John Short & Son Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 04928980

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		74,066		94,651
Investments	6		142,731		135,434

			216,797		230,085
CURRENT ASSETS
Stocks	7	12,439		8,332
Debtors	8	56,796		89,059
Cash at bank and in hand		61,813		95,177

		131,048		192,568
Creditors: Amounts Falling Due Within One Year	9	(32,146 )		(49,667 )

NET CURRENT ASSETS (LIABILITIES)			98,902		142,901

TOTAL ASSETS LESS CURRENT LIABILITIES			315,699		372,986

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(16,831 )		(21,978 )

NET ASSETS			298,868		351,008

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Revaluation reserve	12		6,681		(616 )
Profit and Loss Account			291,187		350,624

SHAREHOLDERS' FUNDS			298,868		351,008

Page 1

Page 2

John Short & Son Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Short

Director

31 July 2025

The notes on pages 4 to 7 form part of these financial statements.

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2023	1,000	(1,710 )	438,504	437,794
Profit for year	-	-	64,320	64,320

Deficit on revaluation	-	1,094	-	1,094

Other comprehensive income for the year	-	1,094	-	1,094

Total comprehensive income for the year	-	1,094	64,320	65,414

Dividends paid	-	-	(152,200)	(152,200)

As at 31 December 2023 and 1 January 2024	1,000	(616 )	350,624	351,008


Profit for year	-	-	48,251	48,251

Deficit on revaluation	-	7,297	-	7,297

Other comprehensive income for the year	-	7,297	-	7,297

Total comprehensive income for the year	-	7,297	48,251	55,548

Dividends paid	-	-	(107,688)	(107,688)

As at 31 December 2024	1,000	6,681	291,187	298,868

1. General Information

John Short & Son Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04928980 . The registered office is 3 High Street, Chasetown, Burntwood, Staffordshire, WS7 3XE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	20% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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 the asset to be recovered.

...CONTINUED

Page 4

Page 5

John Short & Son Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

ÝAverage number of employees, including directors, during the year was: 11 (2023: 11)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	50,000

As at 31 December 2024	50,000

Amortisation
As at 1 January 2024	50,000

As at 31 December 2024	50,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	686,387	152,250	838,637
Additions	-	1,429	1,429

As at 31 December 2024	686,387	153,679	840,066

Depreciation
As at 1 January 2024	630,430	113,556	743,986
Provided during the period	13,989	8,025	22,014

As at 31 December 2024	644,419	121,581	766,000

Net Book Value
As at 31 December 2024	41,968	32,098	74,066

As at 1 January 2024	55,957	38,694	94,651

Page 5

Page 6

John Short & Son Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Unlisted
	£
Cost
As at 1 January 2024	135,434
Revaluations	7,297

As at 31 December 2024	142,731

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	142,731

As at 1 January 2024	135,434

7. Stocks

	2024	2023
	£	£
Stock	12,439	8,332

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	56,796	89,059

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,900	13,825
Corporation tax	17,401	24,339
Other taxes and social security	4,063	5,864
Net wages	1,122	-
Other creditors	267	167
Accruals and deferred income	5,953	5,412
Directors' loan accounts	440	60

	32,146	49,667

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	16,831	21,978

Page 6

Page 7

John Short & Son Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

12. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	(616 )
Deficit on revaluation	7,297

As at 31 December 2024	6,681

Page 7