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REGISTERED NUMBER: 03369414 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HONNOR & JEFFREY LIMITED

HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

HONNOR & JEFFREY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs M Honnor
T Honnor
J Honnor





SECRETARY: T Honnor





REGISTERED OFFICE: Afton Garden Centre
Afton Road
Freshwater
Isle of Wight
PO40 9UH





REGISTERED NUMBER: 03369414 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,848,546 1,860,439
1,848,546 1,860,439

CURRENT ASSETS
Stocks 6 529,951 505,667
Debtors 7 196,607 225,241
Cash at bank 1,062,881 867,151
1,789,439 1,598,059
CREDITORS
Amounts falling due within one year 8 273,527 232,885
NET CURRENT ASSETS 1,515,912 1,365,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,364,458

3,225,613

PROVISIONS FOR LIABILITIES 52,967 47,743
NET ASSETS 3,311,491 3,177,870

CAPITAL AND RESERVES
Called up share capital 127,001 127,001
Capital redemption reserve 14,000 14,000
Retained earnings 3,170,490 3,036,869
SHAREHOLDERS' FUNDS 3,311,491 3,177,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





T Honnor - Director


HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Honnor & Jeffrey Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The company operates garden centres where sale of goods are recognised at point of delivery. Retail sales are usually by cash, credit or payment cards. Revenue is measured at the fair value of the consideration received or receivable, net of returns and value added taxes. The company recognises income when the significant risks and rewards of ownership have been transferred to the buyer and the amount of revenue can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the incorporation of the business, was amortised evenly over its estimated use life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost or valuation less any accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost in calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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 is recognised at the amount of tax payable using the tax rates and laws that 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 difference.

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.

Hire purchase and leasing commitments
Leases that do not transfer all the risks and rewards are classified as operating leases. Rental payments under operating leases are charged to the income statement on a straight line basis over the term of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid the company has no further payment obligations. Amounts not paid at the year end are shown in other creditors. The assets of the plan are held separately from the company in independently administered funds.

Employment benefits
Short term benefits, including holiday pay, are recognised in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 53 ) .

HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 85,000
AMORTISATION
At 1 January 2024
and 31 December 2024 85,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 2,116,405 533,638 129,945 2,779,988
Additions 7,031 9,083 62,948 79,062
Disposals - (10,564 ) (3,375 ) (13,939 )
At 31 December 2024 2,123,436 532,157 189,518 2,845,111
DEPRECIATION
At 1 January 2024 461,754 351,802 105,993 919,549
Charge for year 33,233 37,735 17,289 88,257
Eliminated on disposal - (8,319 ) (2,922 ) (11,241 )
At 31 December 2024 494,987 381,218 120,360 996,565
NET BOOK VALUE
At 31 December 2024 1,628,449 150,939 69,158 1,848,546
At 31 December 2023 1,654,651 181,836 23,952 1,860,439

6. STOCKS
2024 2023
£    £   
Goods for resale 529,951 505,667

HONNOR & JEFFREY LIMITED (REGISTERED NUMBER: 03369414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,268 21,942
Other debtors 175,339 203,299
196,607 225,241

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,260 87,771
Taxation and social security 170,061 117,936
Other creditors 27,206 27,178
273,527 232,885

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
T Honnor
Balance outstanding at start of year 147,550 204,274
Amounts advanced 3,126 3,796
Amounts repaid (30,520 ) (60,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 120,156 147,550

Interest is being charged on the loan at the beneficial loan interest rates.

The balance outstanding is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HONNOR & JEFFREY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Honnor & Jeffrey Limited for the year ended 31 December 2024 on pages three to eleven from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Honnor & Jeffrey Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Honnor & Jeffrey Limited and state those matters that we have agreed to state to the Board of Directors of Honnor & Jeffrey Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Honnor & Jeffrey Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Honnor & Jeffrey Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Honnor & Jeffrey Limited. You consider that Honnor & Jeffrey Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Honnor & Jeffrey Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA


12 August 2025