REGISTERED NUMBER: 05421641 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

J. And N. Feather Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Feather

SECRETARY:

Mrs N Feather

REGISTERED OFFICE:

Pear Tree Barn

Hainworth Shaw

Keighley

West Yorkshire

BD21 5QS

REGISTERED NUMBER:

05421641 (England and Wales)

ACCOUNTANTS:

Mitchell Wellock Limited

Unit 24, Skipton Auction Mart

Gargrave Road

Skipton

North Yorkshire

BD23 1UD

FIXED ASSETS

Tangible assets

4

245,870

272,652

Investments

5

371,625

364,381

617,495

637,033

CURRENT ASSETS

Stocks

25,000

21,794

Debtors

6

48,831

70,448

Cash at bank

54,541

22,585

128,372

114,827

CREDITORS

Amounts falling due within one year

7

197,179

232,767

NET CURRENT LIABILITIES

(68,807

)

(117,940

)

TOTAL ASSETS LESS CURRENT LIABILITIES

548,688

519,093

CREDITORS

Amounts falling due after more than one year

8

16,514

29,159

NET ASSETS

532,174

489,934

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

532,170

489,930

532,174

489,934

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 director acknowledges her 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 24 September 2025 and were signed by:

Mr J Feather - Director

1.	STATUTORY INFORMATION

J. And N. Feather 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

8,400

894,853

11,234

Additions

-

42,900

-

At 31 December 2024

8,400

937,753

11,234

DEPRECIATION

At 1 January 2024

-

699,813

9,559

Charge for year

-

52,547

251

At 31 December 2024

-

752,360

9,810

NET BOOK VALUE

At 31 December 2024

8,400

185,393

1,424

At 31 December 2023

8,400

195,040

1,675

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

273,977

1,326

1,189,790

Additions

-

-

42,900

At 31 December 2024

273,977

1,326

1,232,690

DEPRECIATION

At 1 January 2024

206,440

1,326

917,138

Charge for year

16,884

-

69,682

At 31 December 2024

223,324

1,326

986,820

NET BOOK VALUE

At 31 December 2024

50,653

-

245,870

At 31 December 2023

67,537

-

272,652

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

249,950

68,950

318,900

DEPRECIATION

At 1 January 2024

145,591

36,681

182,272

Charge for year

26,090

8,067

34,157

At 31 December 2024

171,681

44,748

216,429

NET BOOK VALUE

At 31 December 2024

78,269

24,202

102,471

At 31 December 2023

104,359

32,269

136,628

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

364,381

Additions

32,937

Share of profit/(loss)

(25,693

)

At 31 December 2024

371,625

NET BOOK VALUE

At 31 December 2024

371,625

At 31 December 2023

364,381

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

36,359

58,100

Other debtors

4,800

4,800

Prepayments

7,672

7,548

48,831

70,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

2,547

21,563

Trade creditors

26,446

14,135

Tax

19,546

23,104

Social security and other taxes

(44,480

)

(37,654

)

VAT

48,935

25,278

Directors' current accounts

140,760

182,675

Accrued expenses

3,425

3,666

197,179

232,767

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

16,514

26,612

Hire purchase contracts

-

2,547

16,514

29,159