J Scattergood & Son Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08014127

J Scattergood & Son Limited

Filleted Unaudited Financial Statements

31 March 2025

J Scattergood & Son Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	75,877	86,717
Tangible assets	6	4,622	5,136
		--------	--------
		80,499	91,853

Current assets

Stocks		106,851	124,809
Debtors	7	110,781	104,813
Cash at bank and in hand		418,476	350,057
		---------	---------
		636,108	579,679

Creditors: amounts falling due within one year	8	490,086	486,766
		---------	---------
Net current assets		146,022	92,913
		---------	---------
Total assets less current liabilities		226,521	184,766
		---------	---------
Net assets		226,521	184,766
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	226,421	184,666
	---------	---------
Shareholders funds	226,521	184,766
	---------	---------

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

J Scattergood & Son Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr RM Scattergood
Director

Company registration number: 08014127

J Scattergood & Son 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 248 Bradgate Road, Anstey, Leicester, LE7 7FD.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Fixtures and fittings	-	10% reducing balance
Motor vehicles	-	10% reducing balance
Equipment	-	10% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	216,792
	---------
Amortisation
At 1 April 2024	130,075
Charge for the year	10,840
	---------
At 31 March 2025	140,915
	---------
Carrying amount
At 31 March 2025	75,877
	---------
At 31 March 2024	86,717
	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	32,979	13,888	391	47,258
	--------	--------	----	--------
Depreciation
At 1 April 2024	28,608	13,354	160	42,122
Charge for the year	437	54	23	514
	--------	--------	----	--------
At 31 March 2025	29,045	13,408	183	42,636
	--------	--------	----	--------
Carrying amount
At 31 March 2025	3,934	480	208	4,622
	--------	--------	----	--------
At 31 March 2024	4,371	534	231	5,136
	--------	--------	----	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	23	1,095
Other debtors	110,758	103,718
	---------	---------
	110,781	104,813
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	8,550	8,188
Corporation tax	14,073	14,687
Social security and other taxes	11,048	361
Other creditors	456,415	463,530
	---------	---------
	490,086	486,766
	---------	---------

9. Director's advances, credits and guarantees

At the year end the director was owed £448,420 (2024: £454,695) by the company.