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REGISTERED NUMBER: 00118102 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

H.J.SKELTON & CO.,LIMITED

H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.J.SKELTON & CO.,LIMITED

COMPANY INFORMATION
for the year ended 30 NOVEMBER 2023







DIRECTORS: J.W.G. Smith
H.R.G. Smith



SECRETARY: J.W.G. Smith



REGISTERED OFFICE: 9, The Broadway
Thatcham
Berks
RG19 3JA



REGISTERED NUMBER: 00118102 (England and Wales)



ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG



BANKERS: NatWest Bank plc
30 Market Place
Newbury
Berks
RG14 5AJ

H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,819 2,993
Investments 5 225 240
2,044 3,233

CURRENT ASSETS
Debtors 6 177,840 143,869
Cash at bank 434,545 332,855
612,385 476,724
CREDITORS
Amounts falling due within one year 7 197,736 124,728
NET CURRENT ASSETS 414,649 351,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,693

355,229

PROVISIONS FOR LIABILITIES 9 368 558
NET ASSETS 416,325 354,671

CAPITAL AND RESERVES
Called up share capital 10 60,000 60,000
Revaluation reserve 11 225 240
Retained earnings 11 356,100 294,431
SHAREHOLDERS' FUNDS 416,325 354,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)

BALANCE SHEET - continued
30 NOVEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:




J.W.G. Smith - Director



H.R.G. Smith - Director


H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

H.J.Skelton & Co.,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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 5% on cost
Office equipment - 25% on cost and 15% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Short Office
leasehold equipment Totals
£    £    £   
COST
At 1 December 2022 1,121 28,313 29,434
Disposals - (2,796 ) (2,796 )
At 30 November 2023 1,121 25,517 26,638
DEPRECIATION
At 1 December 2022 1,120 25,321 26,441
Charge for year - 1,174 1,174
Eliminated on disposal - (2,796 ) (2,796 )
At 30 November 2023 1,120 23,699 24,819
NET BOOK VALUE
At 30 November 2023 1 1,818 1,819
At 30 November 2022 1 2,992 2,993

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 December 2022 240
Revaluations (15 )
At 30 November 2023 225
NET BOOK VALUE
At 30 November 2023 225
At 30 November 2022 240

H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 NOVEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2023 is represented by:

Listed
investments
£   
Valuation in 2014 382
Valuation in 2015 (84 )
Valuation in 2016 6
Valuation in 2017 46
Valuation in 2018 (75 )
Valuation in 2019 (2 )
Valuation in 2020 (60 )
Valuation in 2021 46
Valuation in 2022 (37 )
Valuation in 2023 (12 )
Cost 15
225

If the shares in Aviva plc had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 15 15
Aggregate provisions (308 ) (308 )

Shares in Aviva plc were valued on an open market basis on 30 November 2023 by Aviva plc .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 174,625 140,295
Tax 202 -
Prepayments and accrued income 3,013 3,574
177,840 143,869

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 85,695 41,546
Tax 15,722 11,812
Social security and other taxes 2,647 2,345
VAT 49,578 20,833
Other creditors 24,551 23,817
Directors' current accounts 1,250 2,500
Accrued expenses 18,293 21,875
197,736 124,728

H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 NOVEMBER 2023

8. LEASING AGREEMENTS
At the year end the company had total commitments under operating leases in respect of a motor vehicle totalling £5,945 (2022 : £13,872)

The company also had total commitments under operating leases in respect of rent totalling £4,000 (2022 : £4,000) and a printer totalling £133 (2022 : £320)

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 368 558

Deferred
tax
£   
Balance at 1 December 2022 558
Provided during year (190 )
Accelerated Capital Allowances
Balance at 30 November 2023 368

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
60,000 Ordinary £1 60,000 60,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 294,431 240 294,671
Profit for the year 62,919 62,919
Dividends (1,250 ) (1,250 )
Revaluation of Investments - (15 ) (15 )
At 30 November 2023 356,100 225 356,325

12. CONTINGENT LIABILITIES

There were no contingent liabilities at 30th November 2023 or at 30th November 2022.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the 30th November 2023 the company owed to Mr J.W.G. Smith, one of the directors, £1,250 (2022 : £2,500)

14. ULTIMATE CONTROLLING PARTY

Mr J.W.G. Smith, a director, together with members of his close family, control the company by virtue of a controlling interest of 100% of the issued ordinary share capital.