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Registration number: 01137977

J.D. Lister (Furnishers) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

J.D. Lister (Furnishers) Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

J.D. Lister (Furnishers) Limited

Company Information

Directors

P J Lister

S A Allison

J G Lee

J P Lister

L E Lister

Company secretary

C H Heaney

Registered office

12 New Yard
Clay Flatts
Workington
CA14 3YE

 

J.D. Lister (Furnishers) Limited

Directors' Report for the Year Ended 31 January 2025

The directors present their report and the financial statements for the year ended 31 January 2025.

Directors of the company

The directors who held office during the year were as follows:

P J Lister

S A Allison

J G Lee

J P Lister

L E Lister

Principal activity

The principal activity of the company is retail of furniture.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
P J Lister
Director

 

J.D. Lister (Furnishers) Limited

(Registration number: 01137977)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

226,833

201,533

Current assets

 

Stocks

6

558,166

544,440

Debtors

7

391,564

357,492

Investments

8

50,000

50,000

Cash at bank and in hand

 

577,311

533,797

 

1,577,041

1,485,729

Creditors: Amounts falling due within one year

9

(738,762)

(682,296)

Net current assets

 

838,279

803,433

Total assets less current liabilities

 

1,065,112

1,004,966

Creditors: Amounts falling due after more than one year

9

(7,500)

(17,500)

Net assets

 

1,057,612

987,466

Capital and reserves

 

Called up share capital

20,000

20,000

Retained earnings

1,037,612

967,466

Shareholders' funds

 

1,057,612

987,466

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
P J Lister
Director

 

J.D. Lister (Furnishers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 New Yard
Clay Flatts
Workington
CA14 3YE

These financial statements were authorised for issue by the Board on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

J.D. Lister (Furnishers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% straight line

Motor Vehicles

20% straight line

Office Equipment

15% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

J.D. Lister (Furnishers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 27).

4

Taxation

Tax charged/(credited) in the profit and loss account

2025
£

2024
£

Current taxation

UK corporation tax

14,893

5,857

 

J.D. Lister (Furnishers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Tangible assets

Land and buildings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

234,501

129,399

60,298

424,198

Additions

-

760

36,000

36,760

At 31 January 2025

234,501

130,159

96,298

460,958

Depreciation

At 1 February 2024

62,412

111,612

48,641

222,665

Charge for the year

4,818

3,426

3,216

11,460

At 31 January 2025

67,230

115,038

51,857

234,125

Carrying amount

At 31 January 2025

167,271

15,121

44,441

226,833

At 31 January 2024

172,089

17,787

11,657

201,533

Included within the net book value of land and buildings above is £167,271 (2024 - £172,089) in respect of freehold land and buildings.
 

6

Stocks

2025
£

2024
£

Other inventories

558,166

544,440

7

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

21,885

48,568

Amounts owed by related parties

349,443

282,559

Prepayments

 

20,236

26,365

   

391,564

357,492

8

Current asset investments

2025
£

2024
£

Other investments

50,000

50,000

 

J.D. Lister (Furnishers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

46,675

10,000

Trade creditors

 

213,387

154,053

Taxation and social security

 

61,883

78,630

Other creditors

 

416,817

439,613

 

738,762

682,296