J & E Enterprises Limited


Directors	SPECK, Caroline Tracy
	SPECK, Emily Victoria Margaret
	SPECK, Jonathan Roger Charles


Registered Address	Highfield Hotel
	The Heads
	Keswick
	CA12 5ER


Registered Number	04993914 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	10	-
Plant and machinery	10	-
Fixtures and fittings	20	-
Vehicles	20	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. 

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	31		36

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	25,000	25,000
At 31 March 25	25,000	25,000
Amortisation and impairment
At 01 April 24	25,000	25,000
At 31 March 25	25,000	25,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 April 24	80,921	155,063	118,097	124,513	11,625	490,219
Additions	14,197	-	-	31,186	-	45,383
Disposals	-	-	(42,900)	-	-	(42,900)
At 31 March 25	95,118	155,063	75,197	155,699	11,625	492,702
Depreciation and impairment
At 01 April 24	32,599	110,596	35,811	94,388	10,465	283,859
Charge for year	4,832	4,447	15,909	11,426	840	37,454
On disposals	-	-	(16,269)	-	-	(16,269)
At 31 March 25	37,431	115,043	35,451	105,814	11,305	305,044
Net book value
At 31 March 25	57,687	40,020	39,746	49,885	320	187,658
At 31 March 24	48,322	44,467	82,286	30,125	1,160	206,360

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	333,170	333,170
At 31 March 25	333,170	333,170
Net book value
At 31 March 25	333,170	333,170
At 31 March 24	333,170	333,170

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	61,807	84,213
Other debtors	49	450
Prepayments and accrued income	21,107	19,743
Total	82,963	104,406

7.	Debtors: amounts due after one year

	2025	2024
	£	£
Prepayments and accrued income	-	1,144
Total	-	1,144

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	79,420	50,887
Bank borrowings and overdrafts	102,926	65,273
Taxation and social security	34,208	29,298
Finance lease and HP contracts	9,900	9,728
Other creditors	24,153	131,803
Accrued liabilities and deferred income	84,105	75,637
Total	334,712	362,626


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	350,000	350,000
Other creditors	32,333	42,233
Total	382,333	392,233


	Bank loans are secured on personal property owned by the directors. Finance lease and Hire Purchase contracts amounting to £32,333 (2024 - £42,233) are included within other creditors. Hire Purchase creditors are secured by the asset to which they relate.

10.	Provisions for liabilities
	The provision for deferred tax is made up of £29,900 in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	29,900	34,800
Total	29,900	34,800

11.	Directors advances, credits and guarantees
	On 1 April 2024 a Director owed the Company £nil. During the period this director was advanced £14,429 and repaid £14,429. As at 31 March 2025 this Director owed the Company £Nil. Interest of £101 was charged on this loan. The loan is unsecured and repayable upon demand. On 1 April 2024 a Director owed the Company £nil. During the period this director was advanced £11,776 and repaid £11,776. As at 31 March 2025 this Director owed the Company £Nil. Interest of £65 was charged on this loan. The loan is unsecured and repayable upon demand.

11.

Directors advances, credits and guarantees

On 1 April 2024 a Director owed the Company £nil. During the period this director was advanced £14,429 and repaid £14,429. As at 31 March 2025 this Director owed the Company £Nil. Interest of £101 was charged on this loan. The loan is unsecured and repayable upon demand.

On 1 April 2024 a Director owed the Company £nil. During the period this director was advanced £11,776  and repaid £11,776. As at 31 March 2025 this Director owed the Company £Nil. Interest of £65 was charged on this loan. The loan is unsecured and repayable upon demand.

12.	Related party transactions
	During the year a director had a loan account with the company. At the balance sheet date the company owed the director £24 (2024 £8,162), This loan is unsecured, interest free and repayable upon demand. During the year a director had a loan account with the company. At the balance sheet date the company owed the director £21 (2024 £3,831), This loan is unsecured, interest free and repayable upon demand. During the year a director had a loan account with the company. At the balance sheet date the company owed the director £20,230 (2024 £117,876), This loan is unsecured, interest free and repayable upon demand. During the year the company continued to loan funds interest free to Shills of Cockermouth Limited, its subsidiary undertaking. At the balance sheet date the company was owed £61,906 (2024 - £84,313) by Shills of Cockermouth Limited. During the year the directors rented a property to the company. The rent paid was £nil (2024 £80,000).

12.

Related party transactions

During the year a director had a loan account with the company. At the balance sheet date the company owed the director £24 (2024 £8,162), This loan is unsecured, interest free and repayable upon demand.

During the year a director had a loan account with the company. At the balance sheet date the company owed the director £21 (2024 £3,831), This loan is unsecured, interest free and repayable upon demand.

During the year a director had a loan account with the company. At the balance sheet date the company owed the director £20,230 (2024 £117,876), This loan is unsecured, interest free and repayable upon demand.

During the year the company continued to loan funds interest free to Shills of Cockermouth Limited, its subsidiary undertaking. At the balance sheet date the company was owed £61,906 (2024 - £84,313) by Shills of Cockermouth Limited.

During the year the directors rented a property to the company. The rent paid was £nil (2024 £80,000).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		187,658		206,360
Investments	5		333,170		333,170
			520,828		539,530
Current assets
Stocks		9,300		7,840
Debtors	6,7	82,963		105,550
Cash at bank and on hand		147,327		137,140
		239,590		250,530
Creditors amounts falling due within one year	8	(334,712)		(362,626)
Net current assets (liabilities)			(95,122)		(112,096)
Total assets less current liabilities			425,706		427,434
Creditors amounts falling due after one year	9		(382,333)		(392,233)
Provisions for liabilities	10		(29,900)		(34,800)
Net assets			13,473		401
Capital and reserves
Called up share capital			100		100
Profit and loss account			13,373		301
Shareholders' funds			13,473		401