| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| FOR |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| FOR |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 January 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Douglas Bank House |
| Wigan Lane |
| Wigan |
| Lancashire |
| WN1 2TB |
| BANKERS: |
| 4 Standishgate |
| Wigan |
| Lancashire |
| WN1 1UJ |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| BALANCE SHEET |
| 31 January 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| BALANCE SHEET - continued |
| 31 January 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| J.J. Bullen (Plant and Equipment) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements for the year ended 31 January 2017 have been prepared under the going concern basis. In making this assessment the directors have considered the companies future, not limited to the next twelve months, and as such feel that the going concern basis is appropriate. |
| Turnover |
| Turnover represents the net invoice value of work done, excluding value added tax. |
| Tangible fixed assets |
| Yard & Office | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Plant and machinery and Motor Vehicles are valued by the directors at estimated market value and any difference between book value and estimated market value is written off to the profit and loss account as depreciation. Any increase in net book values are treated as revaluations and credited to a revaluation reserve. In the opinion of the directors, this treatment is required so that the pattern in which the asset's economic benefits are consumed by the company are correctly accounted for and to enable the financial statements to give a true and fair view. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan |
| accounts, trade creditors, accruals and hire purchase agreements. |
| Financial instruments that are payable or receivable within one year, typically Directors' loan accounts, trade |
| creditors,accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received. |
| 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. |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Yard & | Plant and | and | Motor |
| Office | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 February 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 January 2025 |
| DEPRECIATION |
| At 1 February 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 January 2025 is represented by: |
| Fixtures |
| Yard & | Plant and | and | Motor |
| Office | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost | 339,434 | 1,348,382 | 75,742 | 554,423 | 2,317,981 |
| The net book value of tangible fixed assets includes £ 248,000 (2024 - £ 357,000 ) in respect of assets held under hire purchase contracts. |
| 5. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 97,174 | 7,183 |
| Other creditors |
| Directors' loan accounts | 6,889 | 6,889 |
| Accrued expenses |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts (see note 9) |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 91,872 | 129,113 |
| The company's bankers, Handelsbanken hold a fixed and floating charge over all the property and undertaking of the company. |
| The loan is secured by way of mortgage over the property known as Carr Hall Farm, Carr Hall Lane , Lathom, Ormskirk, L40 4BT and guarantee by the company's parent company J J Bullen Holdings Ltd and |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 307,324 | 343,334 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2024 |
| Charged to profit and loss | (36,010 | ) |
| Balance at 31 January 2025 |
| J.J. BULLEN (PLANT AND EQUIPMENT) |
| LIMITED (REGISTERED NUMBER: 01632120) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2025 |
| 12. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2024 | 1,642,492 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 January 2025 | 1,684,981 |
| 13. | RELATED PARTY DISCLOSURES |
| During the year the company paid dividends of £150,000 (2024 - £150,000) to the parent company J.J. Bullen Holdings Ltd. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is R J Bullen. |
| R J Bullen is the ultimate controlling party due to his controlling interest in the holding company J.J. Bullen Holdings Ltd. |