John Freeman (Sales) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02092311 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

John Freeman (Sales) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J A Corless

A S Corless

Secretary:

J A Corless

Registered office:

The Boat House

Moulsford

Oxon

OX10 9HU

Registered number:

02092311 (England and Wales)

Accountants:

Pinkham Blair

Chartered Accountants

87a High Street

The Old Town

Hemel Hempstead

Hertfordshire

HP1 3AH

Fixed assets

Tangible assets

4

3,256

17,533

Current assets

Stocks

55,030

52,030

Debtors

5

33,812

25,797

Cash in hand

142,120

143,037

230,962

220,864

Creditors

Amounts falling due within one year

6

76,650

69,149

Net current assets

154,312

151,715

Total assets less current liabilities

157,568

169,248

Capital and reserves

Called up share capital

7

100

100

Retained earnings

157,468

169,148

Shareholders' funds

157,568

169,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 21 June 2019 and were signed on its behalf by:

A S Corless - Director

1.	Statutory information

John Freeman (Sales) 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 cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

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.

3.	Employees and directors

The average number of employees during the year was 5 (2017 - 5 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2018

151,533

Additions

1,176

Disposals

(29,465

)

At 31 December 2018

123,244

Depreciation

At 1 January 2018

134,000

Charge for year

7,736

Eliminated on disposal

(21,748

)

At 31 December 2018

119,988

Net book value

At 31 December 2018

3,256

At 31 December 2017

17,533

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

16,408

9,114

Other debtors

17,404

16,683

33,812

25,797

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

33,391

31,748

Taxation and social security

15,989

14,355

Other creditors

27,270

23,046

76,650

69,149

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

50

A Ordinary

1

50

50

50

B Ordinary

1

50

50

100

100