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Registration number: 00687716

C J Hooper & Sons Limited

Annual Report and Unaudited Financial Statementsfor the Year Ended 5 April 2023

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Chartered Accountants

 

C J Hooper & Sons Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

C J Hooper & Sons Limited

Company Information

Directors

Mr T E Frampton

Mrs R T Frampton

Company secretary

Mrs R T Frampton

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
C J Hooper & Sons Limitedfor the Year Ended 5 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C J Hooper & Sons Limited for the year ended 5 April 2023 as set out on pages 3 to 9 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of C J Hooper & Sons Limited, as a body, in accordance with the terms of our engagement letter dated 10 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of C J Hooper & Sons Limited and state those matters that we have agreed to state to the Board of Directors of C J Hooper & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C J Hooper & Sons Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C J Hooper & Sons Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C J Hooper & Sons Limited. You consider that C J Hooper & Sons 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 accounts of C J Hooper & Sons 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 accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

3 November 2023

 

C J Hooper & Sons Limited

(Registration number: 00687716)
Balance Sheet as at 5 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

320,717

343,291

Other financial assets

5

28,407

29,714

 

349,124

373,005

Current assets

 

Stocks

6

150,270

127,614

Debtors

7

214,139

216,346

Cash at bank and in hand

 

81,186

68,767

 

445,595

412,727

Creditors: Amounts falling due within one year

8

(194,121)

(252,303)

Net current assets

 

251,474

160,424

Net assets

 

600,598

533,429

Capital and reserves

 

Called up share capital

9

2,000

2,000

Profit and loss account

598,598

531,429

Shareholders' funds

 

600,598

533,429

For the financial year ending 5 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 



Mr T E Frampton
Director

 

C J Hooper & Sons Limited

Notes to the Unaudited Financial Statements
for the Year Ended 5 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

The principal place of business is:
Manor Farm
Milborne St Andrew
Blandford Forum
Dorset
DT11 0JS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C J Hooper & Sons Limited

Notes to the Unaudited Financial Statements
for the Year Ended 5 April 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

10% per annum on cost of Leasehold and Nil on cost of Freehold

Furniture, fittings and equipment

25% per annum on cost and 15% reducing balance

Motor vehicles

20% per annum on cost

Farm implements

10% per annum on cost

Tractors

25% reducing balance

Combines and balers

20% per annum on cost

Office equipment

25% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Deemed cost has been used where actual cost is not accurately ascertainable. Deemed cost is defined in line with the guidance in HMRC Helpsheet 232 as follows:

Sheep and pigs: 75% of market value
Harvested crops: 75% of market value

 

C J Hooper & Sons Limited

Notes to the Unaudited Financial Statements
for the Year Ended 5 April 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Recognition and measurement
Financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

C J Hooper & Sons Limited

Notes to the Unaudited Financial Statements
for the Year Ended 5 April 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 6 April 2022

402,487

7,147

17,430

508,616

935,680

Additions

9,265

-

-

40,048

49,313

At 5 April 2023

411,752

7,147

17,430

548,664

984,993

Depreciation

At 6 April 2022

274,192

2,868

16,933

298,396

592,389

Charge for the year

22,310

835

497

48,245

71,887

At 5 April 2023

296,502

3,703

17,430

346,641

664,276

Carrying amount

At 5 April 2023

115,250

3,444

-

202,023

320,717

At 5 April 2022

128,295

4,279

497

210,220

343,291

Included within the net book value of land and buildings above is £8,159 (2022 - £8,159) in respect of freehold land and buildings and £107,091 (2022 - £120,136) in respect of long leasehold land and buildings.
 

 

C J Hooper & Sons Limited

Notes to the Unaudited Financial Statements
for the Year Ended 5 April 2023

5

Other financial assets

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 6 April 2022

28,080

1,634

29,714

Fair value adjustments

(1,307)

-

(1,307)

At 5 April 2023

26,773

1,634

28,407

Carrying amount

At 5 April 2023

26,773

1,634

28,407

At 5 April 2022

28,080

1,634

29,714

6

Stocks

2023
£

2022
£

Other inventories

150,270

127,614

7

Debtors

Current

2023
£

2022
£

Trade debtors

1,646

12,268

Prepayments

207,394

188,795

Other debtors

5,099

15,283

 

214,139

216,346

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

56

95

Taxation and social security

22,060

15,353

Accruals and deferred income

5,466

4,642

Other creditors

166,539

232,213

194,121

252,303

Other creditors includes loans totalling £166,089 (2022 - £231,765) from the director, Mr T E Frampton. This loan is interest free with no date for repayment.

 

C J Hooper & Sons Limited

Notes to the Unaudited Financial Statements
for the Year Ended 5 April 2023

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000

         

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £8,517 (2022 - £13,682). This commitment is in respect of a 7 year lease of farm land at Briantspuddle, which ends 29 November 2024.

11

Related party transactions

Summary of transactions with other related parties

The company had the following transactions with T Frampton & Sons in the year:

- Income receivable by C J Hooper & Sons Limited of £ Nil (2022 income - £500).

- C J Hooper & Sons Limited paid for contract services of £ Nil (2022 payments - £ Nil).

 

12

Bank security

Security
Lloyds Bank have a fixed and floating charge covering all the property and undertakings of the company (dated 30 August 2017).