REGISTERED NUMBER: 01109528 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Jim Walton (Penrith) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

S Walton

J I Walton

A H Walton

SECRETARY:

S Walton

REGISTERED OFFICE:

Unit 2 Cowper Road

Gilwilly Industrial Estate

Penrith

Cumbria

CA11 9BN

REGISTERED NUMBER:

01109528 (England and Wales)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

116,080

126,714

CURRENT ASSETS

Stocks

1,355,476

1,242,265

Debtors

5

112,900

145,126

Cash at bank and in hand

107,603

2,944

1,575,979

1,390,335

CREDITORS

Amounts falling due within one year

6

450,591

267,956

NET CURRENT ASSETS

1,125,388

1,122,379

TOTAL ASSETS LESS CURRENT LIABILITIES

1,241,468

1,249,093

CREDITORS

Amounts falling due after more than one year

7

(9,794

)

(19,908

)

PROVISIONS FOR LIABILITIES

(4,957

)

(3,471

)

NET ASSETS

1,226,717

1,225,714

CAPITAL AND RESERVES

Called up share capital

360,000

360,000

Capital redemption reserve

210,000

210,000

Retained earnings

656,717

655,714

1,226,717

1,225,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2025 and were signed on its behalf by:

S Walton - Director

1.	STATUTORY INFORMATION

Jim Walton (Penrith) 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.

Land and building - 4% straight line

Plant and machinery - 15% reducing balance

Fixtures and fittings - 15% reducing balance

Motor vehicles - 20% straight line

PC equipment - 20% straight line

Amounts written off each asset over the estimated useful life represent cost less residual value.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

207,917

251,713

459,630

Additions

-

8,692

8,692

At 31st December 2024

207,917

260,405

468,322

DEPRECIATION

At 1st January 2024

103,349

229,567

332,916

Charge for year

8,317

11,009

19,326

At 31st December 2024

111,666

240,576

352,242

NET BOOK VALUE

At 31st December 2024

96,251

19,829

116,080

At 31st December 2023

104,568

22,146

126,714

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

60,787

46,079

Other debtors

52,113

99,047

112,900

145,126

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,015

80,343

Trade creditors

330,552

121,206

Taxation and social security

61,493

38,451

Other creditors

48,531

27,956

450,591

267,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

9,794

19,908