Wesley Jardine & Co Limited - Filleted accounts

Registered number

NI053710

Wesley Jardine & Co Limited

Filleted Accounts

Year Ended

31 March 2025

Wesley Jardine & Co Limited
Registered number:		NI053710
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,426,938			1,079,273

Current assets
Stocks and work in progress		318,905			353,845
Debtors	4	2,004,923			1,384,335
Cash at bank and in hand		139,122			189,451
		2,462,950			1,927,631

Creditors: amounts falling due within one year	5	(786,915)			(503,392)

Net current assets			1,676,035			1,424,239

Total assets less current liabilities			3,102,973			2,503,512

Creditors: amounts falling due after more than one year	6		(489,294)			(92,229)



Net assets			2,613,679			2,411,283

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,613,677			2,411,281

Shareholders' funds			2,613,679			2,411,283

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Wesley Jardine
Director
Approved by the board on 28 November 2025

Wesley Jardine & Co Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% straight line
	Motor vehicles	25% straight line

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Work in progress is valued at net saleable value.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			18		12


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	2,132,613		161,482		2,294,095
	Additions	776,302		65,000		841,302
	Disposals	(477,850)		-		(477,850)
	At 31 March 2025	2,431,065		226,482		2,657,547

	Depreciation
	At 1 April 2024	1,129,490		85,332		1,214,822
	Charge for the year	163,985		41,282		205,267
	On disposals	(189,480)		-		(189,480)
	At 31 March 2025	1,103,995		126,614		1,230,609

	Net book value
	At 31 March 2025	1,327,070		99,868		1,426,938
	At 31 March 2024	1,003,123		76,150		1,079,273


4	Debtors			2025		2024
£					£

	Trade debtors			887,425		731,986
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,071,211		407,621
	Other debtors			46,287		244,728
				2,004,923		1,384,335


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			212,620		79,037
	Trade creditors			418,156		241,614
	Corporation tax			110,981		141,986
	Other taxes and social security costs			22,643		12,848
	Other creditors			22,515		27,907
				786,915		503,392


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			489,294		92,229


7	Events after the reporting date

	There have been no events since the balance sheet date which would require the financial statements to be restated.


8	Contingent liabilities

	As far as the director is aware there are no contingent liabilities at 31st March 2025 not provided for in the accounts.



9	Related party transactions
	There have been no transactions outside the normal course of business.


10	Controlling party

	The ultimate controlling party is Mr Wesley Jardine, director.


11	Other information

	Wesley Jardine & Co Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	10c Marcus Square
	Newry
	Co. Down
	BT34 1AE