REGISTERED NUMBER: 01143923 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

E.C. Joseph & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Joseph

Mrs J Joseph

REGISTERED OFFICE:

119 St. Owen Street

Hereford

HR1 2JW

REGISTERED NUMBER:

01143923 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

199,689

199,095

CURRENT ASSETS

Stocks

520

530

Debtors

5

374,384

376,082

Cash at bank

41,060

25,630

415,964

402,242

CREDITORS

Amounts falling due within one year

6

71,055

75,478

NET CURRENT ASSETS

344,909

326,764

TOTAL ASSETS LESS CURRENT LIABILITIES

544,598

525,859

PROVISIONS FOR LIABILITIES

2,848

2,384

NET ASSETS

541,750

523,475

CAPITAL AND RESERVES

Called up share capital

300

300

Revaluation reserve

7

164,193

164,193

Retained earnings

377,257

358,982

541,750

523,475

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.

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 4 September 2025 and were signed on its behalf by:

Mrs J Joseph - Director

A P Joseph - Director

1.	STATUTORY INFORMATION

E.C. Joseph & Sons 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.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

180,000

46,074

76,613

21,815

324,502

Additions

-

3,146

-

-

3,146

At 31 December 2024

180,000

49,220

76,613

21,815

327,648

DEPRECIATION

At 1 January 2024

-

32,078

74,429

18,900

125,407

Charge for year

-

1,714

547

291

2,552

At 31 December 2024

-

33,792

74,976

19,191

127,959

NET BOOK VALUE

At 31 December 2024

180,000

15,428

1,637

2,624

199,689

At 31 December 2023

180,000

13,996

2,184

2,915

199,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

374,384

376,082

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

39,198

51,720

Taxation and social security

27,263

19,627

Other creditors

4,594

4,131

71,055

75,478

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

164,193

8.	RELATED PARTY DISCLOSURES

Included in other debtors is and amount owed by a company, in which a director of E.C. Joseph & Sons Ltd is also a director. The balance at the end of the year was £368,383 (2023 - £369,471). Interest is charged at the base rate.