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 2018

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

3,312

4,837

CURRENT ASSETS

Debtors

5

82,303

5,640

Cash at bank and in hand

893,991

838,973

976,294

844,613

CREDITORS

Amounts falling due within one year

6

691,596

599,127

NET CURRENT ASSETS

284,698

245,486

TOTAL ASSETS LESS CURRENT LIABILITIES

288,010

250,323

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

287,910

250,223

SHAREHOLDERS' FUNDS

288,010

250,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 October 2018 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 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. 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

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 8 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2017

11,467

Disposals

(1,000

)

At 31 March 2018

10,467

DEPRECIATION

At 1 April 2017

6,630

Charge for year

1,103

Eliminated on disposal

(578

)

At 31 March 2018

7,155

NET BOOK VALUE

At 31 March 2018

3,312

At 31 March 2017

4,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

25,344

5,640

Accrued income

56,959

-

82,303

5,640

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,680

3,148

Client accounts

568,620

478,732

Tax

51,615

51,934

Social security and other taxes

9,027

7,684

VAT

31,015

36,723

Other creditors

5,000

2,000

Pension liability

398

-

Directors' loan accounts

14,541

13,506

Accrued expenses

4,700

5,400

691,596

599,127

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.