REGISTERED NUMBER: 08948674 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 March 2025

for

J Geraghty Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Geraghty

Mrs M Geraghty

Mr D Ireland

REGISTERED OFFICE:

Lowfields Way

Lowfields Business Park

Elland

HX5 9DA

REGISTERED NUMBER:

08948674 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

614,273

603,362

CURRENT ASSETS

Stocks

5

175,059

375,059

Debtors

6

1,459,806

1,032,886

Cash at bank

115,858

288,673

1,750,723

1,696,618

CREDITORS

Amounts falling due within one year

7

354,533

495,257

NET CURRENT ASSETS

1,396,190

1,201,361

TOTAL ASSETS LESS CURRENT LIABILITIES

2,010,463

1,804,723

CREDITORS

Amounts falling due after more than one year

8

(221,179

)

(101,581

)

PROVISIONS FOR LIABILITIES

(153,568

)

(135,547

)

NET ASSETS

1,635,716

1,567,595

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,635,616

1,567,495

SHAREHOLDERS' FUNDS

1,635,716

1,567,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2025 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 Income Statement has not been delivered.

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

Mr J Geraghty - Director

1.	STATUTORY INFORMATION

J Geraghty 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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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 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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 30 March 2024

28,783

1,108,342

13,383

Additions

-

10,290

-

Disposals

-

-

-

At 29 March 2025

28,783

1,118,632

13,383

DEPRECIATION

At 30 March 2024

-

583,171

8,868

Charge for year

-

163,751

3,266

Eliminated on disposal

-

-

-

At 29 March 2025

-

746,922

12,134

NET BOOK VALUE

At 29 March 2025

28,783

371,710

1,249

At 29 March 2024

28,783

525,171

4,515

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 30 March 2024

353,872

4,278

1,508,658

Additions

259,536

616

270,442

Disposals

(251,329

)

-

(251,329

)

At 29 March 2025

362,079

4,894

1,527,771

DEPRECIATION

At 30 March 2024

310,535

2,722

905,296

Charge for year

85,847

917

253,781

Eliminated on disposal

(245,579

)

-

(245,579

)

At 29 March 2025

150,803

3,639

913,498

NET BOOK VALUE

At 29 March 2025

211,276

1,255

614,273

At 29 March 2024

43,337

1,556

603,362

Included within the net book value above is £385,923 (2024 - £246,794), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £111,221 (2024 - £55,682).

5.

STOCKS

29.3.25

29.3.24

£

£

Stocks

175,059

375,059

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.25

29.3.24

£

£

Trade debtors

478,862

303,272

Amounts owed by associates

578,486

578,534

Other debtors

402,458

151,080

1,459,806

1,032,886

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.25

29.3.24

£

£

Hire purchase contracts

120,892

120,688

Trade creditors

139,649

239,544

Taxation and social security

86,696

65,347

Other creditors

7,296

69,678

354,533

495,257

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.3.25

29.3.24

£

£

Hire purchase contracts

221,179

101,581

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

Director 1

Balance outstanding at start of year

-

-

Amounts advanced

238,321

-

Amounts repaid

(148,590

)

-

Balance outstanding at end of year

89,731

-

Included within creditors, due within one year, is a loan from the director of £Nil (2024: £63,719). The loan is interest free and is repayable on demand.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date IP (In Phase) Electrical Engineers Ltd owed the company £164,945 (2024: £164,993). The majority shareholder of the company is the same in IP (In Phase) Electrical Engineers Ltd.

At the balance sheet date Geraghty Investments Limited owed the company £413,541 (2024: £413,541). The majority shareholder of the company is the same in Geraghty Investments Limited.