Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseNo description of principal activity1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 996732 2022-10-01 2023-09-30 996732 2021-10-01 2022-09-30 996732 2023-09-30 996732 2022-09-30 996732 c:Director3 2022-10-01 2023-09-30 996732 d:PlantMachinery 2022-10-01 2023-09-30 996732 d:PlantMachinery 2023-09-30 996732 d:PlantMachinery 2022-09-30 996732 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 996732 d:MotorVehicles 2022-10-01 2023-09-30 996732 d:MotorVehicles 2023-09-30 996732 d:MotorVehicles 2022-09-30 996732 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 996732 d:FurnitureFittings 2022-10-01 2023-09-30 996732 d:FurnitureFittings 2023-09-30 996732 d:FurnitureFittings 2022-09-30 996732 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 996732 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 996732 d:CurrentFinancialInstruments 2023-09-30 996732 d:CurrentFinancialInstruments 2022-09-30 996732 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 996732 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 996732 d:ShareCapital 2023-09-30 996732 d:ShareCapital 2022-09-30 996732 d:CapitalRedemptionReserve 2023-09-30 996732 d:CapitalRedemptionReserve 2022-09-30 996732 d:RetainedEarningsAccumulatedLosses 2023-09-30 996732 d:RetainedEarningsAccumulatedLosses 2022-09-30 996732 c:OrdinaryShareClass1 2022-10-01 2023-09-30 996732 c:OrdinaryShareClass1 2023-09-30 996732 c:OrdinaryShareClass1 2022-09-30 996732 c:FRS102 2022-10-01 2023-09-30 996732 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 996732 c:FullAccounts 2022-10-01 2023-09-30 996732 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 996732 2 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 996732









J HALL & SON (FASTENERS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
J HALL & SON (FASTENERS) LIMITED
REGISTERED NUMBER: 996732

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
64,515
56,735

Current assets
  

Stocks
 5 
160,933
124,478

Debtors: amounts falling due within one year
 6 
296,677
170,765

Cash at bank and in hand
 7 
276,631
336,360

  
734,241
631,603

Creditors: amounts falling due within one year
 8 
(245,350)
(165,381)

Net current assets
  
 
 
488,891
 
 
466,222

Total assets less current liabilities
  
553,406
522,957

  

Net assets
  
553,406
522,957


Capital and reserves
  

Called up share capital 
 9 
80
80

Capital redemption reserve
  
9,980
9,980

Profit and loss account
  
543,346
512,897

  
553,406
522,957


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.



Page 1

 
J HALL & SON (FASTENERS) LIMITED
REGISTERED NUMBER: 996732
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023



S J Hall
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
J HALL & SON (FASTENERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

J Hall & Son (Fasteners) Limited is a private company limited by share capital domiciled in England and Wales.The registered office is situated at Longmore Avenue, Bentley Mill Industrial Estate, Walsall, WS2 0BW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the financial resources available along with the future plans for the Company when considering the going concern of the Company. After making enquiries, the directors have a reasonable expectation that the Company will have access to adequate resources to continue in operational existence for the foreseeable future given the cash balance and net assets. Accordingly, they continue to adopt the going concern basis in the preparation of the financial statements..

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
J HALL & SON (FASTENERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment
-
25%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
J HALL & SON (FASTENERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 5

 
J HALL & SON (FASTENERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).


4.


TANGIBLE FIXED ASSETS





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2022
63,795
92,861
41,773
198,429


Additions
-
45,885
-
45,885


Disposals
-
(39,346)
-
(39,346)



At 30 September 2023

63,795
99,400
41,773
204,968



Depreciation


At 1 October 2022
63,795
36,126
41,773
141,694


Charge for the year on owned assets
-
21,506
-
21,506


Disposals
-
(22,747)
-
(22,747)



At 30 September 2023

63,795
34,885
41,773
140,453



Net book value



At 30 September 2023
-
64,515
-
64,515



At 30 September 2022
-
56,735
-
56,735

Page 6

 
J HALL & SON (FASTENERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Stocks

2023
2022
£
£

Raw materials
160,933
124,478



6.


Debtors

2023
2022
£
£


Trade debtors
287,945
163,711

Prepayments and accrued income
8,732
7,054

296,677
170,765



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
276,631
336,360



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
108,595
93,450

Corporation tax
16,969
1,820

Other taxation and social security
40,049
23,871

Other creditors
12,900
33,900

Accruals and deferred income
66,837
12,340

245,350
165,381


Page 7

 
J HALL & SON (FASTENERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



80 (2022 - 80) Ordinary shares of £1.00 each
80
80



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £44,430 (2022 - £24,574). Contributions totalling £nil (2022 - £nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 8