REGISTERED NUMBER: 00698173 (England and Wales)

JOHN E.HAITH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs R L Haith

D J Haith

S H King

SECRETARY:

Mrs R L Haith

REGISTERED OFFICE:

The Bird Food Centre Bolingbroke Road

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0WA

REGISTERED NUMBER:

00698173 (England and Wales)

ACCOUNTANTS:

Clark Hearsey

Chartered Certified Accountants

Fairfield Enterprise Centre

Lincoln Way

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0LS

FIXED ASSETS

Intangible assets

4

6,450

7,257

Tangible assets

5

1,474,967

1,475,672

Investment property

6

25,000

25,000

1,506,417

1,507,929

CURRENT ASSETS

Stocks

277,322

263,468

Debtors

7

31,786

31,489

Cash at bank and in hand

69,667

115,193

378,775

410,150

CREDITORS

Amounts falling due within one year

8

304,750

196,263

NET CURRENT ASSETS

74,025

213,887

TOTAL ASSETS LESS CURRENT LIABILITIES

1,580,442

1,721,816

CREDITORS

Amounts falling due after more than one year

9

(24,175

)

(34,143

)

PROVISIONS FOR LIABILITIES

(33,800

)

(40,300

)

NET ASSETS

1,522,467

1,647,373

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Preference share capital

20

20

Capital redemption reserve

55

55

Retained earnings

1,521,392

1,646,298

1,522,467

1,647,373

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd September 2025 and were signed on its behalf by:

Mrs R L Haith - Director

1.	STATUTORY INFORMATION

John E.Haith 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

not provided

Plant and machinery etc

-

25% on reducing balance 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

8,063

AMORTISATION

At 1st January 2024

806

Charge for year

807

At 31st December 2024

1,613

NET BOOK VALUE

At 31st December 2024

6,450

At 31st December 2023

7,257

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

1,263,542

1,349,399

2,612,941

Additions

33,334

-

33,334

At 31st December 2024

1,296,876

1,349,399

2,646,275

DEPRECIATION

At 1st January 2024

-

1,137,269

1,137,269

Charge for year

-

34,039

34,039

At 31st December 2024

-

1,171,308

1,171,308

NET BOOK VALUE

At 31st December 2024

1,296,876

178,091

1,474,967

At 31st December 2023

1,263,542

212,130

1,475,672

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

25,000

NET BOOK VALUE

At 31st December 2024

25,000

At 31st December 2023

25,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

30,957

24,594

Other debtors

829

6,895

31,786

31,489

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

199,152

126,488

Amounts owed to group undertakings

171

171

Taxation and social security

43,995

13,221

Other creditors

61,432

56,383

304,750

196,263

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

24,175

34,143