BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The nature of the company's operations and principal activities is that of lightning protection and stone restoration. 9 January 2025 0 0 NI610882 2024-08-31 NI610882 2023-08-31 NI610882 2022-08-31 NI610882 2023-09-01 2024-08-31 NI610882 2022-09-01 2023-08-31 NI610882 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI610882 uk-curr:PoundSterling 2023-09-01 2024-08-31 NI610882 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI610882 uk-bus:FullAccounts 2023-09-01 2024-08-31 NI610882 uk-bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 NI610882 uk-bus:Director2 2023-09-01 2024-08-31 NI610882 uk-bus:Director3 2023-09-01 2024-08-31 NI610882 uk-bus:CompanySecretary1 2023-09-01 2024-08-31 NI610882 uk-bus:RegisteredOffice 2023-09-01 2024-08-31 NI610882 uk-bus:Agent1 2023-09-01 2024-08-31 NI610882 uk-core:ShareCapital 2024-08-31 NI610882 uk-core:ShareCapital 2023-08-31 NI610882 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI610882 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI610882 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI610882 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI610882 uk-bus:FRS102 2023-09-01 2024-08-31 NI610882 uk-core:LandBuildings 2023-09-01 2024-08-31 NI610882 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI610882 uk-core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 NI610882 uk-core:MotorVehicles 2023-09-01 2024-08-31 NI610882 uk-core:CurrentFinancialInstruments 2024-08-31 NI610882 uk-core:CurrentFinancialInstruments 2023-08-31 NI610882 uk-core:WithinOneYear 2024-08-31 NI610882 uk-core:WithinOneYear 2023-08-31 NI610882 uk-core:EmployeeBenefits 2023-08-31 NI610882 uk-core:EmployeeBenefits 2023-09-01 2024-08-31 NI610882 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 NI610882 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-08-31 NI610882 uk-core:OtherDeferredTax 2024-08-31 NI610882 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-08-31 NI610882 uk-core:EmployeeBenefits 2024-08-31 NI610882 2023-09-01 2024-08-31 NI610882 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI610882
 
 
J & J Mowbray Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2024
J & J Mowbray Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Joseph Mowbray
Martina Mowbray
Joeanne Wilson
 
 
Company Secretary Joseph Mowbray
 
 
Company Registration Number NI610882
 
 
Registered Office and Business Address 5 Kenbella Parade
Belfast
BT15 5DX
 
 
Accountants MCI Chartered Accountants
Sentinel House
13 Pump Street
Derry
BT47 6JG
 
 
Bankers Danske Bank
  PO Box 183
  Donegal Square West
  Belfast
  BT1 6JS



J & J Mowbray Limited
Company Registration Number: NI610882
BALANCE SHEET
as at 31 August 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 329,952 252,553
───────── ─────────
 
Current Assets
Stocks 5 5,000 5,000
Debtors 6 376,474 337,357
Cash and cash equivalents 2,248,826 1,880,013
───────── ─────────
2,630,300 2,222,370
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Creditors: amounts falling due within one year 7 (206,351) (157,153)
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Net Current Assets 2,423,949 2,065,217
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Total Assets less Current Liabilities 2,753,901 2,317,770
 
Provisions for liabilities 9 (18,037) (1,867)
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Net Assets 2,735,864 2,315,903
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Capital and Reserves
Called up share capital 100 100
Statement of income and retained earnings 2,735,764 2,315,803
───────── ─────────
Shareholders' Funds 2,735,864 2,315,903
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Statement of Income and Retained Earnings and Directors' Report.
           
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 9 January 2025 and signed on its behalf by
           
           
           
Joseph Mowbray          
Director          
           



J & J Mowbray Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
J & J Mowbray Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI610882. The registered office of the company is 5 Kenbella Parade, Belfast, BT15 5DX which is also the principal place of business of the company. The nature of the company's operations and principal activities is that of lightning protection and stone restoration. The financial statements have been presented in Pounds sterling (£) which is also the functional currency of the company
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax. The policy adopted for the recognition of turnover is as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from lightning protection and stone restoration is recognised by reference to the stage of completion of the contract at the Balance sheet date. The stage of completion is measured to labour hours completed and materials consumed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 15% Reducing balance
  Fixtures, fittings and equipment - 25% Reducing balance
  Motor vehicles - 25% Reducing balance
 
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent
of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimated the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current markets assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the statement of income and retained earnings, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect in respect of all timing difference that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits different from those in which they are recognised in the financial statements.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Statement of Income and Retained Earnings.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 9, (2023 - 9).
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 September 2023 242,674 20,000 3,042 25,775 291,491
Additions 53,169 - 17,300 18,300 88,769
  ───────── ───────── ───────── ───────── ─────────
At 31 August 2024 295,843 20,000 20,342 44,075 380,260
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 September 2023 - 19,156 2,163 17,619 38,938
Charge for the financial year - 211 4,545 6,614 11,370
  ───────── ───────── ───────── ───────── ─────────
At 31 August 2024 - 19,367 6,708 24,233 50,308
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 August 2024 295,843 633 13,634 19,842 329,952
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 August 2023 242,674 844 879 8,156 252,553
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Materials 5,000 5,000
  ═════════ ═════════
 
If stocks were stated at replacement cost (latest purchase price) they would not differ materially from the above.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 306,808 256,583
Amounts owed by connected parties (Note 10) 731 731
Subcontractors tax 11,440 6,520
Taxation and social security costs (Note 8) 4,800 22,436
Prepayments and accrued income 2,695 1,087
Amounts due from customers for contract work 50,000 50,000
  ───────── ─────────
  376,474 337,357
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 13,655 16,538
Taxation and social security costs (Note 8) 181,696 130,115
Accruals 11,000 10,500
  ───────── ─────────
  206,351 157,153
  ═════════ ═════════
       
8. Taxation and social security 2024 2023
  £ £
 
Debtors:
VAT 4,800 22,436
  ═════════ ═════════
Creditors:
Corporation tax 178,830 123,816
PAYE / NI 2,866 6,299
  ───────── ─────────
  181,696 130,115
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 1,867 1,867 1,981
Charged to profit and loss 16,170 16,170 (114)
  ───────── ───────── ─────────
At financial year end 18,037 18,037 1,867
  ═════════ ═════════ ═════════
           
10. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
J & J Mowbray Properties Limited 731 - 731 -
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