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REGISTERED NUMBER: 02756475 (England and Wales)















J.F. HEWITT & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






J.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


J.F. HEWITT & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr C Hewitt
Mrs R G M Hewitt





SECRETARY: Mrs R G M Hewitt





REGISTERED OFFICE: 14 Pick Street
Shepshed
Loughborough
Leicestershire
LE12 9BB





REGISTERED NUMBER: 02756475 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

J.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,733 15,779
Investment property 5 260,000 260,000
271,733 275,779

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 19,811 23,590
Cash at bank 19,725 49,715
40,536 74,305
CREDITORS
Amounts falling due within one year 7 132,937 142,868
NET CURRENT LIABILITIES (92,401 ) (68,563 )
TOTAL ASSETS LESS CURRENT LIABILITIES 179,332 207,216

CREDITORS
Amounts falling due after more than one year 8 - (12,673 )

PROVISIONS FOR LIABILITIES (15,510 ) (16,361 )
NET ASSETS 163,822 178,182

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 118,045 118,045
Retained earnings 11 45,677 60,037
SHAREHOLDERS' FUNDS 163,822 178,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





Mr C Hewitt - Director


J.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

J.F. Hewitt & Son 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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 as modified by the revaluation of certain assets.

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

Property, plant and equipment
Property,plant and equipment are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery 15% Reducing Balance
Fixtures, fittings & equipment 15% Reducing Balance
Motor vehicles 25% Reducing Balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement.

Inventories
Work in progress is valued at the lower of cost and fair value less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

J.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease

Amounts recoverable on contracts
Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 56,471
Disposals (3,000 )
At 30 November 2024 53,471
DEPRECIATION
At 1 December 2023 40,692
Charge for year 3,684
Eliminated on disposal (2,638 )
At 30 November 2024 41,738
NET BOOK VALUE
At 30 November 2024 11,733
At 30 November 2023 15,779

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 260,000
NET BOOK VALUE
At 30 November 2024 260,000
At 30 November 2023 260,000

J.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2015 21,092
Valuation in 2019 100,000
Valuation in 2020 (20,000 )
Valuation in 2021 10,000
Valuation in 2022 10,000
Valuation in 2023 10,000
Cost 128,908
260,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 128,908 128,908

The investment property was valued on open market basis basis on 30 November 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,130 1,494
Amounts recoverable on contract 17,874 16,367
Other debtors 807 5,729
19,811 23,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,922
Trade creditors 3,880 50,186
Taxation and social security 10,879 2,405
Other creditors 118,178 87,355
132,937 142,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 12,673

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 15,595

Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

J.F. HEWITT & SON LIMITED (REGISTERED NUMBER: 02756475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2023 60,037 118,045 178,082
Profit for the year 25,640 25,640
Dividends (40,000 ) (40,000 )
At 30 November 2024 45,677 118,045 163,722

The aggregate surplus on the re-valuation of investment properties, net of associated deferred tax, is transferred to a separate non-distributable reserve in order to assist with the identification of profits available for distribution.