Registered number
00317346
John Sutcliffe & Son (Grimsby) Limited
Filleted Accounts
30 September 2024
John Sutcliffe & Son (Grimsby) Limited
Registered number: 00317346
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,729 13,363
Current assets
Debtors 4 324,059 409,927
Cash at bank and in hand 706,054 573,155
1,030,113 983,082
Creditors: amounts falling due within one year 5 (448,000) (488,987)
Net current assets 582,113 494,095
Total assets less current liabilities 590,842 507,458
Provisions for liabilities (2,785) (1,628)
Net assets 588,057 505,830
Capital and reserves
Called up share capital 80 80
Redem reserve - b/fwd 150,020 150,020
Profit and loss account 437,957 355,730
Shareholders' funds 588,057 505,830
The directors are 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 directors acknowledge their 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.
A Surfleet
Director
Approved by the board on 10 June 2025
John Sutcliffe & Son (Grimsby) 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 discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised according to the date on which the services are provided.
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:
Fixtures and equipment 10%, 20% and 25% per annum straight line
Motor vehicles 20% and 25% per annum straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Fixtures and equipment Motor vehicles Total
£ £ £
Cost
At 1 October 2023 87,717 12,024 99,741
Additions 1,580 - 1,580
At 30 September 2024 89,297 12,024 101,321
Depreciation
At 1 October 2023 80,918 5,460 86,378
Charge for the year 3,200 3,014 6,214
At 30 September 2024 84,118 8,474 92,592
Net book value
At 30 September 2024 5,179 3,550 8,729
At 30 September 2023 6,799 6,564 13,363
4 Debtors 2024 2023
£ £
Trade debtors 308,452 392,549
Other debtors 15,607 17,378
324,059 409,927
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 245,930 258,385
Accruals and deferred income 73,168 71,839
Taxation and social security costs 45,200 43,051
Other creditors 83,702 115,712
448,000 488,987
6 Pension commitments
John Sutcliffe & Son (Grimsby) Limited (the company) operated a defined benefit pension arrangement called the John Sutcliffe & Son (Holdings) Limited Staff Pension and Assurance Scheme (the scheme).

During the year to 30th September 2022 the other participating company to the scheme, John Sutcliffe & Son (Holdings) Limited, was dissolved on 04/12/2021.
John Sutcliffe & Son (Grimsby) Limited is a contributory member of this scheme. The liability which attaches to John Sutcliffe & Son (Grimsby) Limited was last assessed by the pension scheme trustees at £2,000,000 on a buyout basis.

During 2019 the company successfully completed a Creditors Voluntary Arrangement (CVA) with all its creditors, including the Pension Trustees. A contribution of £100,000 was paid in that year to the Trustess within the CVA and it has been agreed, following the assessment period with the Pension Protection Fund (PPF), to pay to the PPF £400,000 over 4 years and transfer 90% of the shareholding in the company from the Trustees to the Pension Protection Fund. The assessment period was completed and the shares transferred. The £400,000 commitment has now been paid in full.
7 Controlling party
The company is wholly controlled by the directors.
8 Other information
John Sutcliffe & Son (Grimsby) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sutcliffe House
Flour Square
Grimsby
North East Lincolnshire
DN31 3LS
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