Company No: 06563060 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	399,885		319,602
		399,885		319,602
Current assets
Stocks	4	281,237		310,003
Debtors	5	80,797		90,305
Investments		700		700
Cash at bank and in hand		506,821		421,966
		869,555		822,974
Creditors: amounts falling due within one year	6	( 262,010)		( 224,233)
Net current assets		607,545		598,741
Total assets less current liabilities		1,007,430		918,343
Creditors: amounts falling due after more than one year	7	( 50,657)		( 50,822)
Provision for liabilities		( 71,938)		( 51,121)
Net assets		884,835		816,400
Capital and reserves
Called-up share capital	8	100		100
Other reserves		50,583		51,283
Profit and loss account		834,152		765,017
Total shareholders' funds		884,835		816,400

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of WP and J Jenkin Limited (registered number: 06563060) were approved and authorised for issue by the Board of Directors on 19 November 2025. They were signed on its behalf by:

Mr W P Jenkin Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

WP and J Jenkin Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is Mudgeon Farm, St Martin, Helston, Cornwall, TR12 6BZ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Office equipment	4 years straight line
Other property, plant and equipment	10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	137,158		530,171		5,500		1,909		47,962		722,700
Additions	0		142,552		0		0		0		142,552
Disposals	0		( 83,900)		0		0		0		( 83,900)
At 31 March 2025	137,158		588,823		5,500		1,909		47,962		781,352
Accumulated depreciation
At 01 April 2024	21,695		344,415		5,345		1,909		29,734		403,098
Charge for the financial year	2,743		45,040		31		0		1,823		49,637
Disposals	0		( 71,268)		0		0		0		( 71,268)
At 31 March 2025	24,438		318,187		5,376		1,909		31,557		381,467
Net book value
At 31 March 2025	112,720		270,636		124		0		16,405		399,885
At 31 March 2024	115,463		185,756		155		0		18,228		319,602
Leased assets included above:
Net book value
At 31 March 2025	0		92,648		0		0		0		92,648
At 31 March 2024	0		102,396		0		0		0		102,396

Included in land and buildings is leasehold improvements with a net book value of £112,720 (2024 £115,463).

4. Stocks

	2025		2024
	£		£
Stocks	281,237		310,003

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

	2025		2024
	£		£
Trade debtors	49,186		75,325
Other debtors	31,611		14,980
	80,797		90,305

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	138,045		108,273
Taxation and social security	23,534		27,189
Obligations under finance leases and hire purchase contracts	0		21,369
Other creditors	100,431		67,402
	262,010		224,233

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

	2025		2024
	£		£
Other creditors	50,657		50,822

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100