Jennor & Co. Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Jennor & Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05069217 . The registered office is 25 Alderbank Road, Great Sankey, Warrington, Cheshire, WA5 3DW.

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.

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:

Computer Equipment

25% Reducing Balance

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of it's financial instruments.

Financial instruments are recognised in the company's balance sheet when to company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented to the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneouly.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, bank loans, laons from fellow group companies and preference shares are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receiveable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

...CONTINUED

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Jennor & Co. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments - continued

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 year 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.

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

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2

	2	2

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	103,232

As at 31 March 2025	103,232

Net Book Value
As at 31 March 2025	103,232

As at 1 April 2024	103,232

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Jennor & Co. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	5,180

As at 31 March 2025	5,180

Depreciation
As at 1 April 2024	4,098
Provided during the period	270

As at 31 March 2025	4,368

Net Book Value
As at 31 March 2025	812

As at 1 April 2024	1,082

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,164	7,809
Other debtors	-	4,000

	7,164	11,809

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	471
Bank loans and overdrafts	1,000	1,000
Corporation tax	2,782	3,918
Other taxes and social security	343	139
Other creditors	696	18

	4,821	5,546

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	167	1,175
Corporation tax	54	-
Directors loan account	30,797	34,572

	31,018	35,747

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Jennor & Co. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Ultimate Controlling Party

The company's ultimate controlling party is Jennifer Biggs by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		103,232		103,232
Tangible Assets	5		812		1,082

			104,044		104,314
CURRENT ASSETS
Debtors	6	7,164		11,809
Cash at bank and in hand		6,437		5,419

		13,601		17,228
Creditors: Amounts Falling Due Within One Year	7	(4,821 )		(5,546 )

NET CURRENT ASSETS (LIABILITIES)			8,780		11,682

TOTAL ASSETS LESS CURRENT LIABILITIES			112,824		115,996

Creditors: Amounts Falling Due After More Than One Year	8		(31,018 )		(35,747 )

NET ASSETS			81,806		80,249

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			81,805		80,248

SHAREHOLDERS' FUNDS			81,806		80,249