REGISTERED NUMBER: 04947983 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

W P JERAM (PORTSMOUTH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W P Jeram

SECRETARY:

Mrs L A Jeram

REGISTERED OFFICE:

22 Ebery Grove

Copnor

Portsmouth

Hampshire

PO3 6HQ

REGISTERED NUMBER:

04947983 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

115,921

104,964

CURRENT ASSETS

Stocks

50,745

45,280

Debtors

5

7,829

7,032

58,574

52,312

CREDITORS

Amounts falling due within one year

6

115,568

81,822

NET CURRENT LIABILITIES

(56,994

)

(29,510

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,927

75,454

PROVISIONS FOR LIABILITIES

1,925

1,925

NET ASSETS

57,002

73,529

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

57,001

73,528

57,002

73,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 27 November 2025 and were signed by:

W P Jeram - Director

1.	STATUTORY INFORMATION

W P Jeram (Portsmouth) 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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2023

100,000

52,222

152,222

Additions

-

16,265

16,265

At 30 November 2024

100,000

68,487

168,487

DEPRECIATION

At 1 December 2023

-

47,258

47,258

Charge for year

-

5,308

5,308

At 30 November 2024

-

52,566

52,566

NET BOOK VALUE

At 30 November 2024

100,000

15,921

115,921

At 30 November 2023

100,000

4,964

104,964

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Other debtors

7,829

7,032

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

50,770

62,112

Hire purchase contracts

12,721

-

Trade creditors

11,785

17,753

Taxation and social security

26,529

-

Other creditors

13,763

1,957

115,568

81,822

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

£

W P Jeram

Balance outstanding at start of year

(408

)

(842

)

Amounts advanced

42,566

10,434

Amounts repaid

(44,900

)

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,742

)

(408

)

8.	RELATED PARTY DISCLOSURES

The company was under control of Mr W P Jeram throughout the current and previous year. Mr W P Jeram is the managing director and majority shareholder.