John Norton & Son (Sheffield) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03325425 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOHN NORTON & SON (SHEFFIELD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M Sayles

REGISTERED OFFICE:

21a Sandygate Road

Sheffield

South Yorkshire

S10 5NG

REGISTERED NUMBER:

03325425 (England and Wales)

ACCOUNTANTS:

Procter and Co Accountants Ltd

Chartered Accountants

21A Sandygate Road

Sheffield

South Yorkshire

S10 5NG

FIXED ASSETS

Tangible assets

4

308,207

316,366

CURRENT ASSETS

Debtors

5

47,007

49,047

Cash at bank and in hand

25,296

110,150

72,303

159,197

CREDITORS

Amounts falling due within one year

6

(6,736

)

(4,235

)

NET CURRENT ASSETS

65,567

154,962

TOTAL ASSETS LESS CURRENT
LIABILITIES

373,774

471,328

PROVISIONS FOR LIABILITIES

(39,687

)

(39,687

)

NET ASSETS

334,087

431,641

CAPITAL AND RESERVES

Called up share capital

7

2

Revaluation reserve

8

141,991

146,169

Retained earnings

192,094

285,470

SHAREHOLDERS' FUNDS

334,087

431,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 14 November 2025 and were signed by:

Mrs M Sayles - Director

1.	STATUTORY INFORMATION

John Norton & Son (Sheffield) 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

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.

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 2 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

404,200

961

405,161

DEPRECIATION

At 1 April 2024

88,336

459

88,795

Charge for year

8,084

75

8,159

At 31 March 2025

96,420

534

96,954

NET BOOK VALUE

At 31 March 2025

307,780

427

308,207

At 31 March 2024

315,864

502

316,366

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

property

machinery

Totals

£

Valuation in 2006

24,300

-

24,300

Valuation in 2005

130,378

-

130,378

Valuation in 2004

54,199

-

54,199

Cost

195,323

961

196,284

404,200

961

405,161

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

195,323

Aggregate depreciation

69,222

65,316

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

45,982

39,202

Other debtors

1,025

9,845

47,007

49,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

1,277

Taxation and social security

-

723

Other creditors

6,736

2,235

6,736

4,235

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

146,169

Revaluation release

(4,178

)

At 31 March 2025

141,991

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mrs M Sayles

Balance outstanding at start of year

-

Amounts advanced

2,069

-

Amounts repaid

(2,069

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

No interest has been charged on the director's loan.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Sayles.