REGISTERED NUMBER: 05584339 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JN COXHEAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N Coxhead

REGISTERED OFFICE:

6 Royalty Avenue

New Longton

Preston

Lancashire

PR4 4JN

REGISTERED NUMBER:

05584339 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

13,860

16,138

Tangible assets

5

80,908

86,155

94,768

102,293

CURRENT ASSETS

Debtors

6

-

4,621

CREDITORS

Amounts falling due within one year

7

9,964

24,770

NET CURRENT LIABILITIES

(9,964

)

(20,149

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,804

82,144

CREDITORS

Amounts falling due after more than one year

8

200,009

171,655

NET LIABILITIES

(115,205

)

(89,511

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(115,206

)

(89,512

)

(115,205

)

(89,511

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 25 November 2025 and were signed by:

J N Coxhead - Director

1.	STATUTORY INFORMATION

JN Coxhead 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

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

Long leasehold

-

2% on reducing balance

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

38,500

1,412

39,912

AMORTISATION

At 1 April 2024

22,715

1,059

23,774

Amortisation for year

1,925

353

2,278

At 31 March 2025

24,640

1,412

26,052

NET BOOK VALUE

At 31 March 2025

13,860

-

13,860

At 31 March 2024

15,785

353

16,138

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

85,007

6,780

39,965

131,752

DEPRECIATION

At 1 April 2024

16,550

-

29,047

45,597

Charge for year

1,369

2,185

1,693

5,247

At 31 March 2025

17,919

2,185

30,740

50,844

NET BOOK VALUE

At 31 March 2025

67,088

4,595

9,225

80,908

At 31 March 2024

68,457

6,780

10,918

86,155

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Directors' current accounts

-

4,621

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

2,962

16,675

Hire purchase contracts

3,934

5,506

Trade creditors

-

1,253

Accruals and deferred income

3,068

1,336

9,964

24,770

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 2-5 years

197,265

164,977

Hire purchase contracts

2,744

6,678

200,009

171,655

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank overdrafts

2,962

1,492

Bank loans

197,265

180,160

200,227

181,652

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J N Coxhead.