REGISTERED NUMBER: 01429668 (England and Wales)

Jack Sayers Products Limited

Unaudited Financial Statements

for the year ended

31 December 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

Report of the Accountants

7

FIXED ASSETS

Tangible assets

4

402,950

403,893

CURRENT ASSETS

Stocks

100,019

130,971

Debtors

5

50,620

111,046

Cash in hand

-

491

150,639

242,508

CREDITORS

Amounts falling due within one year

6

(236,444

)

(260,813

)

NET CURRENT LIABILITIES

(85,805

)

(18,305

)

TOTAL ASSETS LESS CURRENT LIABILITIES

317,145

385,588

CREDITORS

Amounts falling due after more than one year

7

(132,699

)

(147,017

)

NET ASSETS

184,446

238,571

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

307,774

307,774

Retained earnings

(124,328

)

(70,203

)

SHAREHOLDERS' FUNDS

184,446

238,571

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 23 September 2025 and were signed on its behalf by:

Mrs G C Hayhoe - Director

1.	STATUTORY INFORMATION

Jack Sayers Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01429668

Registered office:

Fengate

Marsham

Norwich

Norfolk

NR10 5PT

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 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.

Freehold property

-

At directors valuation

Plant and machinery

-

15% - 20% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

400,000

472,574

872,574

Additions

-

172

172

At 31 December 2024

400,000

472,746

872,746

DEPRECIATION

At 1 January 2024

-

468,681

468,681

Charge for year

-

1,115

1,115

At 31 December 2024

-

469,796

469,796

NET BOOK VALUE

At 31 December 2024

400,000

2,950

402,950

At 31 December 2023

400,000

3,893

403,893

Cost or valuation at 31 December 2024 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 1983

27,700

-

27,700

Valuation in 2018

176,665

-

176,665

Cost

195,635

472,746

668,381

400,000

472,746

872,746

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

195,635

195,635

Freehold land and buildings were valued on an open market basis basis on 31 July 1983 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

47,136

107,562

Other debtors

3,484

3,484

50,620

111,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

25,708

34,146

Trade creditors

55,141

84,914

Taxation and social security

15,118

12,561

Other creditors

140,477

129,192

236,444

260,813

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

132,699

147,017

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

48,670

65,717

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

4,701

12,590

Bank loans

153,706

168,573

158,407

181,163

Bank borrowings are secured by a fixed and floating charge dated 26 September 2003 and a specific legal charge dated 28 January 2004 over the company's freehold property.

9.	RELATED PARTY DISCLOSURES

Included in creditors is £133,621 (2023: £124,190) payable to the directors. This is interest free and there are no fixed repayment terms.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

TC Group

Accountants

Yare House

62-64 Thorpe Road

Norwich

Norfolk

NR1 1RY

23 September 2025