Company registration number 09678471 (England and Wales)
J AYRE (ELTHAM) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
J AYRE (ELTHAM) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
J AYRE (ELTHAM) LIMITED (REGISTERED NUMBER: 09678471)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,110
1,387
Tangible assets
4
83,349
84,297
84,459
85,684
Current assets
Stocks
7,500
7,500
Debtors
5
178,351
98,366
Cash at bank and in hand
25,802
27,175
211,653
133,041
Creditors: amounts falling due within one year
6
(165,001)
(119,740)
Net current assets
46,652
13,301
Total assets less current liabilities
131,111
98,985
Provisions for liabilities
(16,490)
(19,944)
Net assets
114,621
79,041
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
114,521
78,941
Total equity
114,621
79,041
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J AYRE (ELTHAM) LIMITED (REGISTERED NUMBER: 09678471)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Ms S Ayre
Director
J AYRE (ELTHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
J Ayre (Eltham) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor (Right) Downe House, 303 High Street, Orpington, Kent, England, BR6 0NN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover for the sale of goods is recognised when all of the following conditions are met:
- The company has transferred the significant risks and rewards of ownership to the buyer;
- the amount of turnover can be recognised reliably and;
- It is probable that the company will receive the consideration due under the transaction.
1.3
Intangible fixed assets other than goodwill
Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
20% reducing balance
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
15% reducing balance and 25% on straight line
J AYRE (ELTHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
21
23
3
Intangible fixed assets
Other
£
Cost
At 1 August 2023 and 31 July 2024
6,613
Amortisation and impairment
At 1 August 2023
5,226
Amortisation charged for the year
277
At 31 July 2024
5,503
Carrying amount
At 31 July 2024
1,110
At 31 July 2023
1,387
J AYRE (ELTHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 August 2023
140,832
14,177
6,072
161,081
Additions
13,370
1,481
14,851
Disposals
(1,750)
(1,750)
At 31 July 2024
152,452
15,658
6,072
174,182
Depreciation and impairment
At 1 August 2023
70,395
4,179
2,210
76,784
Depreciation charged in the year
10,743
2,777
977
14,497
Eliminated in respect of disposals
(448)
(448)
At 31 July 2024
80,690
6,956
3,187
90,833
Carrying amount
At 31 July 2024
71,762
8,702
2,885
83,349
At 31 July 2023
70,437
9,998
3,862
84,297
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
178,351
98,366
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
915
Trade creditors
50,635
40,398
Taxation and social security
101,063
65,475
Other creditors
13,303
12,952
165,001
119,740
J AYRE (ELTHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
7
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
15,178
8
Directors' transactions
As at the balance sheet date, there was an overdrawn directors loan account of £149,108 (2023: £62,553), which includes interest charged at £2,314 (2023: £607). This balance is included within other debtors.