRE (SIDCUP) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 7
J. AYRE (SIDCUP) LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
157,339
168,495
Current assets
Stocks
8,000
8,000
Cash at bank and in hand
270,604
281,698
---------
---------
278,604
289,698
Creditors: amounts falling due within one year
7
35,175
65,041
---------
---------
Net current assets
243,429
224,657
---------
---------
Total assets less current liabilities
400,768
393,152
Provisions
Taxation including deferred tax
36,124
30,973
---------
---------
Net assets
364,644
362,179
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
363,644
361,179
---------
---------
Shareholders funds
364,644
362,179
---------
---------
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.
For the year ending 30 September 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 .
J. AYRE (SIDCUP) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr R Ayre
Director
Company registration number: 01531437
J. AYRE (SIDCUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 238 Blackfen Road, Sidcup, Kent, DA15 8PW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
Statement of cashflows
The company has taken advantage of the small companies exemptions and not prepared a statement of cash flows.
Judgements and key sources of estimation uncertainty
There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Revenue refers to the amounts earned from the Company's principal activity; that of bakers and confectioners. The revenue shown in the income statement represents amounts invoiced during the year, exclusive of Value Added Tax.
Income tax
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. 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 taxation is provided using the liability method on all timing differences, including those relating to pensions, which are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing differences will reverse.
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:
Goodwill
-
10% straight line
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
There is a fixed charge over the book debts & all fixtures, fittings and equipment.
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:
Long leasehold property
-
20% straight line
Fixtures & fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 44 (2023: 44 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
93,500
--------
Amortisation
At 1 October 2023 and 30 September 2024
93,500
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
6. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023
32,257
302,923
100,773
435,953
Additions
23,381
23,381
--------
---------
---------
---------
At 30 September 2024
32,257
326,304
100,773
459,334
--------
---------
---------
---------
Depreciation
At 1 October 2023
32,257
216,714
18,487
267,458
Charge for the year
13,966
20,571
34,537
--------
---------
---------
---------
At 30 September 2024
32,257
230,680
39,058
301,995
--------
---------
---------
---------
Carrying amount
At 30 September 2024
95,624
61,715
157,339
--------
---------
---------
---------
At 30 September 2023
86,209
82,286
168,495
--------
---------
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,473
30,319
Corporation tax
4,186
1,536
Social security and other taxes
5,366
10,186
Other creditors
4,150
23,000
--------
--------
35,175
65,041
--------
--------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Later than 5 years
16,920
16,920
--------
--------