Registration number:
J.T. Sawyer & Company Limited
for the Year Ended 28 February 2025
J.T. Sawyer & Company Limited
Contents
|
Company Information |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
J.T. Sawyer & Company Limited
Company Information
|
Directors |
M S Lee Mrs M J Lee |
|
Company secretary |
Mrs T B Lee |
|
Registered office |
|
|
Accountants |
|
J.T. Sawyer & Company Limited
(Registration number: 00133046)
Balance Sheet as at 28 February 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current (liabilities)/assets |
( |
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Other reserves |
|
|
|
|
Retained earnings |
( |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been 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.
Approved and authorised by the
J.T. Sawyer & Company Limited
(Registration number: 00133046)
Balance Sheet as at 28 February 2025
|
......................................... |
|
......................................... |
J.T. Sawyer & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
|
Statutory Information |
These financial statements were authorised for issue by the
J.T. Sawyer & Company Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
|
Accounting policies |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on Valuation
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 balance sheet date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
J.T. Sawyer & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
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.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
J.T. Sawyer & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
|
Tangible assets |
|
Freehold Property |
Furniture, fittings and equipment |
Computer Equipment |
Plant and Machinery |
Total |
|
|
Cost or valuation |
|||||
|
At 1 March 2024 |
|
|
|
|
|
|
At 28 February 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 March 2024 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
At 28 February 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 28 February 2025 |
|
|
|
|
|
|
At 29 February 2024 |
|
|
|
|
|
J.T. Sawyer & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Bank loans and overdrafts |
|
|
|
|
Trade creditors |
|
|
|
|
Taxation and social security |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2025 |
2024 |
|
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
|
|
|
Non Distributable reserve |
|
|
Amount of revaluation for the year |
146,368 |
|
|
|
|
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
J.T. Sawyer & Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
|
Transactions with directors |
|
2025 |
At 1 March 2024 |
Repayments by director |
At 28 February 2025 |
|
M S Lee |
|||
|
M S Lee |
|
( |
( |
|
2024 |
At 1 March 2023 |
Advances to director |
At 29 February 2024 |
|
M S Lee |
|||
|
M S Lee |
- |
|
|