Registered number
01930783
J & C HOWARTH (WHOLESALE) LIMITED
Filleted Accounts
30 September 2024
J & C HOWARTH (WHOLESALE) LIMITED
Registered number: 01930783
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 471,340 470,885
Current assets
Stocks 140,000 125,000
Debtors 4 97,590 139,184
Cash at bank and in hand 62,347 69,574
299,937 333,758
Creditors: amounts falling due within one year 5 (444,558) (456,094)
Net current liabilities (144,621) (122,336)
Total assets less current liabilities 326,719 348,549
Creditors: amounts falling due after more than one year 6 (16,540) (40,684)
Provisions for liabilities (36,400) (37,200)
Net assets 273,779 270,665
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 50,837 21,699
Profit and loss account 222,842 248,866
Shareholders' funds 273,779 270,665
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J C Howarth
Director
Approved by the board on 16 June 2025
J & C HOWARTH (WHOLESALE) LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses that are recoverable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Solar panels 5% straight line
Fixtures, fittings and equipment 10% on reducing balance
Motor vehicles 25% on reducing balance
Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Stocks
Stock is valued by the director at cost or estimated realisable value if lower. Cost is calculated using the first in, first out (FIFO) basis.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.
Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 18
3 Tangible fixed assets
Investment Properties Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 275,162 366,744 219,299 861,205
Additions - 999 - 999
Surplus on revaluation 34,838 - - 34,838
Disposals - (844) - (844)
At 30 September 2024 310,000 366,899 219,299 896,198
Depreciation
At 1 October 2023 - 275,585 114,735 390,320
Charge for the year - 8,685 26,143 34,828
On disposals - (290) - (290)
At 30 September 2024 - 283,980 140,878 424,858
Net book value
At 30 September 2024 310,000 82,919 78,421 471,340
At 30 September 2023 275,162 91,159 104,564 470,885
The investment properties were valued by the director of the company. The historic cost of the properties is £253,463 (2023 - £253,463).
4 Debtors 2024 2023
£ £
Trade debtors 94,532 112,038
Participator's loan - 23,879
Other debtors 3,058 3,267
97,590 139,184
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 24,143 30,197
Trade creditors 284,966 295,955
Taxation and social security costs 17,284 7,254
Director's loan account 23,540 35,087
Participators' loan accounts 10,584 3,500
Other creditors 84,041 84,101
444,558 456,094
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 16,540 40,684
7 Loans 2024 2023
£ £
Creditors include:
Secured Obligations under finance lease and hire purchase contracts 40,683 70,881
The obligations under hire purchase contracts are secured on the assets to which the loan relates.
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 21,699 21,699
Gain on revaluation of land and buildings 34,838 -
Deferred taxation arising on the revaluation of land and buildings (5,700) -
At 30 September 2024 50,837 21,699
9 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 38,214 -
10 Related party transactions
The following transactions occurred with an owner of a participating interest in the company:
Advances during the year £6,903 (2023 - £35,704)
Repayment of advances during the year £29,972 (2023 - £11,825)

The loan is unsecured, interest free and repayable on demand.
11 Other information
J & C HOWARTH (WHOLESALE) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Claylands Avenue
Dukeries Industrial Estate
Worksop
Nottinghamshire
S81 7DL
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