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REGISTERED NUMBER: 09390277 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

H J FINANCIAL SERVICES LIMITED

H J FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 09390277)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H J FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTORS: P Jaggers
H Jaggers





REGISTERED OFFICE: Magma House
16 Davy Court
Castle Mound Way
Rugby
Warwickshire
CV23 0UZ





REGISTERED NUMBER: 09390277 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

H J FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 09390277)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 634 1,166

CURRENT ASSETS
Cash at bank and in hand 38,194 29,292

CREDITORS
Amounts falling due within one year 5 (32,676 ) (26,461 )
NET CURRENT ASSETS 5,518 2,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,152

3,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,052 3,897
SHAREHOLDERS' FUNDS 6,152 3,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2022 and were signed on its behalf by:





H Jaggers - Director


H J FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 09390277)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022


1. COMPANY INFORMATION

H J Financial Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09390277 and its registered office is Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ.

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.

The presentational currency of the financial statements is Sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost also includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below.

Computer Equipment- 25% straight line
Fixtures and Fittings- 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant changes since the lat reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


H J FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 09390277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 408 5,631 6,039
DEPRECIATION
At 1 April 2021 102 4,771 4,873
Charge for year 102 430 532
At 31 March 2022 204 5,201 5,405
NET BOOK VALUE
At 31 March 2022 204 430 634
At 31 March 2021 306 860 1,166

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 136 -
Taxation and social security 29,994 24,985
Other creditors 2,546 1,476
32,676 26,461

6. RELATED PARTY DISCLOSURES

During the year H J Financial Services Limited made sales to the connected company amounting to £106,069 (2021: £65,332).