J.C. Farley Limited 00586966 Retail of Household Furnishings false 1 December 2023 00586966 2023-12-01 2024-11-30 00586966 2023-11-30 00586966 2024-11-30 00586966 2022-12-01 2023-11-30 00586966 2022-11-30 00586966 2023-11-30 00586966 frs102-bus:FRS102 2023-12-01 2024-11-30 00586966 frs102-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 00586966 frs102-bus:FullAccounts 2023-12-01 2024-11-30 00586966 frs102-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 00586966 frs102-core:CurrentFinancialInstruments 2024-11-30 00586966 frs102-core:CurrentFinancialInstruments 2023-11-30 00586966 frs102-core:Non-currentFinancialInstruments 2024-11-30 00586966 frs102-core:Non-currentFinancialInstruments 2023-11-30 00586966 frs102-core:ShareCapital 2024-11-30 00586966 frs102-core:ShareCapital 2023-11-30 00586966 frs102-core:RetainedEarningsAccumulatedLosses 2024-11-30 00586966 frs102-core:RetainedEarningsAccumulatedLosses 2023-11-30 00586966 frs102-bus:Director1 2023-12-01 2024-11-30 00586966 frs102-core:ComputerEquipment 2023-12-01 2024-11-30 00586966 frs102-core:FurnitureFittings 2023-12-01 2024-11-30 00586966 frs102-core:Vehicles 2023-12-01 2024-11-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
00586966
J.C. Farley Limited
Unaudited Accounts
for the year ended
30 November 2024
J.C. Farley Limited
Balance Sheet
as at 30 November 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 57,732 70,947
57,732 70,947
Current assets
Stocks 144,414 167,541
Debtors 135,652 139,290
Cash at bank and in hand 7,226 125
287,292 306,956
Prepayments and accrued income: 3,452 0
Creditors: amounts falling due within one year (282,586) (309,363)
Net current assets / (liabilities) 8,158 (2,407)
Total assets less current liabilities 65,890 68,540
Creditors: amounts falling due after more than one year (33,471) (44,639)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 32,419 23,901
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 30,419 21,901
Shareholders' funds 32,419 23,901

J.C. Farley Limited
Balance Sheet
as at 30 November 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr O Farley

Director


Approved by the board on 29 August 2025

Company Number: 00586966 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit D 19-27 High Street
St. Lawrence
Ramsgate
Kent
CT11 0QW
England

J.C. Farley Limited
Notes to the Accounts
for the year ended 30 November 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on a going concern basis.

The directors have considered the future trading of the company and are satisfied that the company has the ability
to meet its liability as they fall due.
Revenue recognition
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 policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Vehicles 25% Reducing Balance
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts.

Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods.

The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
2. Employees
2024 2023
Average number of employees during the period 8 8