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REGISTERED NUMBER: 03242939 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Halifax and Johnson Limited

Halifax and Johnson Limited (Registered number: 03242939)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Halifax and Johnson Limited

Company Information
for the Year Ended 31 October 2023







Directors: P K Halifax
A M Johnson
Mrs P M Johnson
J A Halifax





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: Poplar Tree Farm
Sutton St James
Spalding
Lincolnshire
PE12 0HY





Registered number: 03242939 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Halifax and Johnson Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Halifax and Johnson Limited for the year ended 31 October 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Halifax and Johnson Limited, as a body, in accordance with the terms of our engagement letter dated 29 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Halifax and Johnson Limited and state those matters that we have agreed to state to the Board of Directors of Halifax and Johnson Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halifax and Johnson Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Halifax and Johnson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Halifax and Johnson Limited. You consider that Halifax and Johnson 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 financial statements of Halifax and Johnson 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 financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


3 April 2024

Halifax and Johnson Limited (Registered number: 03242939)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 360,167 384,571

Current assets
Debtors 6 94,180 102,342
Cash at bank 863,029 929,560
957,209 1,031,902
Creditors
Amounts falling due within one year 7 41,657 89,644
Net current assets 915,552 942,258
Total assets less current liabilities 1,275,719 1,326,829

Provisions for liabilities 6,232 7,596
Net assets 1,269,487 1,319,233

Capital and reserves
Called up share capital 8 500 500
Retained earnings 1,268,987 1,318,733
Shareholders' funds 1,269,487 1,319,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Halifax and Johnson Limited (Registered number: 03242939)

Statement of Financial Position - continued
31 October 2023


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 18 March 2024 and were signed on its behalf by:




A M Johnson - Director P K Halifax - Director




J A Halifax - Director Mrs P M Johnson - Director


Halifax and Johnson Limited (Registered number: 03242939)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. Statutory information

Halifax and Johnson 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - Not depreciated
Freehold buildings - 5% on a straight line basis
Plant and machinery - 20% on reducing balance

Due to its infinite useful life, no depreciation is charged on freehold land. Improvements to freehold land including buildings are depreciated on a straight line basis over 20 years.

Impairment of fixed assets

The carrying values of tangible fixed assets are reviewed for impairment annually by the directors without revaluing the assets. Where the aggregate value of those assets is less than the aggregate that they are stated in the company's accounts, a provision will be made for any material impairment.


Halifax and Johnson Limited (Registered number: 03242939)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


3. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

Halifax and Johnson Limited (Registered number: 03242939)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. Tangible fixed assets
Freehold Freehold Plant and
land buildings machinery Totals
£    £    £    £   
Cost
At 1 November 2022 144,000 890,413 166,545 1,200,958
Additions - - 7,000 7,000
At 31 October 2023 144,000 890,413 173,545 1,207,958
Depreciation
At 1 November 2022 - 676,922 139,465 816,387
Charge for year - 24,590 6,814 31,404
At 31 October 2023 - 701,512 146,279 847,791
Net book value
At 31 October 2023 144,000 188,901 27,266 360,167
At 31 October 2022 144,000 213,491 27,080 384,571

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 70,907 81,991
Prepayments and accrued income 23,273 20,351
94,180 102,342

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 6,960 -
Corporation tax 8,894 32,223
VAT 8,101 15,405
Accruals and deferred income 17,702 42,016
41,657 89,644

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
250 Ordinary A Shares £1 250 250
250 Ordinary B Shares £1 250 250
500 500