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Registration number: 08308096

John Foord (UK) Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

John Foord (UK) Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 9

 

John Foord (UK) Limited

Company Information

Directors

G Dickerson

G Copland

Fraser Samuel Griffiths

Registered office

80-83 Long Lane
London
EC1A 9ET

Auditors

Carbon Accountancy Limited
Chartered Accountants and Statutory Auditors
80-83 Long Lane
London
EC1A 9ET

 

John Foord (UK) Limited

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

G Dickerson

G Copland

Fraser Samuel Griffiths

Principal activity

The principal activity of the company is to provide plant and equipment, property valuations and appraisals - including construction and civil works valuations of industrial and commercial buildings.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 July 2024 and signed on its behalf by:
 

.........................................
G Dickerson
Director

 

John Foord (UK) Limited

(Registration number: 08308096)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

6

191,524

129,629

Cash at bank and in hand

 

451,414

216,896

 

642,938

346,525

Creditors: Amounts falling due within one year

7

(583,240)

(356,925)

Net assets/(liabilities)

 

59,698

(10,400)

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

58,698

(11,400)

Shareholders' funds/(deficit)

 

59,698

(10,400)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 July 2024 and signed on its behalf by:
 

.........................................
G Dickerson
Director

 

John Foord (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the Board on 5 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 5 July 2024 was John Leyden, who signed for and on behalf of Carbon Accountancy Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

John Foord (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

John Foord (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

John Foord (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Auditors' remuneration

2023
£

2022
£

Audit of the financial statements

5,000

5,000

Other fees to auditors

All other non-audit services

1,500

1,500


 

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2023

1,581

1,581

At 31 December 2023

1,581

1,581

Depreciation

At 1 January 2023

1,581

1,581

At 31 December 2023

1,581

1,581

Carrying amount

At 31 December 2023

-

-

6

Debtors

Current

2023
£

2022
£

Trade debtors

106,092

121,265

Prepayments

7,275

4,364

Other debtors

78,157

4,000

 

191,524

129,629

 

John Foord (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

8,908

Taxation and social security

17,000

4,855

Accruals and deferred income

41,187

6,500

Other creditors

525,053

336,662

583,240

356,925

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

9

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

At 31 December 2023
£

G Copland

Amount due from/(to) director

500

500

G Dickerson

Amount due from/(to) director

3,500

3,500

 

John Foord (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

2022

At 1 January 2022
£

At 31 December 2022
£

G Copland

Amount due from/(to) director

500

500

G Dickerson

Amount due from/(to) director

3,500

3,500

Summary of transactions with entities with joint control or significant interest

John Food (Asia) Pte Ltd.
(A Common Control by John Foord Holdings Pte Ltd,Singapore).

 The related party transaction(expenditure) includes the management fees of £637,200.
 

Expenditure with and payables to related parties

2023

Entities with joint control or significant influence
£

Rendering of services

960,208

Amounts payable to related party

533,255

2022

Entities with joint control or significant influence
£

Rendering of services

110,030

Amounts payable to related party

336,662