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REGISTERED NUMBER: 07305723 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

JIM DORAN HAND CONTROLS LIMITED

JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JIM DORAN HAND CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: Mr D C Doran
Mr T J Doran





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 07305723 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 83,141 70,265
83,141 70,265

CURRENT ASSETS
Stocks 271,891 327,638
Debtors 6 126,785 117,416
Cash at bank and in hand 112,116 234,002
510,792 679,056
CREDITORS
Amounts falling due within one year 7 431,762 398,938
NET CURRENT ASSETS 79,030 280,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,171

350,383

CREDITORS
Amounts falling due after more than one
year

8

29,167

53,503
NET ASSETS 133,004 296,880

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 132,904 296,780
SHAREHOLDERS' FUNDS 133,004 296,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

BALANCE SHEET - continued
30 NOVEMBER 2022


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 and authorised for issue on 25 October 2023 and were signed on its behalf by:




Mr D C Doran - Director



Mr T J Doran - Director


JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Jim Doran Hand Controls 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of seven 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
Government grants are recognised in profit or loss on a systematic basis over the periods in which the company recognises expenses for the related costs for which the grants are intended to compensate.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

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 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 26 (2021 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 155,850
AMORTISATION
At 1 December 2021
and 30 November 2022 155,850
NET BOOK VALUE
At 30 November 2022 -
At 30 November 2021 -

JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2021 44,699 57,227 110,116 14,241 226,283
Additions 2,714 859 51,270 580 55,423
Disposals - - (49,295 ) - (49,295 )
At 30 November 2022 47,413 58,086 112,091 14,821 232,411
DEPRECIATION
At 1 December 2021 35,900 35,692 73,102 11,324 156,018
Charge for year 2,878 5,599 18,456 1,154 28,087
Eliminated on disposal - - (34,835 ) - (34,835 )
At 30 November 2022 38,778 41,291 56,723 12,478 149,270
NET BOOK VALUE
At 30 November 2022 8,635 16,795 55,368 2,343 83,141
At 30 November 2021 8,799 21,535 37,014 2,917 70,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 81,054 71,728
Other debtors 15,981 15,481
Tax - 629
Prepayments and accrued income 29,750 29,578
126,785 117,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 5,003
Trade creditors 35,555 68,516
Amounts owed to participating interests 15,160 16,160
Tax - 643
Social security and other taxes 14,539 11,199
VAT 49,575 57,185
Other creditors 2,505 2,151
Directors' current accounts 77,990 68,090
Accruals and deferred income 226,438 157,716
Deferred government grants - 2,275
431,762 398,938

JIM DORAN HAND CONTROLS LIMITED (REGISTERED NUMBER: 07305723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 19,167 29,167
Hire purchase contracts - 14,336
29,167 53,503