John Henry Sports Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04467747 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 January 2019

for

John Henry Sports Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P G Milbank

Mr K D Townsend

REGISTERED OFFICE:

207 Wellingborough Road

Northampton

Northamptonshire

NN1 4ED

REGISTERED NUMBER:

04467747 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

1 Billing Road

Northampton

Northamptonshire

NN1 5AL

FIXED ASSETS

Tangible assets

4

20,788

17,043

CURRENT ASSETS

Stocks

247,656

227,192

Debtors

5

43,110

35,668

Cash at bank and in hand

128,835

134,931

419,601

397,791

CREDITORS

Amounts falling due within one year

6

115,493

112,443

NET CURRENT ASSETS

304,108

285,348

TOTAL ASSETS LESS CURRENT LIABILITIES

324,896

302,391

PROVISIONS FOR LIABILITIES

3,723

2,960

NET ASSETS

321,173

299,431

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

100

100

Retained earnings

320,873

299,131

SHAREHOLDERS' FUNDS

321,173

299,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 30 April 2019 and were signed on its behalf by:

Mr P G Milbank - Director

Mr K D Townsend - Director

1.	STATUTORY INFORMATION

John Henry Sports 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Website

-

33.3% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.3% 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.

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 10 (2018 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

94,413

Additions

8,511

At 31 January 2019

102,924

DEPRECIATION

At 1 February 2018

77,370

Charge for year

4,766

At 31 January 2019

82,136

NET BOOK VALUE

At 31 January 2019

20,788

At 31 January 2018

17,043

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/19

31/1/18

£

£

Trade debtors

34,221

27,882

Other debtors

8,889

7,786

43,110

35,668

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/19

31/1/18

£

£

Trade creditors

27,181

13,381

Taxation and social security

28,122

27,849

Other creditors

60,190

71,213

115,493

112,443

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/1/19

31/1/18

£

£

Within one year

23,417

23,000

Between one and five years

73,000

9,167

In more than five years

6,667

-

103,084

32,167