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REGISTERED NUMBER: 00706210 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Jeavons Bros. Limited

Jeavons Bros. Limited (Registered number: 00706210)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jeavons Bros. Limited

Company Information
for the Year Ended 31 October 2024







Director: A P F Jeavons





Registered office: Breach Farm
Stoulton
Worcestershire
WR7 4QW





Registered number: 00706210 (England and Wales)





Accountants: Crowthers Chartered Accountants
1 Ripple Court
Brockeridge Park
Tewkesbury
Gloucestershire
GL20 6FG

Jeavons Bros. Limited (Registered number: 00706210)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 459,851 463,456

CURRENT ASSETS
Stocks 84,212 131,449
Debtors 5 764,075 624,302
848,287 755,751
CREDITORS
Amounts falling due within one year 6 392,802 341,636
NET CURRENT ASSETS 455,485 414,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

915,336

877,571

PROVISIONS FOR LIABILITIES 53,226 53,226
NET ASSETS 862,110 824,345

CAPITAL AND RESERVES
Called up share capital 8 4,000 4,000
Capital redemption reserve 4,000 4,000
Undistributable reserves 9 181,625 181,625
Retained earnings 672,485 634,720
SHAREHOLDERS' FUNDS 862,110 824,345

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 director acknowledges his 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.

Jeavons Bros. Limited (Registered number: 00706210)

Balance Sheet - 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 director and authorised for issue on 28 February 2025 and were signed by:





A P F Jeavons - Director


Jeavons Bros. Limited (Registered number: 00706210)

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

1. STATUTORY INFORMATION

Jeavons Bros. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - NIL
Short leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Jeavons Bros. Limited (Registered number: 00706210)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
Cost
At 1 November 2023 300,000 238,155 199,777
Additions - - 2,125
At 31 October 2024 300,000 238,155 201,902
Depreciation
At 1 November 2023 - 86,601 193,800
Charge for year - 3,031 1,215
At 31 October 2024 - 89,632 195,015
Net book value
At 31 October 2024 300,000 148,523 6,887
At 31 October 2023 300,000 151,554 5,977

Jeavons Bros. Limited (Registered number: 00706210)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 November 2023 95,762 1,500 835,194
Additions - - 2,125
At 31 October 2024 95,762 1,500 837,319
Depreciation
At 1 November 2023 89,837 1,500 371,738
Charge for year 1,484 - 5,730
At 31 October 2024 91,321 1,500 377,468
Net book value
At 31 October 2024 4,441 - 459,851
At 31 October 2023 5,925 - 463,456

The freehold property was revalued in 1995 which resulted in an increase in valuation of £3250 due to a sale of part of the property. The Directors have not revalued since this date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,209 14,785
Other debtors 730,866 609,517
764,075 624,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 206,822 193,055
Trade creditors 17,197 6,728
Taxation and social security 141,756 118,992
Other creditors 27,027 22,861
392,802 341,636

Jeavons Bros. Limited (Registered number: 00706210)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 206,822 193,055

Lloyds Bank Plc hold a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

Lloyds also hold a mortgage dated 30 April 2008 securing all monies due or to become due from the Company to Lloyds Bank Plc.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary 1 4,000 4,000

9. RESERVES
Undistributa
reserves
£   
At 1 November 2023
and 31 October 2024 181,625

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A P F Jeavons and Mrs M E Jeavons Decd
Balance outstanding at start of year 461,853 404,235
Amounts advanced 88,543 63,448
Amounts repaid - (5,830 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 550,396 461,853

The loan is unsecured, interest has been charged at 2.25% and the loan has no fixed repayment terms.

11. RELATED PARTY DISCLOSURES

Included within Other Debtors is an amount of £5,000 (2023: £5,000) owed by a minor shareholder in the company. This amount is repayable on demand and no interest has been charged.