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COMPANY REGISTRATION NUMBER: 00731268

J.J.FIELD AND COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

J.J.FIELD AND COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 1,476,245 |  | 1,437,054

CURRENT ASSETS

Stocks | 25,546 |  | 22,422 |
Debtors | 6 | 826,349 |  | 482,111 |
Cash at bank and in hand | 429,334 |  | 524,859 |
| ------------ |  | ------------ |
| 1,281,229 |  | 1,029,392 |

CREDITORS: amounts falling due within one year | 7 | 422,345 |  | 278,695 |
| ------------ |  | ------------ |
NET CURRENT ASSETS |  | 858,884 |  | 750,697
|  | ------------ |  | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 2,335,129 |  | 2,187,751

PROVISIONS

Taxation including deferred tax |  | 235,938 |  | 225,383
|  | ------------ |  | ------------
NET ASSETS |  | 2,099,191 |  | 1,962,368
|  | ------------ |  | ------------

CAPITAL AND RESERVES

Called up share capital | 8 |  | 6,550 |  | 6,550
Profit and loss account |  | 2,092,641 |  | 1,955,818
|  | ------------ |  | ------------
SHAREHOLDERS FUNDS |  | 2,099,191 |  | 1,962,368
|  | ------------ |  | ------------

These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 .

J.J.FIELD AND COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:
G J FIELD MRS S M WALKER
Directors
Company registration number: 00731268

J.J.FIELD AND COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 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 Red Hill Garage, Prospect Row, Dudley, Worcestershire, DY2 8SG.
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 the statement of income and retained earnings. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover represents the invoiced value of services and goods supplied, stated net of value added tax, during the period. Haulage income is recognised on the date that the job is carried out, repairs income is recognised when the repair has been completed.
Taxation
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.
Fixed assets
Fixed assets are initially recorded at cost.
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:

| Land and buildings | - | 2% straight line
| Fixtures, fittings and computer equipment | - | 10% reducing balance and 20% reducing balance
| Motor vehicles | - | 20% reducing balance
| Garage equipment | - | 10% reducing balance

Land included as part of freehold property is not depreciated.
Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis, with net realisable value representing estimated selling price. Provision is made for slow moving, obsolete or damaged stock where net realisable value is less than cost.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The costs of providing pensions in respect of the company's defined contribution schemes are charged to the profit and loss account in the period to which they relate.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 18 (2024: 16 ).
5. TANGIBLE ASSETS

| Land and buildings | Fixtures, fittings and computer equipment | Motor vehicles | Garage equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 599,083 | 45,472 | 2,060,641 | 47,142 | 2,752,338
Additions | – | – | 307,543 | – | 307,543
Disposals | – | – | ( 151,214) | – | ( 151,214)
| --------- | -------- | ------------ | -------- | ------------
At 31 March 2025 | 599,083 | 45,472 | 2,216,970 | 47,142 | 2,908,667
| --------- | -------- | ------------ | -------- | ------------
Depreciation |  |  |  |  |
At 1 April 2024 | 61,075 | 34,123 | 1,191,179 | 28,907 | 1,315,284
Charge for the year | 3,238 | 1,496 | 225,852 | 1,824 | 232,410
Disposals | – | – | ( 115,272) | – | ( 115,272)
| --------- | -------- | ------------ | -------- | ------------
At 31 March 2025 | 64,313 | 35,619 | 1,301,759 | 30,731 | 1,432,422
| --------- | -------- | ------------ | -------- | ------------
Carrying amount |  |  |  |  |
At 31 March 2025 | 534,770 | 9,853 | 915,211 | 16,411 | 1,476,245
| --------- | -------- | ------------ | -------- | ------------
At 31 March 2024 | 538,008 | 11,349 | 869,462 | 18,235 | 1,437,054
| --------- | -------- | ------------ | -------- | ------------

The cost of depreciable assets included in freehold property at 31 March 2025 was £161,868 (2024 : £161,868).
6. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 552,930 | 432,012
Other debtors | 273,419 | 50,099
| --------- | ---------
| 826,349 | 482,111
| --------- | ---------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 165,346 | 111,954
Corporation tax | 96,616 | 37,405
Social security and other taxes | 77,534 | 52,542
Other creditors | 82,849 | 76,794
| --------- | ---------
| 422,345 | 278,695
| --------- | ---------

8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 6,550 | 6,550 | 6,550 | 6,550
| ------- | ------- | ------- | -------