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REGISTERED NUMBER: 03194787 (England and Wales)















J R Pitchers Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






J R Pitchers Limited (Registered number: 03194787)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


J R Pitchers Limited

Company Information
for the Year Ended 30 September 2024







Director: M Chilvers





Secretary: M Chilvers





Registered office: 5 Selby Place
Great Yarmouth
Norfolk
NR30 3LG





Registered number: 03194787 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

J R Pitchers Limited (Registered number: 03194787)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
Fixed assets
Tangible assets 4 - 2,985

Current assets
Stocks and work in progress 5 - 1,763
Debtors 6 1,014 3,931
Cash at bank and in hand 19,949 43,652
20,963 49,346
Creditors
Amounts falling due within one year 7 4,674 15,735
Net current assets 16,289 33,611
Total assets less current liabilities 16,289 36,596

Capital and reserves
Called up share capital 30 30
Retained earnings 16,259 36,566
Shareholders' funds 16,289 36,596

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 director and authorised for issue on 27 May 2025 and were signed by:





M Chilvers - Director


J R Pitchers Limited (Registered number: 03194787)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. Statutory information

J R Pitchers 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 for goods 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 the despatch of the goods. The amount of revenue can be measured reliably and 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.


J R Pitchers Limited (Registered number: 03194787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Assets held under hire purchase or finance agreements are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 13,997 4,018 1,901 19,916
Additions 90 - - 90
Disposals (14,087 ) (4,018 ) (1,901 ) (20,006 )
At 30 September 2024 - - - -
Depreciation
At 1 October 2023 11,522 3,518 1,891 16,931
Charge for year 325 120 - 445
Eliminated on disposal (11,847 ) (3,638 ) (1,891 ) (17,376 )
At 30 September 2024 - - - -
Net book value
At 30 September 2024 - - - -
At 30 September 2023 2,475 500 10 2,985

Included within the carrying value of tangible assets are assets held under finance leases or hire purchase contracts amounting to £0 (2023 £1,550)

5. Stocks and work in progress
30/9/24 30/9/23
£    £   
Stocks - 1,763

J R Pitchers Limited (Registered number: 03194787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. Debtors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Trade debtors - 2,875
Other debtors 250 39
Tax & social security 764 -
Prepayments - 1,017
1,014 3,931

7. Creditors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Hire purchase contracts (see note 8) - 715
Trade creditors - 1,706
Corporation tax 4,385 7,320
Social security and other taxes - 3,245
Accrued expenses 289 2,749
4,674 15,735

8. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

30/9/24 30/9/23
£    £   
Net obligations repayable:
Within one year - 715

9. Ultimate controlling party

The controlling party is M Chilvers.