REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
H.J.SKELTON & CO.,LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
BANKERS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Revaluation reserve | 11 |
Retained earnings | 11 |
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. |
H.J.SKELTON & CO.,LIMITED (REGISTERED NUMBER: 00118102) |
BALANCE SHEET - continued |
30 NOVEMBER 2023 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Short leasehold | - |
Office equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Short | Office |
leasehold | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2022 |
Disposals | ( |
) | ( |
) |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
5. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
COST OR VALUATION |
At 1 December 2022 |
Revaluations | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
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 |
Tax |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 49,578 | 20,833 |
Other creditors |
Directors' current accounts | 1,250 | 2,500 |
Accrued expenses |
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 |
Provided during year | ( |
) |
Accelerated Capital Allowances |
Balance at 30 November 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.11.22 |
value: | £ | £ |
Ordinary | £1 | 60,000 | 60,000 |
11. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 December 2022 | 294,671 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Revaluation of Investments | - | (15 | ) | (15 | ) |
At 30 November 2023 | 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. |