Jarrobs Ltd Company accounts

COMPANY REGISTRATION NUMBER: 01287633

Jarrobs Ltd

Unaudited Financial Statements

31 January 2025

Jarrobs Ltd

Financial Statements

Year ended 31st January 2025

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

The following pages do not form part of the financial statements

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	12

Jarrobs Ltd

Directors' Report

Year ended 31st January 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2025 .

Directors

The directors who served the company during the year were as follows:

Mr R J Robinson
Mr R Robinson
Mr J C Robinson
Mr C A Robinson

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 25 April 2025 and signed on behalf of the board by:

Mr R J Robinson	Mr R Robinson
Director	Director

Mr J C Robinson	Mr C A Robinson
Director	Director

Registered office:

Units 1-5

Excalibur Site , Fields Road

Alsager

Stoke-on-Trent

Staffs

ST7 2LX

Jarrobs Ltd

Statement of Income and Retained Earnings

Year ended 31st January 2025

	2025	2024
Note	£	£
Turnover	20,076,594	10,103,058

Cost of sales	11,824,509	6,333,527
	-------------	-------------
Gross profit	8,252,085	3,769,531

Administrative expenses	6,460,734	3,133,377
Other operating income	24	5,244
	------------	------------
Operating profit	1,791,375	641,398

Other interest receivable and similar income		32,737	28,084
Interest payable and similar expenses		344,306	342,425
		------------	------------
Profit before taxation	6	1,479,806	327,057

Tax on profit	382,604	142,047
	------------	---------
Profit for the financial year and total comprehensive income	1,097,202	185,010
	------------	---------

Retained earnings at the start of the year	2,088,446	1,903,436
	------------	------------
Retained earnings at the end of the year	3,185,648	2,088,446
	------------	------------

All the activities of the company are from continuing operations.

Jarrobs Ltd

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		1,379,273	889,637

Current assets

Stocks		2,051,948	337,790
Debtors	8	7,691,977	1,037,168
Cash at bank and in hand		2,499,797	2,772,004
		-------------	------------
		12,243,722	4,146,962

Creditors: amounts falling due within one year	9	9,347,960		2,085,348
		-------------		------------
Net current assets			2,895,762	2,061,614
			------------	------------
Total assets less current liabilities			4,275,035	2,951,251

Creditors: amounts falling due after more than one year	10		674,410	556,091

Provisions

Taxation including deferred tax	364,727		256,464
Other provisions	10,000		10,000
	---------		---------
		374,727	266,464
		------------	------------
Net assets		3,225,898	2,128,696
		------------	------------

Capital and reserves

Called up share capital	40,000	40,000
Share premium account	250	250
Profit and loss account	3,185,648	2,088,446
	------------	------------
Shareholders funds	3,225,898	2,128,696
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31st January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jarrobs Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:

Mr R J Robinson	Mr R Robinson
Director	Director

Mr J C Robinson	Mr C A Robinson
Director	Director

Company registration number: 01287633

Jarrobs Ltd

Notes to the Financial Statements

Year ended 31st January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1-5, Excalibur Site , Fields Road, Alsager, Stoke-on-Trent, Staffs, ST7 2LX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% to 33.3% per annum reducing balance basis
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 includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 78 (2024: 67 ).

5. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	4,637,595	1,815,908
Company contributions to defined contribution pension plans	60,000	60,000
	------------	------------
	4,697,595	1,875,908
	------------	------------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	2	2
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	1,208,185	491,382
	------------	---------

6. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	282,443	266,712
	---------	---------

7. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1st February 2024	201,441	2,655,590	127,118	2,984,149
Additions	37,100	650,810	87,743	775,653
Disposals	–	( 52,742)	( 19,650)	( 72,392)
	---------	------------	---------	------------
At 31st January 2025	238,541	3,253,658	195,211	3,687,410
	---------	------------	---------	------------
Depreciation
At 1st February 2024	201,441	1,832,212	60,859	2,094,512
Charge for the year	–	263,602	18,841	282,443
Disposals	–	( 50,205)	( 18,613)	( 68,818)
	---------	------------	---------	------------
At 31st January 2025	201,441	2,045,609	61,087	2,308,137
	---------	------------	---------	------------
Carrying amount
At 31st January 2025	37,100	1,208,049	134,124	1,379,273
	---------	------------	---------	------------
At 31st January 2024	–	823,378	66,259	889,637
	---------	------------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31st January 2025	957,883
	---------
At 31st January 2024	598,097
	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	7,612,081	542,205
Other debtors	79,896	494,963
	------------	------------
	7,691,977	1,037,168
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	159,852	739,742
Trade creditors	2,272,467	191,233
Corporation tax	265,000	92,000
Social security and other taxes	1,422,092	301,780
Other creditors	5,228,549	760,593
	------------	------------
	9,347,960	2,085,348
	------------	------------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	132,716	190,419
Other creditors	541,694	365,672
	---------	---------
	674,410	556,091
	---------	---------

________

11. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	401,273	161,366
Later than 1 year and not later than 5 years	574,090	397,286
	---------	---------
	975,363	558,652
Less: future finance charges	( 82,873)	( 59,239)
	---------	---------
Present value of minimum lease payments	892,490	499,413
	---------	---------

12. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial liabilities measured at amortised cost

Bank and similar borrowings repayable in less than 12 months	59,762	739,741
Bank and similar borrowing repayable in more than 12 months	132,715	190,420
	---------	---------
	192,477	930,161
	---------	---------

13. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	122,640	94,884
Later than 1 year and not later than 5 years	20,440	71,704
	---------	---------
	143,080	166,588
	---------	---------

14. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R J Robinson	( 188,134)	102,547	( 57,944)	( 143,531)
Mr R Robinson	90,174	8,808	( 94,066)	4,916
Mr J C Robinson	( 171,109)	58,963	( 59,451)	( 171,597)
Mr C A Robinson	( 154,985)	39,386	( 57,069)	( 172,668)
	---------	---------	---------	---------
	( 424,054)	209,704	( 268,530)	( 482,880)
	---------	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R J Robinson	( 4,095)	129,914	( 313,953)	( 188,134)
Mr R Robinson	( 23,969)	453,875	( 339,732)	90,174
Mr J C Robinson	( 62,864)	230,636	( 338,881)	( 171,109)
Mr C A Robinson	( 4,599)	160,077	( 310,463)	( 154,985)
	--------	---------	------------	---------
	( 95,527)	974,502	( 1,303,029)	( 424,054)
	--------	---------	------------	---------

15. Related party transactions

Interest at 5% per annum is paid on the directors loan account credit balances.

Jarrobs Ltd

Management Information

Year ended 31st January 2025

The following pages do not form part of the financial statements.

Jarrobs Ltd

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Jarrobs Ltd

Year ended 31st January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jarrobs Ltd for the year ended 31st January 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Jarrobs Ltd, as a body , in accordance with the terms of our engagement. our work has been undertaken solely to prepare for your approval the financial statements of Jarrobs Ltd and state those matters that we have agreed to state you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www. icaew.com/compilation. To the fullest extent permitted by law, we bo not accept or assume responsibility to anyone other than Jarrobs Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jarrobs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jarrobs Ltd. You consider that Jarrobs Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Jarrobs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

DAVID W T BIRKIN & CO LTD Chartered accountants

153/155 High Street Wolstanton Newcastle Staffs ST5 0EJ

25 April 2025