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REGISTERED NUMBER: 07485172 (England and Wales)









Financial Statements

for the Year Ended 31 December 2024

for

JENSONR+ LIMITED

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JENSONR+ LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J W Hall
L Regenold
S A Ware
B W Schuler





REGISTERED OFFICE: Fishleigh Court
Fishleigh Road
Barnstaple
Devon
EX31 3UD





REGISTERED NUMBER: 07485172 (England and Wales)





AUDITORS: Gravita Audit Western Limited
Chartered Accountants and Statutory Auditors
3 Southernhay West
Exeter
Devon
EX1 1JG

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,547 299,821
69,547 299,821

CURRENT ASSETS
Debtors 6 1,254,195 857,900
Cash at bank and in hand 447,429 398,873
1,701,624 1,256,773
CREDITORS
Amounts falling due within one year 7 (815,013 ) (685,716 )
NET CURRENT ASSETS 886,611 571,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,158

870,878

PROVISIONS FOR LIABILITIES (17,000 ) (88,273 )
NET ASSETS 939,158 782,605

CAPITAL AND RESERVES
Called up share capital 294 294
Capital redemption reserve 9 6 6
Retained earnings 9 938,858 782,305
939,158 782,605

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





T L Rowe - Director


JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. COMPANY INFORMATION

JensonR+ 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Principal activity
The principal activity of the company is the provision of pharmaceutical services.

2. 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumption are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Turnover
Turnover is measured at the fair value of consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Training costs-20% straight line

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:

Freehold property-2% straight line
Furniture and equipment-25% reducing balance
Software-33.33% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smaller identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Work in progress - accrued income
Work in progress - accrued income is measured on the basis of estimated selling prices.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can been estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost,

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 41 ) .

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Training
costs
£   
COST
At 1 January 2024
and 31 December 2024 40,545
AMORTISATION
At 1 January 2024
and 31 December 2024 40,545
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 270,606 324,064 47,420 642,090
Additions - 21,506 - 21,506
Disposals (270,606 ) - - (270,606 )
At 31 December 2024 - 345,570 47,420 392,990
DEPRECIATION
At 1 January 2024 43,316 252,924 46,029 342,269
Charge for year - 23,099 1,391 24,490
Eliminated on disposal (43,316 ) - - (43,316 )
At 31 December 2024 - 276,023 47,420 323,443
NET BOOK VALUE
At 31 December 2024 - 69,547 - 69,547
At 31 December 2023 227,290 71,140 1,391 299,821

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,010,583 508,206
Amounts owed by group undertakings - 112,433
Other debtors 243,612 237,261
1,254,195 857,900

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 56,784 -
Trade creditors 102,345 127,995
Amounts owed to group undertakings 170,684 120,747
Taxation and social security 272,695 177,257
Other creditors 212,505 259,717
815,013 685,716

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 24,613 8,007
Between one and five years 86,167 2,613
110,780 10,620

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 782,305 6 782,311
Profit for the year 656,553 656,553
Dividends (500,000 ) (500,000 )
At 31 December 2024 938,858 6 938,864

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Capital redemption reserve:

This reserve records the nominal value of shares repurchased by the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jade Quaintance FCA BA (Senior Statutory Auditor)
for and on behalf of Gravita Audit Western Limited

JENSONR+ LIMITED (REGISTERED NUMBER: 07485172)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. RELATED PARTY TRANSACTIONS

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE PARENT UNDERTAKING

The company is under the control of JensonR+ Holdings Limited, its parent company. The registered office is Fishleigh Court, Fishleigh Road, Barnstaple, Devon, EX31 3UD.