J WILLEY & CO LIMITED


Directors	PHILBIN, Claire
	RAMSDALE, Philip


Registered Address	3/4 Station Road
	South Elmsall
	Pontefract
	WF9 2HP


Registered Number	09753073 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		542,515		548,465
Tangible assets	4		127,735		111,089
			670,250		659,554
Current assets
Debtors	5	260,905		302,367
Cash at bank and on hand		69,632		71,621
		330,537		373,988
Creditors amounts falling due within one year	6	(405,775)		(462,795)
Net current assets (liabilities)			(75,238)		(88,807)
Total assets less current liabilities			595,012		570,747
Creditors amounts falling due after one year	7		(138,136)		(134,801)
Net assets			456,876		435,946
Capital and reserves
Called up share capital			75,000		75,000
Revaluation reserve			135,000		115,000
Profit and loss account			246,876		245,946
Shareholders' funds	8		456,876		435,946

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 September 2025, and are signed on its behalf by:

RAMSDALE, Philip
Director
Registered Company No. 09753073

J WILLEY & CO LIMITED

Notes to the Financial Statements
for the year ended 31 July 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 accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are recognised as an expense in the profit or loss statement on a straight-line basis over the period of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		9

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 August 24	595,000	595,000
At 31 July 25	595,000	595,000
Amortisation and impairment
At 01 August 24	46,535	46,535
Charge for year	5,950	5,950
At 31 July 25	52,485	52,485
Net book value
At 31 July 25	542,515	542,515
At 31 July 24	548,465	548,465

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	100,000	22,228	19,554	141,782
Revaluations	20,000	-	-	20,000
At 31 July 25	120,000	22,228	19,554	161,782
Depreciation and impairment
At 01 August 24	-	15,512	15,181	30,693
Charge for year	-	1,007	2,347	3,354
At 31 July 25	-	16,519	17,528	34,047
Net book value
At 31 July 25	120,000	5,709	2,026	127,735
At 31 July 24	100,000	6,716	4,373	111,089


	The property was revalued in December 2024, resulting in an increase in value of £20,000 to £120,000. The surplus has been credited to the revaluation reserve in accordance with FRS 102.

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	260,905	302,367
Total	260,905	302,367

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	326,690	364,872
Bank borrowings and overdrafts	13,980	33,335
Taxation and social security	51,700	31,611
Other creditors	6,906	24,948
Accrued liabilities and deferred income	6,499	8,029
Total	405,775	462,795

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	101,101	72,326
Other creditors	37,035	62,475
Total	138,136	134,801

8.	Revaluation reserve


		£
	Reserve at 01 August 24	115,000
	Revaluations of plant, property and equipment	20,000
	At 31 July 25	135,000