REGISTERED NUMBER: 00776267 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 September 2024

for

J.Thwaites Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Thwaites

SECRETARY:

J Thwaites

REGISTERED OFFICE:

31 Bretton Street

Savile Town

Dewsbury

West Yorkshire

WF12 9BJ

REGISTERED NUMBER:

00776267 (England and Wales)

ACCOUNTANTS:

Isaacs

Trust House C/O Isaacs

St James Business Park

5 New Augustus Street

Bradford

West Yorkshire

BD1 5LL

FIXED ASSETS

Tangible assets

4

443,667

481,663

Investment property

5

774,555

774,555

1,218,222

1,256,218

CURRENT ASSETS

Debtors

6

975,097

815,832

Cash at bank and in hand

6,024

7,822

981,121

823,654

CREDITORS

Amounts falling due within one year

7

1,127,408

486,609

NET CURRENT (LIABILITIES)/ASSETS

(146,287

)

337,045

TOTAL ASSETS LESS CURRENT LIABILITIES

1,071,935

1,593,263

CREDITORS

Amounts falling due after more than one year

8

-

(518,596

)

PROVISIONS FOR LIABILITIES

10

(50,678

)

(50,678

)

NET ASSETS

1,021,257

1,023,989

CAPITAL AND RESERVES

Called up share capital

11

1,400

1,400

Capital redemption reserve

2,800

2,800

Retained earnings

1,017,057

1,019,789

SHAREHOLDERS' FUNDS

1,021,257

1,023,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 September 2025 and were signed by:

J Thwaites - Director

1.	STATUTORY INFORMATION

J.Thwaites 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 buildings

-

in accordance with the property and at varying rates on cost

Plant and machinery etc

-

20% on cost and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 4 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 29 September 2023

184,094

97,267

44,190

247,766

573,317

Additions

-

8,840

-

-

8,840

Disposals

-

-

-

(30,000

)

(30,000

)

At 28 September 2024

184,094

106,107

44,190

217,766

552,157

DEPRECIATION

At 29 September 2023

18,474

32,326

12,481

28,373

91,654

Charge for year

1,137

4,268

1,667

12,014

19,086

Eliminated on disposal

-

-

-

(2,250

)

(2,250

)

At 28 September 2024

19,611

36,594

14,148

38,137

108,490

NET BOOK VALUE

At 28 September 2024

164,483

69,513

30,042

179,629

443,667

At 28 September 2023

165,620

64,941

31,709

219,393

481,663

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 September 2023

and 28 September 2024

774,555

NET BOOK VALUE

At 28 September 2024

774,555

At 28 September 2023

774,555

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

975,097

815,832

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

702,289

91,156

Hire purchase contracts (see note 9)

57,427

21,433

Trade creditors

59,593

149,098

Taxation and social security

208,016

212,237

Other creditors

100,083

12,685

1,127,408

486,609

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

447,295

Hire purchase contracts (see note 9)

-

71,301

-

518,596

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

174,722

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

57,427

21,433

Between one and five years

-

71,301

57,427

92,734

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

50,678

50,678

Deferred

tax

£

Balance at 29 September 2023

50,678

Balance at 28 September 2024

50,678

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,400

Ordinary

1

1,400

1,400

12.	RELATED PARTY DISCLOSURES

As at 30 September 2024, the company was owed £481,836.31 (2023 - £544,641.18) by companies in which J Thwaites, the director of this company, is also a director and shareholder. All balances were interest free and considered to be repayable on demand.