HUNKINS J LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R Hunkins

SECRETARY:

Mrs V A F Wood

REGISTERED OFFICE:

8 The Farmstead

Bolton-Upon-Dearne

ROTHERHAM

South Yorkshire

S63 8GW

REGISTERED NUMBER:

15322757 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Intangible assets

4

6,490

Tangible assets

5

111,682

118,172

CURRENT ASSETS

Stocks

82,499

Debtors

6

91,089

Cash at bank

7,199

180,787

CREDITORS

Amounts falling due within one year

7

125,270

NET CURRENT ASSETS

55,517

TOTAL ASSETS LESS CURRENT LIABILITIES

173,689

CREDITORS

Amounts falling due after more than one year

8

(161,872

)

PROVISIONS FOR LIABILITIES

9

(2,266

)

NET ASSETS

9,551

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

9,550

SHAREHOLDERS' FUNDS

9,551

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

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

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

J R Hunkins - Director

1.	STATUTORY INFORMATION

Hunkins J 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Franchise fee are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Franchise

fee

£

COST

Additions

6,600

At 31 December 2024

6,600

AMORTISATION

Amortisation for period

110

At 31 December 2024

110

NET BOOK VALUE

At 31 December 2024

6,490

The franchise fee is being written of over a 5 year period.

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

1,950

109,121

3,000

114,071

At 31 December 2024

1,950

109,121

3,000

114,071

DEPRECIATION

Charge for period

33

2,273

83

2,389

At 31 December 2024

33

2,273

83

2,389

NET BOOK VALUE

At 31 December 2024

1,917

106,848

2,917

111,682

The net book value of tangible fixed assets includes £ 106,848 in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

50,046

Other debtors

321

VAT

40,722

91,089

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

44,457

Hire purchase contracts

15,156

Trade creditors

17,055

Other creditors

36,533

Directors' current accounts

11,324

Accrued expenses

745

125,270

The director's loan account is interest free and repayable on demand

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 1-2 years

7,610

Bank loans - 2-5 years

22,831

Bank loans more 5 yr by instal

37,466

Hire purchase contracts

93,965

161,872

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

37,466

9.	PROVISIONS FOR LIABILITIES

£

Deferred tax

2,266

Deferred

tax

£

Accelerated capital allowances

2,266

Balance at 31 December 2024

2,266

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1.00

1

1 Ordinary share of £1.00 was allotted and fully paid for cash at par during the period.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is J R Hunkins.