REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
J F HORNBY LIMITED |
TRADING AS |
J F HORNBY & CO |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
J F HORNBY LIMITED |
TRADING AS |
J F HORNBY & CO |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
J F HORNBY LIMITED |
TRADING AS J F HORNBY & CO |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Tower |
Daltongate Business Centre |
Daltongate |
Ulverston |
Cumbria |
LA12 7AJ |
BANKERS: |
113 Dalton Road |
Barrow in Furness |
Cumbria |
LA14 1WY |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
ABRIDGED BALANCE SHEET |
31 MARCH 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Prepayments and accrued income |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
J F Hornby Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about J F Hornby Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents net invoiced sales of services as adjusted for work in progress and accrued income, excluding VAT. |
Goodwill |
Goodwill is not depreciated. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Work in progress is valued at charging out rates. |
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 |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Goodwill has not been depreciated which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 | 2 |
NET BOOK VALUE |
At 31 March 2023 | 2 |
At 31 March 2022 | 2 |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
6. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: The Tower, Daltongate Business Centre, Ulverston, Cumbria LA12 7AJ |
Nature of business: |
% |
Class of shares: | holding |
31.3.23 | 31.3.22 |
£ | £ |
Aggregate capital and reserves |
Information on loans is as follows: |
Totals |
£ |
At 1 April 2022 |
Additions | 253,027 |
At 31 March 2023 | 1,495,647 |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.23 | 31.3.22 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
A ordinary | £1 | 3 | 3 |
B ordinary | £1 | 3 | 3 |
C ordinary | £1 | 1 | 1 |
D ordinary | £1 | 1 | 1 |
8 | 8 |
J F HORNBY LIMITED (REGISTERED NUMBER: 06880956) |
TRADING AS J F HORNBY & CO |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
8. | CALLED UP SHARE CAPITAL - continued |
The holders of the 'C' Ordinary shares and 'D' Ordinary shares are not be entitled to receive notice of, or attend, or vote at any general meeting of the company. |
All classes of share rank pari passu with regard to entitlement to dividend except that the directors may at any time resolve to declare different dividends in relation to each class of share and may also resolve to declare a dividend on one or more classes of share and not another class or classes. |
On a return of assets on liquidation, reduction of capital or otherwise, the surplus assets of the Company remaining after payment of its liabilities shall be applied: |
(i) first in paying the holders of the 'A', 'B', 'C' and 'D' Ordinary shares an amount per share equal to the sum paid up or credited as paid up thereon |
(ii) next and subject to (i) hereof, the balance of such assets shall belong to and be distributed amongst the holders of the 'A' and 'B' shares in proportion to the amounts paid up or credited as paid up thereon |