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Company Registration No. 13935533 (England and Wales)
John Howard (Fife) Limited Unaudited accounts for the period from 23 February 2022 to 28 February 2023
John Howard (Fife) Limited Unaudited accounts Contents
Page
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John Howard (Fife) Limited Company Information for the period from 23 February 2022 to 28 February 2023
Directors
John Howard Lydia Sayers
Company Number
13935533 (England and Wales)
Registered Office
47a Broadgates Market Place Henley-On-Thames RG9 2AD United Kingdom
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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John Howard (Fife) Limited Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Current assets
Inventories
2,176,598 
Cash at bank and in hand
2 
2,176,600 
Creditors: amounts falling due within one year
(2,178,698)
Net current liabilities
(2,098)
Net liabilities
(2,098)
Capital and reserves
Called up share capital
2 
Profit and loss account
(2,100)
Shareholders' funds
(2,098)
For the period ending 28 February 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 21 November 2023 and were signed on its behalf by
John Howard Director Company Registration No. 13935533
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John Howard (Fife) Limited Notes to the Accounts for the period from 23 February 2022 to 28 February 2023
1
Statutory information
John Howard (Fife) Limited is a private company, limited by shares, registered in England and Wales, registration number 13935533. The registered office is 47a Broadgates Market Place, Henley-On-Thames, RG9 2AD, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the directors consider it appropriate to prepare the accounts on a going concern basis.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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John Howard (Fife) Limited Notes to the Accounts for the period from 23 February 2022 to 28 February 2023
Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
4
Inventories
2023 
£ 
Work in progress
2,176,598 
2,176,598 
5
Creditors: amounts falling due within one year
2023 
£ 
Other creditors
2,176,598 
Accruals
2,100 
2,178,698 
6
Share capital
2023 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
Shares issued during the period:
2 Ordinary shares of £1 each
2 
7
Controlling party
During the period under review, there was no ultimate controlling party.
8
Average number of employees
During the period the average number of employees was 2.
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