REGISTERED NUMBER: 00681591

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jean Monro Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M. Gigon

M.J. Gomez

M P Gomez

Ms K I Hallam

SECRETARY:

M.J. Gomez

REGISTERED OFFICE:

410 The Chambers

Chelsea Harbour Design Centre

London

SW10 0XE

REGISTERED NUMBER:

00681591

ACCOUNTANTS:

PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

FIXED ASSETS

Tangible assets

3

110,190

120,651

CURRENT ASSETS

Stocks

835,943

873,934

Debtors

4

124,841

71,950

Cash at bank and in hand

218,134

4,609

1,178,918

950,493

CREDITORS

Amounts falling due within one year

5

934,445

877,502

NET CURRENT ASSETS

244,473

72,991

TOTAL ASSETS LESS CURRENT LIABILITIES

354,663

193,642

CAPITAL AND RESERVES

Called up share capital

6

10,000

10,000

Revaluation reserve

7

80,000

80,000

Retained earnings

7

264,663

103,642

SHAREHOLDERS' FUNDS

354,663

193,642

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 24 September 2025 and were signed on its behalf by:

M.J. Gomez - Director

1.	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 as modified by the revaluation of certain assets.

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 etc

-

10% on cost

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

143,247

29,650

172,897

Additions

1,110

-

1,110

At 31 December 2024

144,357

29,650

174,007

DEPRECIATION

At 1 January 2024

46,069

6,177

52,246

Charge for year

5,703

5,868

11,571

At 31 December 2024

51,772

12,045

63,817

NET BOOK VALUE

At 31 December 2024

92,585

17,605

110,190

At 31 December 2023

97,178

23,473

120,651

Cost or valuation at 31 December 2024 is represented by:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Valuation in 2023

80,000

-

80,000

Cost

64,357

29,650

94,007

144,357

29,650

174,007

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

114,495

59,438

VAT

10,346

12,512

124,841

71,950

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

29,430

Trade creditors

257,081

277,723

Amounts owed to group undertakings

571,324

529,661

Social security and other taxes

3,604

6,991

Other creditors

8,521

33,697

Accruals and deferred income

93,915

-

934,445

877,502

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

10,000

Ordinary

£1

10,000

10,000

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

103,642

80,000

183,642

Profit for the year

161,021

161,021

At 31 December 2024

264,663

80,000

344,663