J R Norton Limited - Filleted accounts

Registered number

04689247

J R Norton Limited

Filleted Accounts

31 March 2026

J R Norton Limited
Registered number:		04689247
Balance Sheet
as at 31 March 2026

Notes			2026		2025

Fixed assets
Tangible assets	4		8,471		9,336

Current assets
Stocks		2,120		4,540
Debtors	5	10,826		15,660
Cash at bank and in hand		50,246		39,706
		63,192		59,906

Creditors: amounts falling due within one year	6	(67,385)		(69,634)

Net current liabilities			(4,193)		(9,728)

Total assets less current liabilities			4,278		(392)


Provisions for liabilities			(460)		(587)


Net assets/(liabilities)			3,818		(979)

Capital and reserves
Called up share capital			1		1
Profit and loss account			3,817		(980)

Shareholder's funds			3,818		(979)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J R Norton
Director
Approved by the board on 17 June 2026

J R Norton Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Grant income
	Capital and revenue grants are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold buildings		2% straight line
	Equipment		15% reducing balance
	Motor vehicles		25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			0		0


3	Intangible fixed assets
	Goodwill:

	Cost
	At 1 April 2025					25,000
	At 31 March 2026					25,000

	Amortisation
	At 1 April 2025					25,000
	At 31 March 2026					25,000

	Net book value
	At 31 March 2026					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings	Plant and machinery etc	Motor vehicles		Total

	Cost
	At 1 April 2025	9,843	12,780	43,727		66,350
	At 31 March 2026	9,843	12,780	43,727		66,350

	Depreciation
	At 1 April 2025	3,598	11,737	41,679		57,014
	Charge for the year	197	156	512		865
	At 31 March 2026	3,795	11,893	42,191		57,879

	Net book value
	At 31 March 2026	6,048	887	1,536		8,471
	At 31 March 2025	6,245	1,043	2,048		9,336


5	Debtors			2026		2025


	Trade debtors			4,037		8,394
	Corporation tax repayable			-		293
	Other debtors			6,789		6,973
				10,826		15,660


6	Creditors: amounts falling due within one year			2026		2025


	Trade creditors			9,866		12,653
	Taxation and social security costs			3,043		1,616
	Other creditors			54,476		55,365
				67,385		69,634


7	Related party transactions

	Advances, Credits and Guarantees At the balance sheet date, the following amounts were due from/(to) the director: Loan balance: £(52,483) (2024:£(53,259)) The loan is interest free, unsecured and repayable on demand.


8	Controlling party

	J R Norton, a director, who owns 100% of the issued share capital is the controlling party.


9	Other information

	J R Norton Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Globe Farm
	High Hoyland
	Barnsley
	South Yorkshire
	S75 4BE