Company Registration No. 01451249 (England and Wales)
Jarshire Limited
Unaudited financial statements
for the year ended 30 September 2024
Pages for filing with the registrar
Jarshire Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Jarshire Limited
Statement of financial position
As at 30 September 2024
30 September 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,705
19,862
Current assets
Stocks
62,193
72,046
Debtors
4
229,960
346,586
Cash at bank and in hand
88,989
183,035
381,142
601,667
Creditors: amounts falling due within one year
5
(158,972)
(260,578)
Net current assets
222,170
341,089
Net assets
235,875
360,951
Capital and reserves
Called up share capital
6
10,000
10,000
Profit and loss reserves
225,875
350,951
Total equity
235,875
360,951

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 June 2025 and are signed on its behalf by:
Nicholas Jobson
Director
Company Registration No. 01451249
Jarshire Limited
Notes to the financial statements
For the year ended 30 September 2024
2
1
Accounting policies
Company information

Jarshire Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lime Barn Blounts Farm, Blounts Court Road, Sonning Common, Oxfordshire, RG4 9PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
30% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Jarshire Limited
Notes to the financial statements (continued)
For the year ended 30 September 2024
1
Accounting policies (continued)
3
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Jarshire Limited
Notes to the financial statements (continued)
For the year ended 30 September 2024
1
Accounting policies (continued)
4
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
Jarshire Limited
Notes to the financial statements (continued)
For the year ended 30 September 2024
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
26,730
Disposals
(1,176)
At 30 September 2024
25,554
Depreciation and impairment
At 1 October 2023
6,868
Depreciation charged in the year
5,959
Eliminated in respect of disposals
(978)
At 30 September 2024
11,849
Carrying amount
At 30 September 2024
13,705
At 30 September 2023
19,862
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
205,107
341,586
Corporation tax recoverable
19,273
-
0
Other debtors
5,580
5,000
229,960
346,586
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
113,770
175,301
Corporation tax
-
0
19,273
Other taxation and social security
38,865
60,002
Other creditors
6,337
6,002
158,972
260,578
Jarshire Limited
Notes to the financial statements (continued)
For the year ended 30 September 2024
6
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' Ordinary shares of £1 each
1,500
1,500
1,500
1,500
'B' Ordinary shares of £1 each
1,500
1,500
1,500
1,500
'C' Ordinary shares of £1 each
7,000
7,000
7,000
7,000
10,000
10,000
10,000
10,000

The 'A', 'B' and 'C' Ordinary shares allow different rates of dividends to be declared on each class of share but rank pari passu in all other respects.

7
Related party transactions

Included within other debtors at the year end is an amount of £580 (2023 - £nil) owed from the directors and shareholders of the company.

 

Included within other creditors at the year end is an amount of £10 (2023 - £10) owed to the directors and shareholders of the company.

8
Control

The ultimate controlling interest in the company is held by the Jobson family.

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