Jon Hallett & Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09077779 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Jon Hallett & Co Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J W Hallett

M Foldvari

J S Hathaway

REGISTERED OFFICE:

Unit 11 Diddenham Court

Lambwood Hill

Grazeley

Reading

Berkshire

RG7 1JQ

REGISTERED NUMBER:

09077779 (England and Wales)

ACCOUNTANTS:

EDMONDS ACCOUNTANCY LIMITED

Unit 11, Diddenham Bus Park,

Diddenham Court

Grazeley,

READING

Berkshire

RG7 1JQ

FIXED ASSETS

Tangible assets

4

35,744

13,352

CURRENT ASSETS

Debtors

5

181,011

69,974

Prepayments and accrued income

10,374

16,332

Cash at bank

14,765

43,034

206,150

129,340

CREDITORS

Amounts falling due within one year

6

141,392

93,698

NET CURRENT ASSETS

64,758

35,642

TOTAL ASSETS LESS CURRENT LIABILITIES

100,502

48,994

PROVISIONS FOR LIABILITIES

2,537

2,537

NET ASSETS

97,965

46,457

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

97,815

46,307

97,965

46,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 18 February 2020 and were signed on its behalf by:

M Foldvari - Director

J W Hallett - Director

J S Hathaway - Director

1.	STATUTORY INFORMATION

Jon Hallett & Co Ltd 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

-

33% on cost and 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 11 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

89,488

Additions

32,226

At 30 June 2019

121,714

DEPRECIATION

At 1 July 2018

76,136

Charge for year

9,834

At 30 June 2019

85,970

NET BOOK VALUE

At 30 June 2019

35,744

At 30 June 2018

13,352

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

56,774

65,323

Other debtors

124,237

4,651

181,011

69,974

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

18,278

25,941

Taxation and social security

29,998

16,335

Other creditors

93,116

51,422

141,392

93,698

7.	LEASING AGREEMENTS

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

30.6.19

30.6.18

£

£

Within one year

552

552

Between one and five years

368

920

920

1,472