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REGISTERED NUMBER: 00716107 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2022

for

J H Sinclair and Company Limited

J H Sinclair and Company Limited (Registered number: 00716107)






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


J H Sinclair and Company Limited

Company Information
for the Year Ended 30 November 2022







Director: N R Finnigan





Registered office: 55/63 Aberdeen Walk
Scarborough
North Yorkshire
YO11 1AG





Registered number: 00716107 (England and Wales)





Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

J H Sinclair and Company Limited (Registered number: 00716107)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Tangible assets 4 826,216 851,972

Current assets
Stocks 217,655 122,978
Debtors 5 71,986 37,055
Cash at bank and in hand 939 410
290,580 160,443
Creditors
Amounts falling due within one year 6 504,274 347,038
Net current liabilities (213,694 ) (186,595 )
Total assets less current liabilities 612,522 665,377

Creditors
Amounts falling due after more than one
year

7

276,603

334,633
Net assets 335,919 330,744

Capital and reserves
Called up share capital 8 2,300 2,300
Revaluation reserve 178,278 178,278
Retained earnings 155,341 150,166
Shareholders' funds 335,919 330,744

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 director acknowledges his 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 H Sinclair and Company Limited (Registered number: 00716107)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





N R Finnigan - Director


J H Sinclair and Company Limited (Registered number: 00716107)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. Statutory information

J H Sinclair and Company 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% straight line on cost or revaluation
Plant and machinery etc - 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.

J H Sinclair and Company Limited (Registered number: 00716107)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2021 - 6 ) .

4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 December 2021 930,000 268,466 51,815 1,250,281
Additions - 3,820 - 3,820
At 30 November 2022 930,000 272,286 51,815 1,254,101
Depreciation
At 1 December 2021 148,800 221,112 28,397 398,309
Charge for year 18,600 5,121 5,855 29,576
At 30 November 2022 167,400 226,233 34,252 427,885
Net book value
At 30 November 2022 762,600 46,053 17,563 826,216
At 30 November 2021 781,200 47,354 23,418 851,972

J H Sinclair and Company Limited (Registered number: 00716107)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 December 2021
and 30 November 2022 27,870
Depreciation
At 1 December 2021 6,968
Charge for year 5,226
At 30 November 2022 12,194
Net book value
At 30 November 2022 15,676
At 30 November 2021 20,902

5. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 60,185 29,795
Other debtors 11,801 7,260
71,986 37,055

6. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 145,422 108,449
Trade creditors 220,023 189,654
Taxation and social security 98,893 30,110
Other creditors 39,936 18,825
504,274 347,038

7. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans 220,510 263,340
Hire purchase contracts 20,438 26,012
Other creditors 35,655 45,281
276,603 334,633

J H Sinclair and Company Limited (Registered number: 00716107)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

7. Creditors: amounts falling due after more than one year - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 84,110 126,940

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2,300 Ordinary £1 2,300 2,300