L F Jarvis and Son Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03462154

L F Jarvis and Son Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

L F Jarvis and Son Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

L F Jarvis and Son Limited

Officers and Professional Advisers

DIRECTOR	S M Jarvis

REGISTERED OFFICE	The Corner House
	34a London Road
	Sandy
	Bedfordshire
	SG19 1HA

ACCOUNTANTS	Streets
	Chartered Accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

BANKERS	National Westminister Bank Plc
	11 High Street
	Biggleswade
	Beds
	SG18 OJE

L F Jarvis and Son Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		9,144	12,170

Current assets

Stocks		1,000	26,000
Debtors	6	1,543	15,219
Cash at bank and in hand		211,379	69,128
		----------	----------
		213,922	110,347

Creditors: amounts falling due within one year	7	111,914		39,288
		----------		----------
Net current assets			102,008	71,059
			----------	--------
Total assets less current liabilities			111,152	83,229

Provisions

Taxation including deferred tax	2,286	2,315
	----------	--------
Net assets	108,866	80,914
	----------	--------

Capital and reserves

Called up share capital	200	200
Profit and loss account	108,666	80,714
	----------	--------
Shareholders funds	108,866	80,914
	----------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

L F Jarvis and Son Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 June 2025 , and are signed on behalf of the board by:

S M Jarvis
Director

Company registration number: 03462154

L F Jarvis and Son Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Corner House, 34a London Road, Sandy, Bedfordshire, SG19 1HA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the statement of income and retained earnings represents work done during the year including estimates of amounts not invoiced but exclusive of value added tax and trade discounts. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Raw materials are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost of raw materials is calculated as the actual invoice price of goods purchased plus additional charges such as transport and handling costs.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	9,000	21,345	30,345
	-------	--------	--------
Depreciation
At 1 January 2024	8,837	9,338	18,175
Charge for the year	24	3,002	3,026
	-------	--------	--------
At 31 December 2024	8,861	12,340	21,201
	-------	--------	--------
Carrying amount
At 31 December 2024	139	9,005	9,144
	-------	--------	--------
At 31 December 2023	163	12,007	12,170
	-------	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	–	14,387
Other debtors	1,543	832
	-------	--------
	1,543	15,219
	-------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	4,279	17,682
Social security and other taxes	24,192	16,823
Other creditors	83,443	4,783
	----------	--------
	111,914	39,288
	----------	--------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	2,286	2,315
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	2,286	2,315
	-------	-------