J R Hall Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06435302 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

J R HALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

R A Hall

Mrs C Foster

REGISTERED OFFICE:

Shays Farm

Tosside

Skipton

North Yorkshire

BD23 4SY

REGISTERED NUMBER:

06435302 (England and Wales)

ACCOUNTANTS:

Haworths Limited

Chartered Accountants

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

196,291

85,148

196,291

85,148

CURRENT ASSETS

Stocks

294,896

337,086

Debtors

7

511,861

451,901

Cash at bank

34,364

2,823

841,121

791,810

CREDITORS

Amounts falling due within one year

8

519,926

347,869

NET CURRENT ASSETS

321,195

443,941

TOTAL ASSETS LESS CURRENT LIABILITIES

517,486

529,089

PROVISIONS FOR LIABILITIES

36,827

13,827

NET ASSETS

480,659

515,262

CAPITAL AND RESERVES

Called up share capital

15

15

Capital redemption reserve

1

1

Retained earnings

480,643

515,246

SHAREHOLDERS' FUNDS

480,659

515,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 12 December 2017 and were signed on its behalf by:

Mrs C Foster - Director

1.	STATUTORY INFORMATION

J R Hall 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

5,000

AMORTISATION

At 1 April 2016

and 31 March 2017

5,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

38,554

122,311

5,018

38,700

204,583

Additions

-

162,845

-

-

162,845

At 31 March 2017

38,554

285,156

5,018

38,700

367,428

DEPRECIATION

At 1 April 2016

22,542

84,854

2,364

9,675

119,435

Charge for year

3,855

40,060

531

7,256

51,702

At 31 March 2017

26,397

124,914

2,895

16,931

171,137

NET BOOK VALUE

At 31 March 2017

12,157

160,242

2,123

21,769

196,291

At 31 March 2016

16,012

37,457

2,654

29,025

85,148

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

209,298

243,510

Amounts owed by group undertakings

243,168

159,690

Other debtors

59,395

48,701

511,861

451,901

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

91,992

174,865

Taxation and social security

27,116

34,089

Other creditors

400,818

138,915

519,926

347,869

9.	SECURED DEBTS

A loan to Deanroyd Trading Company Limited, the holding company, from R A Hall has been secured by way

of a fixed and floating charge on the assets of J R Hall Limited.

10.	ULTIMATE PARENT COMPANY

The ultimate parent company is Deanroyd Trading Company Limited.

11.	FIRST YEAR ADOPTION

This is the company's first set of financial statements prepared under FRS102. The date of transition to FRS102

was 1 April 2015.

The accounting policies are unchanged and there are no changes to profits and equity as previously reported.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of J R Hall Limited for the year ended 31 March 2017 which comprise the Income Statement,

Balance Sheet, and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J R Hall Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J R Hall Limited and state those matters that we have agreed to state to the Board of Directors of J R Hall Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J R Hall Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J R Hall Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J R Hall Limited. You consider that J R Hall Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J R Hall Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haworths Limited

Chartered Accountants

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

Date: .............................................