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COMPANY REGISTRATION NUMBER: 00677826
Jeffs & Walker Limited
Filleted Unaudited Financial Statements
31 December 2024
Jeffs & Walker Limited
Financial Statements
Year ended 31 December 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
Jeffs & Walker Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
278,091
Investments
6
305,000
305,000
---------
---------
305,000
583,091
Current assets
Stocks
607
3,470
Cash at bank and in hand
526,073
265,594
---------
---------
526,680
269,064
Creditors: amounts falling due within one year
7
6,254
13,099
---------
---------
Net current assets
520,426
255,965
---------
---------
Total assets less current liabilities
825,426
839,056
Provisions
Taxation including deferred tax
14,402
43,087
---------
---------
Net assets
811,024
795,969
---------
---------
Capital and reserves
Called up share capital
498
498
Fair value reserve
77,348
193,366
Profit and loss account
733,178
602,105
---------
---------
Shareholders funds
811,024
795,969
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jeffs & Walker Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 30 July 2025 , and are signed on behalf of the board by:
Mr A Connor
Director
Company registration number: 00677826
Jeffs & Walker Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 68-72 Tamworth Road, Long Eaton, Notts, NG10 3LW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% straight line
Motor vehicles
-
25% straight line
Following a revaluation, the land and buildings used in the trade are no longer depreciated as this property is increasing in value.
Investments
The investment property is included in the accounts at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
275,000
99,205
98,829
473,034
Disposals
( 275,000)
( 99,205)
( 98,829)
( 473,034)
---------
--------
--------
---------
At 31 December 2024
---------
--------
--------
---------
Depreciation
At 1 January 2024
96,114
98,829
194,943
Disposals
( 96,114)
( 98,829)
( 194,943)
---------
--------
--------
---------
At 31 December 2024
---------
--------
--------
---------
Carrying amount
At 31 December 2024
---------
--------
--------
---------
At 31 December 2023
275,000
3,091
278,091
---------
--------
--------
---------
6. Investments
Property investments
£
Cost
At 1 January 2024 and 31 December 2024
305,000
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
305,000
---------
At 31 December 2023
305,000
---------
Carrying amount at 31 December 2024 is represented by:
2024
£
Cost
227,652
Revaluation
77,348
---------
305,000
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
167
1,695
Social security and other taxes
1,872
361
Other creditors
4,215
11,043
------
--------
6,254
13,099
------
--------