John Hilton Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07677828 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

JOHN HILTON LIMITED

TRADING AS

JOHN HILTON

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E G Skinner

M A Foster

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

07677828 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

3,832

4,946

CURRENT ASSETS

Debtors

5

30,273

30,539

Cash at bank

1,383,983

1,115,397

1,414,256

1,145,936

CREDITORS

Amounts falling due within one year

6

1,021,480

798,100

NET CURRENT ASSETS

392,776

347,836

TOTAL ASSETS LESS CURRENT LIABILITIES

396,608

352,782

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

396,508

352,682

SHAREHOLDERS' FUNDS

396,608

352,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2020 and were signed on its behalf by:

M A Foster - Director

1.	STATUTORY INFORMATION

John Hilton 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 represents net invoiced sales of services excluding value added tax

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

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 15 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

10,467

2,500

12,967

DEPRECIATION

At 1 April 2019

7,983

38

8,021

Charge for year

621

493

1,114

At 31 March 2020

8,604

531

9,135

NET BOOK VALUE

At 31 March 2020

1,863

1,969

3,832

At 31 March 2019

2,484

2,462

4,946

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

10,560

28,738

Other debtors

500

1,801

Huddle payback

19,213

-

30,273

30,539

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

5,650

8,325

Client accounts

934,948

670,239

Tax

28,341

57,883

Social security and other taxes

(1,873

)

(732

)

VAT

36,005

48,910

Other creditors

4,984

-

Pension liability

-

1,156

Directors' loan accounts

8,425

7,319

Accrued expenses

5,000

5,000

1,021,480

798,100

7.	ULTIMATE CONTROLLING PARTY

The company's two directors each own half of the share capital, therefore the company is not under

the control of any one party.