Company Registration No. 3215805 (England and Wales)
J & J CLOSURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
J & J CLOSURES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
J & J CLOSURES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
34,784
32,178
Current assets
Stocks
14,125
4,602
Debtors
4
30,851
41,052
Cash at bank and in hand
15,866
11,613
60,842
57,267
Creditors: amounts falling due within one year
5
(50,424)
(31,872)
Net current assets
10,418
25,395
Total assets less current liabilities
45,202
57,573
Creditors: amounts falling due after more than one year
6
(22,685)
(28,241)
Provisions for liabilities
(6,348)
(5,796)
Net assets
16,169
23,536
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
16,069
23,436
Total equity
16,169
23,536
J & J CLOSURES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 November 2025 and are signed on its behalf by:
Mr M Thornber
Director
Company registration number 3215805 (England and Wales)
J & J CLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

J & J Closures Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7, Barnfield Business Centre, Brunswick Street, Nelson, Lancashire, BB9 0HT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Moulds
15% reducing balance
Office Equipment
25% straight line & 15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

J & J CLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

J & J CLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees
2025
2024
Number
Number
Total
5
5
J & J CLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
3
Tangible fixed assets
Plant and equipment
Moulds
Office Equipment
Total
£
£
£
£
Cost
At 1 July 2024
133,568
44,438
18,141
196,147
Additions
8,618
-
0
-
0
8,618
At 30 June 2025
142,186
44,438
18,141
204,765
Depreciation and impairment
At 1 July 2024
106,445
39,872
17,652
163,969
Depreciation charged in the year
5,253
685
74
6,012
At 30 June 2025
111,698
40,557
17,726
169,981
Carrying amount
At 30 June 2025
30,488
3,881
415
34,784
At 30 June 2024
27,123
4,566
489
32,178
J & J CLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
216
330
Other debtors
30,635
40,722
30,851
41,052
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,556
5,556
Trade creditors
22,666
3,607
Amounts owed to group undertakings
11,750
-
0
Corporation tax
1,473
1,181
Other taxation and social security
5,818
18,475
Other creditors
3,161
3,053
50,424
31,872
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
22,685
28,241
Creditors which fall due after five years are payable as follows:
Payable by instalments
463
6,019
7
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
508
450

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

J & J CLOSURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
2025-06-30 2024-07-01 false false false 26 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr K Thornber Mr G Thornber Mr P Thornber Mr M Thornber Mr K Thornber 3215805 2024-07-01 2025-06-30 3215805 2025-06-30 3215805 2024-06-30 3215805 core:PlantMachinery 2025-06-30 3215805 core:FurnitureFittings 2025-06-30 3215805 core:ComputerEquipment 2025-06-30 3215805 core:PlantMachinery 2024-06-30 3215805 core:FurnitureFittings 2024-06-30 3215805 core:ComputerEquipment 2024-06-30 3215805 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 3215805 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 3215805 core:WithinOneYear 2025-06-30 3215805 core:WithinOneYear 2024-06-30 3215805 core:AfterOneYear 2025-06-30 3215805 core:AfterOneYear 2024-06-30 3215805 core:CurrentFinancialInstruments 2025-06-30 3215805 core:CurrentFinancialInstruments 2024-06-30 3215805 core:ShareCapital 2025-06-30 3215805 core:ShareCapital 2024-06-30 3215805 core:RetainedEarningsAccumulatedLosses 2025-06-30 3215805 core:RetainedEarningsAccumulatedLosses 2024-06-30 3215805 core:ShareCapitalOrdinaryShareClass1 2025-06-30 3215805 core:ShareCapitalOrdinaryShareClass1 2024-06-30 3215805 bus:Director3 2024-07-01 2025-06-30 3215805 core:PlantMachinery 2024-07-01 2025-06-30 3215805 core:FurnitureFittings 2024-07-01 2025-06-30 3215805 core:ComputerEquipment 2024-07-01 2025-06-30 3215805 2023-07-01 2024-06-30 3215805 core:PlantMachinery 2024-06-30 3215805 core:FurnitureFittings 2024-06-30 3215805 core:ComputerEquipment 2024-06-30 3215805 2024-06-30 3215805 core:Non-currentFinancialInstruments 2025-06-30 3215805 core:Non-currentFinancialInstruments 2024-06-30 3215805 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 3215805 bus:FRS102 2024-07-01 2025-06-30 3215805 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 3215805 bus:Director1 2024-07-01 2025-06-30 3215805 bus:Director2 2024-07-01 2025-06-30 3215805 bus:Director4 2024-07-01 2025-06-30 3215805 bus:CompanySecretary1 2024-07-01 2025-06-30 3215805 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 3215805 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP