Silverfin false false 03/09/2023 04/09/2022 03/09/2023 James Alexander Hall 06/09/1994 Lorraine Hall 06/09/1994 Lorraine Hall 07 April 2024 The principal activity of the Company during the financial year was that of the supply of quality control engineering services. SC152928 2023-09-03 SC152928 bus:Director1 2023-09-03 SC152928 bus:Director2 2023-09-03 SC152928 2022-09-03 SC152928 core:CurrentFinancialInstruments 2023-09-03 SC152928 core:CurrentFinancialInstruments 2022-09-03 SC152928 core:ShareCapital 2023-09-03 SC152928 core:ShareCapital 2022-09-03 SC152928 core:RetainedEarningsAccumulatedLosses 2023-09-03 SC152928 core:RetainedEarningsAccumulatedLosses 2022-09-03 SC152928 core:PlantMachinery 2022-09-03 SC152928 core:PlantMachinery 2023-09-03 SC152928 bus:OrdinaryShareClass1 2023-09-03 SC152928 2022-09-04 2023-09-03 SC152928 bus:FilletedAccounts 2022-09-04 2023-09-03 SC152928 bus:SmallEntities 2022-09-04 2023-09-03 SC152928 bus:AuditExemptWithAccountantsReport 2022-09-04 2023-09-03 SC152928 bus:PrivateLimitedCompanyLtd 2022-09-04 2023-09-03 SC152928 bus:Director1 2022-09-04 2023-09-03 SC152928 bus:Director2 2022-09-04 2023-09-03 SC152928 bus:CompanySecretary1 2022-09-04 2023-09-03 SC152928 core:PlantMachinery 2022-09-04 2023-09-03 SC152928 2021-09-04 2022-09-03 SC152928 bus:OrdinaryShareClass1 2022-09-04 2023-09-03 SC152928 bus:OrdinaryShareClass1 2021-09-04 2022-09-03 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC152928 (Scotland)

J HALL (QUALITY CONTROL) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 03 SEPTEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

J HALL (QUALITY CONTROL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 03 SEPTEMBER 2023

Contents

J HALL (QUALITY CONTROL) LIMITED

BALANCE SHEET

AS AT 03 SEPTEMBER 2023
J HALL (QUALITY CONTROL) LIMITED

BALANCE SHEET (continued)

AS AT 03 SEPTEMBER 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 207 276
207 276
Current assets
Debtors 4 10,220 10,220
Cash at bank and in hand 403 2,155
10,623 12,375
Creditors: amounts falling due within one year 5 ( 4,973) ( 2,999)
Net current assets 5,650 9,376
Total assets less current liabilities 5,857 9,652
Net assets 5,857 9,652
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 5,757 9,552
Total shareholders' funds 5,857 9,652

For the financial year ending 03 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of J Hall (Quality Control) Limited (registered number: SC152928) were approved and authorised for issue by the Board of Directors on 07 April 2024. They were signed on its behalf by:

James Alexander Hall
Director
J HALL (QUALITY CONTROL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 03 SEPTEMBER 2023
J HALL (QUALITY CONTROL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 03 SEPTEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J Hall (Quality Control) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 34 Homefarm Park, The Meadows, Rothienorman, AB51 8SB, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for the quality control engineering services and is recognised on the accruals basis dependent on when the service is provided

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 04 September 2022 430 430
At 03 September 2023 430 430
Accumulated depreciation
At 04 September 2022 154 154
Charge for the financial year 69 69
At 03 September 2023 223 223
Net book value
At 03 September 2023 207 207
At 03 September 2022 276 276

4. Debtors

2023 2022
£ £
Corporation tax 1,385 1,385
Other debtors 8,835 8,835
10,220 10,220

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 316
Other creditors 4,973 2,683
4,973 2,999

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100