REGISTERED NUMBER: 01650175 (England and Wales)

JELTHAT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Harris

D J M Ludlow

REGISTERED OFFICE:

Mazda House

Leeway Industrial Estate

Newport

NP19 4SL

REGISTERED NUMBER:

01650175 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

576,734

590,826

CURRENT ASSETS

Stocks

1,795,827

1,696,913

Debtors

5

382,118

253,421

Cash at bank

-

9

2,177,945

1,950,343

CREDITORS

Amounts falling due within one year

6

2,481,443

2,231,945

NET CURRENT LIABILITIES

(303,498

)

(281,602

)

TOTAL ASSETS LESS CURRENT LIABILITIES

273,236

309,224

CREDITORS

Amounts falling due after more than one year

7

(24,084

)

(63,086

)

PROVISIONS FOR LIABILITIES

(58,624

)

(60,113

)

NET ASSETS

190,528

186,025

CAPITAL AND RESERVES

Called up share capital

9

44,100

44,100

Revaluation reserve

124,337

126,875

Retained earnings

22,091

15,050

SHAREHOLDERS' FUNDS

190,528

186,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

S Harris - Director

1.	STATUTORY INFORMATION

Jelthat 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.

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 reducing balance for buildings

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

734,202

98,490

104,913

Additions

-

5,794

937

At 31st December 2024

734,202

104,284

105,850

DEPRECIATION

At 1st January 2024

246,080

71,730

65,096

Charge for year

6,104

4,114

6,078

At 31st December 2024

252,184

75,844

71,174

NET BOOK VALUE

At 31st December 2024

482,018

28,440

34,676

At 31st December 2023

488,122

26,760

39,817

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

13,000

51,973

1,002,578

Additions

-

928

7,659

At 31st December 2024

13,000

52,901

1,010,237

DEPRECIATION

At 1st January 2024

1,950

26,896

411,752

Charge for year

1,658

3,797

21,751

At 31st December 2024

3,608

30,693

433,503

NET BOOK VALUE

At 31st December 2024

9,392

22,208

576,734

At 31st December 2023

11,050

25,077

590,826

The freehold property in the accounts was revalued by the directors on 31 December 1997 at £708,445. The original cost was £493,910 and a revaluation reserve of £214,535 was created with the surplus. The directors have taken advantage of the transitional provisions under FRS 102 Section 17 not to update the valuation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

177,238

47,274

Other debtors

148,534

101,538

VAT

-

19,224

Prepayments & accrued income

56,346

85,385

382,118

253,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

215,153

205,361

Trade creditors

1,983,962

1,815,385

Corporation Tax

11,411

11,466

Social security and other taxes

6,218

-

VAT

14,935

-

Other creditors

967

-

Directors' current accounts

111,111

93,729

Accruals and deferred income

137,686

106,004

2,481,443

2,231,945

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans due after 1 year

24,084

63,086

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

179,934

173,925

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

44,100

Ordinary A

£1

44,100

44,100