| REGISTERED NUMBER: |
| J R Pitchers Limited |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| 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: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Current assets |
| Stocks and work in progress | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| 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 were approved by the director and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 |
| 4. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| Depreciation |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| 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 |
| Other debtors |
| Tax & social security | 764 | - |
| Prepayments |
| 7. | Creditors: amounts falling due within one year |
| 30/9/24 | 30/9/23 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Accrued expenses |
| 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 |
| 9. | Ultimate controlling party |
| The controlling party is M Chilvers. |