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REGISTERED NUMBER: 02864339 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JENNINGS (CONTAINERS & STORAGE) LIMITED

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JENNINGS (CONTAINERS & STORAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A Greenhalgh
M D Jennings





SECRETARY: M D Jennings





REGISTERED OFFICE: Tower Estate
Warpsgrove Lane
Chalgrove
Oxford
OX44 7XZ





REGISTERED NUMBER: 02864339 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,855,705 1,943,596

CURRENT ASSETS
Stocks 5 45,469 44,854
Debtors 6 67,832 173,736
Cash at bank and in hand 7,047 487
120,348 219,077
CREDITORS
Amounts falling due within one year 7 483,926 474,019
NET CURRENT LIABILITIES (363,578 ) (254,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,492,127

1,688,654

CREDITORS
Amounts falling due after more than one
year

8

(475,089

)

(644,501

)

PROVISIONS FOR LIABILITIES (272,851 ) (273,863 )
NET ASSETS 744,187 770,290

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 743,187 769,290
SHAREHOLDERS' FUNDS 744,187 770,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:




M D Jennings - Director A Greenhalgh - Director




Mrs A Wright - Director


JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Jennings (Containers & Storage) 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.

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.

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.
Short leasehold - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Containers - 10% 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.

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.

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.

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 520,434 54,331 121,629
Additions - - 3,357
At 31 December 2024 520,434 54,331 124,986
DEPRECIATION
At 1 January 2024 10,409 34,994 36,077
Charge for year 120,000 5,569 21,795
At 31 December 2024 130,409 40,563 57,872
NET BOOK VALUE
At 31 December 2024 390,025 13,768 67,114
At 31 December 2023 510,025 19,337 85,552

Motor
vehicles Containers Totals
£    £    £   
COST
At 1 January 2024 13,215 1,970,099 2,679,708
Additions 10,000 189,916 203,273
At 31 December 2024 23,215 2,160,015 2,882,981
DEPRECIATION
At 1 January 2024 13,215 641,417 736,112
Charge for year 2,500 141,300 291,164
At 31 December 2024 15,715 782,717 1,027,276
NET BOOK VALUE
At 31 December 2024 7,500 1,377,298 1,855,705
At 31 December 2023 - 1,328,682 1,943,596

5. STOCKS
2024 2023
£    £   
Stocks 45,469 44,854

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,362 63,550
Other debtors 45,470 110,186
67,832 173,736

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,427 91,072
Finance leases 197,068 181,068
Trade creditors 152,056 102,429
Taxation and social security 35,818 26,949
Other creditors 86,557 72,501
483,926 474,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,103 353,484
Finance leases 82,224 191,017
Other creditors 366,762 100,000
475,089 644,501

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 36,103 421,952

A legal charge was registered on 28 September 2022 against the company assets, debts and rights.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000