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REGISTERED NUMBER: 01096392 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

J.M.L. Henderson Limited

J.M.L. Henderson Limited (Registered number: 01096392)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


J.M.L. Henderson Limited

Company Information
for the Year Ended 31 October 2024







Directors: A R Bunn
J Z Early





Registered office: Unit 31
Fleet Road Industrial Estate
Fleet Holbeach
Spalding
Lincolnshire
PE12 8LY





Registered number: 01096392 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J.M.L. Henderson Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

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.M.L. Henderson Limited for the year ended 31 October 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J.M.L. Henderson Limited, as a body, in accordance with the terms of our engagement letter dated 7 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of J.M.L. Henderson Limited and state those matters that we have agreed to state to the Board of Directors of J.M.L. Henderson Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.M.L. Henderson Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.M.L. Henderson 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.M.L. Henderson Limited. You consider that J.M.L. Henderson 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.M.L. Henderson 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


3 April 2025

J.M.L. Henderson Limited (Registered number: 01096392)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 899,066 892,570
Investment property 6 456,000 456,000
1,355,066 1,348,570

Current assets
Stocks 980,000 846,000
Debtors 7 825,629 737,444
Cash at bank and in hand 401,064 310,432
2,206,693 1,893,876
Creditors
Amounts falling due within one year 8 687,472 449,411
Net current assets 1,519,221 1,444,465
Total assets less current liabilities 2,874,287 2,793,035


Provisions for liabilities 29,576 74,436

Capital and reserves
Called up share capital 9 100 100
Retained earnings 2,844,611 2,718,499
Shareholders' funds 2,844,711 2,718,599
2,874,287 2,793,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J.M.L. Henderson Limited (Registered number: 01096392)

Statement of Financial Position - continued
31 October 2024


The 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





A R Bunn - Director


J.M.L. Henderson Limited (Registered number: 01096392)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. Statutory information

J.M.L. Henderson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 preparing the financial statements
These 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.

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.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the costs or valuation of an asset, less its residual value over the useful economic life of that asset as follows.

Land and buildings- 50 years straight line, land no depreciation
Plant and machinery- 25% reducing balance
Fixtures and fittings- 25% reducing balance
Motor vehicles- 25% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are measured at the lower of the cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.


J.M.L. Henderson Limited (Registered number: 01096392)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only 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.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a deduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discount present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

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 group of assets.

J.M.L. Henderson Limited (Registered number: 01096392)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 17 (2023 - 16 ) .

5. Tangible fixed assets
Fixtures
Land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 November 2023 776,887 180,890 74,497 240,897 1,273,171
Additions - 68,710 3,851 91,591 164,152
Disposals - - - (78,307 ) (78,307 )
At 31 October 2024 776,887 249,600 78,348 254,181 1,359,016
Depreciation
At 1 November 2023 110,903 120,852 49,419 99,427 380,601
Charge for year 15,538 32,187 7,232 63,545 118,502
Eliminated on disposal - - - (39,153 ) (39,153 )
At 31 October 2024 126,441 153,039 56,651 123,819 459,950
Net book value
At 31 October 2024 650,446 96,561 21,697 130,362 899,066
At 31 October 2023 665,984 60,038 25,078 141,470 892,570

6. Investment property
Total
£   
Fair value
At 1 November 2023
and 31 October 2024 456,000
Net book value
At 31 October 2024 456,000
At 31 October 2023 456,000

J.M.L. Henderson Limited (Registered number: 01096392)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. Investment property - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2023 146,084
Cost 309,916
456,000

As at 31 October 2024, the directors valued the investment properties as the same as at 31 October 2023.

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 803,148 717,355
Prepayments 22,481 20,089
825,629 737,444

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 405,450 254,518
Corporation tax 64,157 55,788
Social security and other taxes 8,954 8,308
VAT 44,074 53,288
Other creditors 1,886 1,544
Directors' loan accounts 10,949 11,677
Accrued expenses 152,002 64,288
687,472 449,411

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100