IRIS Accounts Production v25.4.12.37 01378868 director 1.8.24 31.7.25 31.7.25 false true false false true false Ordinary share capital 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01378868 2024-07-31 01378868 2025-07-31 01378868 2024-08-01 2025-07-31 01378868 2023-07-31 01378868 2023-08-01 2024-07-31 01378868 2024-07-31 01378868 ns15:EnglandWales 2024-08-01 2025-07-31 01378868 ns14:PoundSterling 2024-08-01 2025-07-31 01378868 ns10:Director1 2024-08-01 2025-07-31 01378868 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 01378868 ns10:SmallEntities 2024-08-01 2025-07-31 01378868 ns10:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 01378868 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 01378868 ns10:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 01378868 ns10:FullAccounts 2024-08-01 2025-07-31 01378868 ns10:OrdinaryShareClass1 2024-08-01 2025-07-31 01378868 ns10:CompanySecretary1 2024-08-01 2025-07-31 01378868 ns10:RegisteredOffice 2024-08-01 2025-07-31 01378868 ns5:CurrentFinancialInstruments 2025-07-31 01378868 ns5:CurrentFinancialInstruments 2024-07-31 01378868 ns5:ShareCapital 2025-07-31 01378868 ns5:ShareCapital 2024-07-31 01378868 ns5:RevaluationReserve 2025-07-31 01378868 ns5:RevaluationReserve 2024-07-31 01378868 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 01378868 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 01378868 ns5:LandBuildings 2024-08-01 2025-07-31 01378868 ns5:PlantMachinery 2024-08-01 2025-07-31 01378868 ns5:LandBuildings 2024-07-31 01378868 ns5:PlantMachinery 2024-07-31 01378868 ns5:LandBuildings 2025-07-31 01378868 ns5:PlantMachinery 2025-07-31 01378868 ns5:LandBuildings 2024-07-31 01378868 ns5:PlantMachinery 2024-07-31 01378868 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-07-31 01378868 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 01378868 ns10:OrdinaryShareClass1 2025-07-31 01378868 ns5:RevaluationReserve 2024-07-31

REGISTERED NUMBER: 01378868 (England and Wales)

| J.T. LORD & SON (SLEAFORD) LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

J.T. LORD & SON (SLEAFORD) LIMITED (REGISTERED NUMBER: 01378868)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

J.T. LORD & SON (SLEAFORD) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTOR: | Mrs J A Lord

| SECRETARY: | P A Christopher

| REGISTERED OFFICE: | The Garage

| Boston Road

| Sleaford

| Lincolnshire

| NG34 7HH

| REGISTERED NUMBER: | 01378868 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 5 Resolution Close

| Endeavour Park

| Boston

| Lincolnshire

| PE21 7TT

J.T. LORD & SON (SLEAFORD) LIMITED (REGISTERED NUMBER: 01378868)

STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 63,484 |  | 68,296 |  |

CURRENT ASSETS

Stocks | 100,459 |  | 112,752 |  |

Debtors | 5 | 24,089 |  | 27,804 |  |

Cash at bank and in hand | 187,393 |  | 218,075 |  |

311,941 |  | 358,631 |  |

CREDITORS

Amounts falling due within one year | 6 | 244,670 |  | 231,369 |  |

NET CURRENT ASSETS | 67,271 |  | 127,262 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 130,755 |  | 195,558 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 35,002 |  | 35,002 |  |

Revaluation reserve | 9 | 38,242 |  | 39,835 |  |

Retained earnings | 57,511 |  | 120,721 |  |

SHAREHOLDERS' FUNDS | 130,755 |  | 195,558 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 17 March 2026 and were signed by:

Mrs J A Lord - Director

J.T. LORD & SON (SLEAFORD) LIMITED (REGISTERED NUMBER: 01378868)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| J.T. Lord & Son (Sleaford) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents amounts charged to customers for goods and services provided during the year, excluding value added tax and trade discounts.

| Vehicle sales and parts sales are recognised upon delivery to the customer, or upon collection by the customer. Servicing and workshop sales are recognised in the period in which the services are rendered. Forecourt sales are recognised at the point of sale.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 33% on reducing balance and 20% on reducing balance

| Tangible fixed assets are stated at cost less accumulated depreciation.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price, less further costs expected to be incurred to completion and disposal. Provision is made for obsolete or slow-moving items where appropriate.

| Financial instruments

| The company has chosen to adopt the FRS 102A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| 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. Accounts 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.

| 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 statement of financial position date.

J.T. LORD & SON (SLEAFORD) LIMITED (REGISTERED NUMBER: 01378868)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 9 (2024 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 August 2024

| and 31 July 2025 | 120,000 |  | 172,503 |  | 292,503 |  |

| DEPRECIATION

| At 1 August 2024 | 60,000 |  | 164,207 |  | 224,207 |  |

| Charge for year | 2,400 |  | 2,412 |  | 4,812 |  |

| At 31 July 2025 | 62,400 |  | 166,619 |  | 229,019 |  |

| NET BOOK VALUE

| At 31 July 2025 | 57,600 |  | 5,884 |  | 63,484 |  |

| At 31 July 2024 | 60,000 |  | 8,296 |  | 68,296 |  |

| Cost or valuation at 31 July 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 1995 | 120,000 |  | - |  | 120,000 |  |

| Cost | - |  | 172,503 |  | 172,503 |  |

120,000 |  | 172,503 |  | 292,503 |  |

| If land and buildings had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 40,332 |  | 40,332 |  |

| Aggregate depreciation | 17,748 |  | 17,748 |  |

| Value of land in freehold land and buildings | 22,584 |  | 22,584 |  |

J.T. LORD & SON (SLEAFORD) LIMITED (REGISTERED NUMBER: 01378868)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS - continued

| Land and buildings were valued on an open market basis in 1995 by Escritt & Barrell.

| Up to and including 31 July 1996 it was the company policy to revalue land and buildings. After that date, the company adopted the transitional provisions as contained in paragraph 19.3 of the Financial Reporting Standard for Smaller Entities (effective April 2008). Whilst previous valuations have been retained, they have not been updated. From 1 August 1996 it is company policy not to revalue fixed assets. The last valuation was in 1995.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 8,811 |  | 15,456 |  |

| Other debtors | 15,278 |  | 12,348 |  |

24,089 |  | 27,804 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 32,857 |  | 28,008 |  |

| Taxation and social security | 11,421 |  | 11,951 |  |

| Other creditors | 200,392 |  | 191,410 |  |

244,670 |  | 231,369 |  |

7. | SECURED DEBTS

| Lloyds Bank plc have a fixed and floating charge over the assets of the company.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 35,002 | Ordinary share capital | £1 | 35,002 |  | 35,002 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 August 2024 | 39,835 |  |

| Release of revaluation reserve | (1,593 | ) |

| At 31 July 2025 | 38,242 |  |

| The transfer between the revaluation reserve and retained earnings reflects unadjusted transfers since 1995, when the land and buildings were first revalued.