REGISTERED NUMBER: 05265245 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

GC & AC Joules Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss L E Joules

Mrs K L Joules

S C Joules

P M Joules

SECRETARY:

Mrs K L Joules

REGISTERED OFFICE:

Williamston House

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

05265245 (England and Wales)

FIXED ASSETS

Tangible assets

4

736,820

760,761

CURRENT ASSETS

Stocks

330,670

335,250

Debtors

64,008

127,618

Investments

37,507

37,464

Cash at bank

26,664

68,610

458,849

568,942

CREDITORS

Amounts falling due within one year

180,823

270,350

NET CURRENT ASSETS

278,026

298,592

TOTAL ASSETS LESS CURRENT LIABILITIES

1,014,846

1,059,353

CREDITORS

Amounts falling due after more than one year

-

(15,500

)

PROVISIONS FOR LIABILITIES

(57,707

)

(60,110

)

NET ASSETS

957,139

983,743

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

957,137

983,741

SHAREHOLDERS' FUNDS

957,139

983,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

Mrs K L Joules - Director

S C Joules - Director

1.	STATUTORY INFORMATION

GC & AC Joules 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

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

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Tractors

-

25% on reducing balance

Stocks

Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

Investments

Investments are measured at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2025

1,460,199

Additions

48,037

Disposals

(5,600

)

At 30 April 2026

1,502,636

DEPRECIATION

At 1 May 2025

699,438

Charge for year

69,055

Eliminated on disposal

(2,677

)

At 30 April 2026

765,816

NET BOOK VALUE

At 30 April 2026

736,820

At 30 April 2025

760,761