Company Registration No. 08958361 (England and Wales)
J&E HIGHAM & COMPANY LTD
Unaudited accounts
for the year ended 31 March 2023
J&E HIGHAM & COMPANY LTD
Unaudited accounts
Contents
J&E HIGHAM & COMPANY LTD
Company Information
for the year ended 31 March 2023
Directors
J Higham
E Higham
Company Number
08958361 (England and Wales)
Registered Office
Sky Cottage
86 Church Street
Edenbridge
TN8 5BQ
Accountants
G Schulz & Company Ltd
Chartered Management Accountants
G W Schulz ACMA
3 Lane Close
Horsham, West Sussex
RH12 3UF
J&E HIGHAM & COMPANY LTD
Statement of financial position
as at 31 March 2023
Intangible assets
9,000
18,000
Tangible assets
2,207
4,983
Cash at bank and in hand
15,129
5,887
Creditors: amounts falling due within one year
(29,703)
(33,799)
Net current (liabilities)/assets
(44)
6,492
Total assets less current liabilities
11,163
29,475
Creditors: amounts falling due after more than one year
(1,900)
(1,900)
Called up share capital
90,000
90,000
Profit and loss account
(80,737)
(62,425)
Shareholders' funds
9,263
27,575
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by
J Higham
Director
Company Registration No. 08958361
J&E HIGHAM & COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2023
J&E HIGHAM & COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 08958361. The registered office is Sky Cottage, 86 Church Street, Edenbridge, TN8 5BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Computer equipment
33% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
J&E HIGHAM & COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
65,358
9,254
74,612
At 31 March 2023
65,358
9,778
75,136
At 1 April 2022
62,674
6,955
69,629
Charge for the year
1,563
1,737
3,300
At 31 March 2023
64,237
8,692
72,929
At 31 March 2023
1,121
1,086
2,207
At 31 March 2022
2,684
2,299
4,983
Amounts falling due within one year
Trade debtors
11,250
32,118
J&E HIGHAM & COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,593
9,089
Trade creditors
4,227
11,136
Taxes and social security
3,844
7,095
Other creditors
1,010
2,204
Deferred income
7,750
3,875
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,900
1,900
9
Average number of employees
During the year the average number of employees was 3 (2022: 5).