Hurren & Jubb Accountants Limited
Filleted Accounts
31 May 2023
Registered number
03110011
Hurren & Jubb Accountants Limited
Registered number: 03110011
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 185,169 9,511
Current assets
Debtors 4 257,652 281,436
Cash at bank and in hand 107,964 115,169
365,616 396,605
Creditors: amounts falling due within one year 5 (143,721) (151,235)
Net current assets 221,895 245,370
Total assets less current liabilities 407,064 254,881
Creditors: amounts falling due after more than one year 6 (139,413) -
Net assets 267,651 254,881
Capital and reserves
Called up share capital 110 110
Profit and loss account 267,541 254,771
Shareholders' funds 267,651 254,881
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Jubb
Director
Approved by the board on 22 September 2023
Hurren & Jubb Accountants Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
Office equipment 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 21 21
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 22,421 - 22,421
Additions 6,041 187,630 193,671
At 31 May 2023 28,462 187,630 216,092
Depreciation
At 1 June 2022 12,910 - 12,910
Charge for the year 2,333 15,680 18,013
At 31 May 2023 15,243 15,680 30,923
Net book value
At 31 May 2023 13,219 171,950 185,169
At 31 May 2022 9,511 - 9,511
4 Debtors 2023 2022
£ £
Trade debtors 87,521 66,670
Other debtors 170,131 214,766
257,652 281,436
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 19,449 -
Taxation and social security costs 94,259 120,476
Other creditors 30,013 30,759
143,721 151,235
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 139,413 -
7 Other information
Hurren & Jubb Accountants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2-4 Protection House
Albion Road
North Shields
Tyne & Wear
NE30 2RH
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