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Registered number: 01214881
J.Hall & Son(Bakers)Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Merlin Tax and Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01214881
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 862,736 882,692
Investments 5 3,250 3,250
865,986 885,942
CURRENT ASSETS
Stocks 6 41,804 41,195
Debtors 7 1,315,901 1,282,166
Cash at bank and in hand 360,061 164,112
1,717,766 1,487,473
Creditors: Amounts Falling Due Within One Year 8 (324,872 ) (295,705 )
NET CURRENT ASSETS (LIABILITIES) 1,392,894 1,191,768
TOTAL ASSETS LESS CURRENT LIABILITIES 2,258,880 2,077,710
Creditors: Amounts Falling Due After More Than One Year 9 (365,957 ) (387,798 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,634 ) (13,634 )
NET ASSETS 1,879,289 1,676,278
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,879,189 1,676,178
SHAREHOLDERS' FUNDS 1,879,289 1,676,278
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J Hall
Director
26/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
J.Hall & Son(Bakers)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01214881 . The registered office is Unit S6 Inchbrook Trading Est, Bath Road Woodchester, Stroud, Gloucestershire, GL5 5EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Leasehold Over period of lease
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
No depreciation is provided on the company's freehold property since in the opinion of the Directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The Directors undertake an annual impairment review of these properties.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 86 (2023: 78)
86 78
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 July 2023 585,616 125,194 595,830 242,730 1,549,370
Additions - - 69,879 44,650 114,529
Disposals - - (62,266 ) (96,340 ) (158,606 )
As at 30 June 2024 585,616 125,194 603,443 191,040 1,505,293
Depreciation
As at 1 July 2023 - 79,468 463,341 123,869 666,678
Provided during the period 11,712 47 25,142 26,959 63,860
Disposals - - (27,496 ) (60,485 ) (87,981 )
As at 30 June 2024 11,712 79,515 460,987 90,343 642,557
Net Book Value
As at 30 June 2024 573,904 45,679 142,456 100,697 862,736
As at 1 July 2023 585,616 45,726 132,489 118,861 882,692
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5. Investments
Unlisted
£
Cost
As at 1 July 2023 3,250
As at 30 June 2024 3,250
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 3,250
As at 1 July 2023 3,250
6. Stocks
2024 2023
£ £
Stock 41,804 41,195
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 337,603 319,163
Prepayments and accrued income 58,149 50,264
Other debtors 3,607 4,940
Other debtors (1) 24,525 17,150
Directors' loan accounts 16,441 10,598
Amounts owed by other participating interests - 880,051
440,325 1,282,166
Due after more than one year
Amounts owed by other participating interests 875,576 -
1,315,901 1,282,166
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,125 33,255
Trade creditors 83,092 89,183
Bank loans and overdrafts 45,112 46,329
Corporation tax 94,454 75,744
Other taxes and social security 39,789 29,095
Net wages 4,295 4,463
Other creditors 300 120
Accruals and deferred income 6,995 6,380
Directors' loan accounts 13,710 11,136
324,872 295,705
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,361 37,143
Bank loans 323,596 350,655
365,957 387,798
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 37,125 33,255
Later than one year and not later than five years 42,361 37,143
79,486 70,398
79,486 70,398
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr John Hall 10,597 8,631 2,789 - 16,440
The above loan is unsecured, interest free and repayable on demand.
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