REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2022 |
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R T JULIAN & SON LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2022 |
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FOR |
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R T JULIAN & SON LIMITED |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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R T JULIAN & SON LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Old Carriage Works |
Moresk Road |
TRURO |
Cornwall |
TR1 1DG |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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BALANCE SHEET |
30 APRIL 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 9 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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BALANCE SHEET - continued |
30 APRIL 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2022 |
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1. | STATUTORY INFORMATION |
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R T Julian & Son Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has net current liabilities of £3,285,858. In the opinion of the Director, the company is a going concern. |
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The company retains the support of its bankers with the due refinancing of the company's existing debt facilities expected to be completed in due course. |
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Turnover |
Turnover represents net invoiced sales of good and services excluding value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2022 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
Short | Plant and | and | Motor |
leasehold | machinery | equipment | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2021 |
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Additions |
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At 30 April 2022 |
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DEPRECIATION |
At 1 May 2021 |
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Charge for year |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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Land and buildings include assets under construction costing £70,280 at 30 April 2022. (2021: £nil.) The assets have not been depreciated. |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2022 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Short | Motor |
leasehold | vehicles | Totals |
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COST |
At 1 May 2021 | 82,614 | 16,495 | 99,109 |
Additions | - |
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At 30 April 2022 | 82,614 |
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DEPRECIATION |
At 1 May 2021 | 8,540 |
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Charge for year | 4,270 |
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At 30 April 2022 | 12,810 |
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NET BOOK VALUE |
At 30 April 2022 | 69,804 |
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At 30 April 2021 | 74,074 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 May 2021 |
and 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 May 2021 |
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Additions |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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Land and buildings include assets under construction costing £315,370 at 30 April 2022. (2021: £nil.) |
R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2022 |
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6. | INVESTMENT PROPERTY - continued |
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Fixed assets, included in the above, which are held under finance leases are as follows: |
Total |
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FAIR VALUE |
Additions | 38,000 |
At 30 April 2022 | 38,000 |
NET BOOK VALUE |
At 30 April 2022 | 38,000 |
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7. | DEBTORS |
2022 | 2021 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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R T JULIAN & SON LIMITED (REGISTERED NUMBER: 04216674) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2022 |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2022 | 2021 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans - 5 years + | - | 3,030 |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2022 | 2021 |
£ | £ |
Hire purchase contracts | 70,763 | 37,061 |
Bank loans | 5,422,354 | 5,648,303 |
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The director has provided personal security against the secured debts of the company. |
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The company's lenders have fixed and floating charges over both Leasehold and Investment Properties. |
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11. | RELATED PARTY DISCLOSURES |
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The director introduced net funds into his Director's current Account of £167,913 during the year. |
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At 30 April 2022, the company owed the Director £202,109. (2021: £34,195.) |
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Loans to the company by the Director are at an interest rate of 10%, and are repayable on demand. |
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is R T Julian & Son (Holdings) Limited. |
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The ultimate controlling party is
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