Company registration number 00119388 (England and Wales)
J SYDNEY AULT,LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
J SYDNEY AULT,LIMITED
CONTENTS
PAGE
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
J SYDNEY AULT,LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
FIXED ASSETS
Goodwill
4
-
0
-
0
Intangible assets
4
6,400
11,200
Tangible assets
5
546,632
576,747
553,032
587,947
CURRENT ASSETS
Stocks
1,000
1,000
Debtors
6
550,717
412,327
Cash at bank and in hand
673,789
799,875
1,225,506
1,213,202
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7
(821,523)
(899,638)
NET CURRENT ASSETS
403,983
313,564
TOTAL ASSETS LESS CURRENT LIABILITIES
957,015
901,511
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
8
(16,353)
(20,092)
PROVISIONS FOR LIABILITIES
(31,923)
(40,034)
NET ASSETS
908,739
841,385
CAPITAL AND RESERVES
Called up share capital
10
6,000
6,000
Revaluation reserve
170,965
170,965
Profit and loss reserves
731,774
664,420
TOTAL EQUITY
908,739
841,385

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

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

J SYDNEY AULT,LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 1 May 2026 and are signed on its behalf by:
Mr A J Begley
DIRECTOR
COMPANY REGISTRATION NO. 00119388
J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
ACCOUNTING POLICIES
COMPANY INFORMATION

J Sydney Ault,Limited is a private company limited by shares incorporated in England and Wales. The registered office and trading address is Kinder House, Lombard Street, West Bromwich, West Midlands, B70 8SD.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
TURNOVER

Turnover includes fees for insurance advice, risk assessment, together with commission which is accounted for on a received basis. Commission cannot be accrued for until clients have settled the premiums due.

1.3
INTANGIBLE FIXED ASSETS OTHER THAN GOODWILL

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software
3 years on cost
1.4
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:

Land and buildings Freehold
not depreciated
Improvements to property
15 years on cost
Fixtures, fittings & equipment
10% on cost / 10-20 years on cost
Computer equipment
25% on cost
Motor vehicles
25% 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.

J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -

Freehold land and buildings are reflected at most recent valuation.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

1.5
IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
STOCKS

Stock of stationery is valued by the directors at estimated cost.

1.7
CASH AND CASH EQUIVALENTS

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.

1.8
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.

J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -
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.

1.9
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.

1.10
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.

1.11
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.

1.12
RETIREMENT BENEFITS

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

J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 6 -
1.13
LEASES

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

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.

1.14
FINANCE LEASE

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital elements.

1.15
DIVIDENDS

A fixed dividend is attached to the cumulative preference shares and accordingly they have been classified as a liability in the financial statements. Dividends paid on these shares are therefore treated as a finance costs and are recognised in the profit and loss account on an accruals basis.

2
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
19
J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
4
INTANGIBLE FIXED ASSETS
Goodwill
Software
Total
£
£
£
COST
At 1 January 2025 and 31 December 2025
911,253
14,400
925,653
AMORTISATION AND IMPAIRMENT
At 1 January 2025
911,253
3,200
914,453
Amortisation charged for the year
-
0
4,800
4,800
At 31 December 2025
911,253
8,000
919,253
CARRYING AMOUNT
At 31 December 2025
-
0
6,400
6,400
At 31 December 2024
-
0
11,200
11,200
5
TANGIBLE FIXED ASSETS
Land and buildings Freehold
Improvements to property
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
COST OR VALUATION
At 1 January 2025
400,000
41,528
113,883
59,098
28,942
643,451
Additions
-
0
1,500
-
0
-
0
-
0
1,500
Disposals
-
0
-
0
-
0
-
0
(4,800)
(4,800)
At 31 December 2025
400,000
43,028
113,883
59,098
24,142
640,151
DEPRECIATION AND IMPAIRMENT
At 1 January 2025
-
0
6,698
27,938
27,027
5,041
66,704
Depreciation charged in the year
-
0
2,836
7,901
14,329
5,848
30,914
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(4,099)
(4,099)
At 31 December 2025
-
0
9,534
35,839
41,356
6,790
93,519
CARRYING AMOUNT
At 31 December 2025
400,000
33,494
78,044
17,742
17,352
546,632
At 31 December 2024
400,000
34,830
85,945
32,071
23,901
576,747

The hire purchase obligations are secured against the asset purchased.

The directors discussed the value of freehold land and buildings with informed professional advisors (Bulleys) and as a result revalued the land and buildings at 31 December 2017. The valuation of £400,000 was considered to be a fair value, reflecting the diminution in property values in the local area and the directors are of the opinion that this valuation remains a fair representation of the value of the property.

J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
TANGIBLE FIXED ASSETS
(Continued)
- 8 -

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £229,035 (2024 - £229,035), being cost £229,035 (2024 - £229,035) and depreciation £- (2024 - £-).

6
DEBTORS
2025
2024
AMOUNTS FALLING DUE WITHIN ONE YEAR:
£
£
Trade debtors
488,987
347,847
Corporation tax recoverable
-
0
7,421
Other debtors
61,730
57,059
550,717
412,327
7
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
467,980
608,973
Taxation and social security
84,296
30,071
Other creditors
269,247
260,594
821,523
899,638
8
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Other creditors
16,353
20,092
9
RETIREMENT BENEFIT SCHEMES
2025
2024
DEFINED CONTRIBUTION SCHEMES
£
£
Charge to profit or loss in respect of defined contribution schemes
55,919
68,785

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.

10
CALLED UP SHARE CAPITAL
2025
2024
£
£
ORDINARY SHARE CAPITAL
ISSUED AND FULLY PAID
6,000 Ordinary of £1 each
6,000
6,000
J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
11
OPERATING LEASE COMMITMENTS
LESSEE

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
77,215
23,211
LESSOR

The operating leases represent leases to third parties. There are no options in place for either party to extend the lease terms.

2025
2024
£
£
7,895
14,209
J SYDNEY AULT,LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
12
RELATED PARTY TRANSACTIONS

Dividends paid to directors

During the year dividends of £51,323 (2024: £nil) in respect of ordinary shares were paid to the director s.

During the year dividends of £63 (2024: £63) in respect of preference shares were paid to the directo rs.

13
ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mrs J Paxton and Mr J D Ault.

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