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Registration number: 00808151

John Hall and Company of Stourbridge Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

John Hall and Company of Stourbridge Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

John Hall and Company of Stourbridge Limited

Company Information

Directors

Mr M K Garrington

Mr J A Syree

Mrs RTG Mellor

Ms N F Dawson

Ms S D Mellor

Registered office

Junction Road
Audnam
Stourbridge
West Midlands
DY8 4YH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

John Hall and Company of Stourbridge Limited

(Registration number: 00808151)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

708,373

246,541

Investment property

5

166,935

305,412

Investments

6

49,054

49,054

 

924,362

601,007

Current assets

 

Debtors

8

727,050

651,135

Other financial assets

7

889,862

1,066,123

Cash at bank and in hand

 

362,542

309,389

 

1,979,454

2,026,647

Creditors: Amounts falling due within one year

9

(50,902)

(34,343)

Net current assets

 

1,928,552

1,992,304

Net assets

 

2,852,914

2,593,311

Capital and reserves

 

Called up share capital

92,048

92,048

Share premium reserve

98,667

98,667

Capital redemption reserve

11,462

11,462

Retained earnings

2,650,737

2,391,134

Shareholders' funds

 

2,852,914

2,593,311

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the Board on 2 October 2024 and signed on its behalf by:
 

.........................................
Ms S D Mellor
Director

   
     
 

John Hall and Company of Stourbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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:
Junction Road
Audnam
Stourbridge
West Midlands
DY8 4YH

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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.

 

John Hall and Company of Stourbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% on cost or valuation of buildings

Fixtures and fittings

33.3% on cost

Motor vehicles

25% on cost

Computer equipment

25% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 Hall and Company of Stourbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 6).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

397,507

20,255

103,566

521,328

Additions

459,487

-

39,500

498,987

Disposals

-

-

(25,261)

(25,261)

At 30 June 2024

856,994

20,255

117,805

995,054

Depreciation

At 1 July 2023

215,540

18,962

40,285

274,787

Charge for the year

6,459

853

28,265

35,577

Eliminated on disposal

-

-

(23,683)

(23,683)

At 30 June 2024

221,999

19,815

44,867

286,681

Carrying amount

At 30 June 2024

634,995

440

72,938

708,373

At 30 June 2023

181,967

1,293

63,281

246,541

Included within the net book value of land and buildings above is £634,995 (2023 - £181,967) in respect of freehold land and buildings.
 

 

John Hall and Company of Stourbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Investment properties

2024
£

2023
£

At 1 July 2020

305,412

305,412

Additions

-

-

Disposals

(138,477)

-

At 30 June 2021

166,935

305,412


It is the opinion of the Directors that the current value of investment property is in line with its market value.

6

Investments

2024
£

2023
£

Investments in subsidiaries

49,054

49,054

Subsidiaries

£

Cost or valuation

At 1 July 2023

49,054

Provision

Carrying amount

At 30 June 2024

49,054

At 30 June 2023

49,054

 

John Hall and Company of Stourbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 July 2023

1,066,123

1,066,123

Fair value adjustments

102,005

102,005

Additions

91,098

91,098

Disposals

(369,364)

(369,364)

At 30 June 2024

889,862

889,862

Carrying amount

At 30 June 2024

889,862

889,862

 

John Hall and Company of Stourbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

666,474

636,474

Other debtors

 

60,576

14,661

 

727,050

651,135

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

4,102

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

20,000

20,000

Taxation and social security

 

4,975

2,681

Accruals and deferred income

 

21,825

11,662

 

50,902

34,343