Registered number
00466095
E.John Spratley Limited
Filleted Accounts
31 December 2024
E.John Spratley Limited
Registered number: 00466095
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,442 32,782
Current assets
Stocks 222,828 280,197
Debtors 4 27,593 (7,247)
Cash at bank and in hand 253,532 234,597
503,953 507,547
Creditors: amounts falling due within one year 5 (109,632) (91,874)
Net current assets 394,321 415,673
Total assets less current liabilities 451,763 448,455
Provisions for liabilities (11,500) (11,500)
Net assets 440,263 436,955
Capital and reserves
Called up share capital 4,000 4,000
Profit and loss account 436,263 432,955
Shareholders' funds 440,263 436,955
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Spratley
Director
Approved by the board on 19 August 2025
E.John Spratley Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Generally this occurs when vehicles or parts have been supplied or a service, MOT or repair has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Leasehold land and buildings : over 10 years
Plant and machinery : 20% to 33% on cost
Motor vehicles : 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using a number or market tools common to its sector. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 54,518 281,477 11,900 347,895
Additions - 39,445 - 39,445
Disposals - - (6,200) (6,200)
At 31 December 2024 54,518 320,922 5,700 381,140
Depreciation
At 1 January 2024 44,250 267,463 3,400 315,113
Charge for the year 1,337 5,048 2,200 8,585
At 31 December 2024 45,587 272,511 5,600 323,698
Net book value
At 31 December 2024 8,931 48,411 100 57,442
At 31 December 2023 10,268 14,014 8,500 32,782
4 Debtors 2024 2023
£ £
Trade debtors 14,380 (18,575)
Other debtors 13,213 11,328
27,593 (7,247)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 42,193 23,281
Taxation and social security costs 62,416 61,887
Other creditors 5,023 6,706
109,632 91,874
6 Other information
E.John Spratley Limited is a private company limited by shares and incorporated in England. Its registered office is:
60-62 Victoria Road
Mortimer Common
Reading
Berks
RG7 3SG
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