Company registration number 07794995 (England and Wales)
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,172,317
1,209,093
Current assets
Stocks
3,000
3,000
Debtors
4
39,090
14,806
Cash at bank and in hand
104,488
163,213
146,578
181,019
Creditors: amounts falling due within one year
5
(184,658)
(185,506)
Net current liabilities
(38,080)
(4,487)
Total assets less current liabilities
1,134,237
1,204,606
Creditors: amounts falling due after more than one year
6
(698,150)
(767,445)
Provisions for liabilities
(4,427)
(5,095)
Net assets
431,660
432,066
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
431,560
431,966
Total equity
431,660
432,066
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 July 2024 and are signed on its behalf by:
Mr D Ralley
Director
Company registration number 07794995 (England and Wales)
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information
St Johns House (Staffordshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Johns House, 28 St John Street, Lichfield, Staffordshire, England, WS13 6PB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised on the completion of the service being provided.
1.3
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings
2% on cost
Leasehold improvements
5% on cost
Fixtures and fittings
20% on cost
Motor vehicles
20% on cost
1.4
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
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
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 differences.
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.
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Retirement benefits
The company operates a defined contributions pension scheme. Contributions payable to the company's pensions scheme are charged to the profit or loss in the period to which they relate.
1.7
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
15
15
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2022
1,497,976
182,018
1,679,994
Additions
10,374
7,486
17,860
Disposals
(3,000)
(3,000)
At 31 October 2023
1,508,350
186,504
1,694,854
Depreciation and impairment
At 1 November 2022
315,346
155,555
470,901
Depreciation charged in the year
43,537
11,099
54,636
Eliminated in respect of disposals
(3,000)
(3,000)
At 31 October 2023
358,883
163,654
522,537
Carrying amount
At 31 October 2023
1,149,467
22,850
1,172,317
At 31 October 2022
1,182,630
26,463
1,209,093
ST JOHNS HOUSE (STAFFORDSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,057
8,836
Other debtors
19,033
5,970
39,090
14,806
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
74,117
67,424
Trade creditors
10,642
30,001
Taxation and social security
36,568
39,559
Other creditors
63,331
48,522
184,658
185,506
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
498,150
567,445
Other creditors
200,000
200,000
698,150
767,445