REGISTERED NUMBER: 10697392 (England and Wales)

JN & DF HOYLES & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs D F Hoyles

Mr A A Hoyles

Mr N J Hoyles

Secretary:

Mrs V Hoyles

Registered office:

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Business address:

Norbreck House

Cockerham Road

Bay Horse

LANCASTER

LA2 0HE

Registered number:

10697392 (England and Wales)

Accountants:

Xeinadin

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Fixed assets

Intangible assets

4

5,833

8,333

Tangible assets

5

3,100,253

2,889,850

3,106,086

2,898,183

Current assets

Debtors

6

691,406

567,872

Cash at bank

239,364

166,768

930,770

734,640

Creditors

Amounts falling due within one year

7

807,471

680,079

Net current assets

123,299

54,561

Total assets less current liabilities

3,229,385

2,952,744

Creditors

Amounts falling due after more than one year

8

(863,848

)

(872,143

)

Provisions for liabilities

(531,687

)

(466,973

)

Accruals and deferred income

(4,050

)

(3,800

)

Net assets

1,829,800

1,609,828

Capital and reserves

Called up share capital

100

100

Retained earnings

1,829,700

1,609,728

1,829,800

1,609,828

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs D F Hoyles - Director

Mr A A Hoyles - Director

Mr N J Hoyles - Director

1.	Statutory information

JN & DF Hoyles & Sons 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tenant improvements

-

20% Straight line

Plant and machinery etc

-

25% Reducing balance and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 6 (2023 - 6 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

25,000

Amortisation

At 1 January 2024

16,667

Charge for year

2,500

At 31 December 2024

19,167

Net book value

At 31 December 2024

5,833

At 31 December 2023

8,333

5.	Tangible fixed assets

Plant and

Tenant

machinery

improvements

etc

Totals

£

£

£

Cost

At 1 January 2024

22,616

4,245,994

4,268,610

Additions

3,215

1,142,207

1,145,422

Disposals

-

(662,960

)

(662,960

)

At 31 December 2024

25,831

4,725,241

4,751,072

Depreciation

At 1 January 2024

8,762

1,369,998

1,378,760

Charge for year

4,380

545,143

549,523

Eliminated on disposal

-

(277,464

)

(277,464

)

At 31 December 2024

13,142

1,637,677

1,650,819

Net book value

At 31 December 2024

12,689

3,087,564

3,100,253

At 31 December 2023

13,854

2,875,996

2,889,850

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

689,206

565,672

Other debtors

2,200

2,200

691,406

567,872

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Hire purchase contracts

339,375

350,553

Trade creditors

16,005

49,753

Taxation and social security

208,691

191,006

Other creditors

243,400

88,767

807,471

680,079

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts

838,188

849,002

Other creditors

25,660

23,141

863,848

872,143

9.	Secured debts

Hire purchase contracts are secured on the assets to which they relate.

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A A Hoyles

Balance outstanding at start of year

40,790

(97,879

)

Amounts advanced

(51,107

)

(129,932

)

Amounts repaid

136,538

268,601

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,221

40,790

Mr N J Hoyles

Balance outstanding at start of year

30,642

(85,162

)

Amounts advanced

(60,215

)

(152,797

)

Amounts repaid

136,538

268,601

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

106,965

30,642