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REGISTERED NUMBER: SC527190 (Scotland)















BY JHP LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






BY JHP LTD (REGISTERED NUMBER: SC527190)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BY JHP LTD

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTORS: J Harrison
J Pearson





SECRETARY: J Pearson





REGISTERED OFFICE: 158 Queens Drive
Glasgow
G42 8QN





REGISTERED NUMBER: SC527190 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

BY JHP LTD (REGISTERED NUMBER: SC527190)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,057 60,795

CURRENT ASSETS
Debtors 5 64,017 34,363
Cash at bank 60,229 11,282
124,246 45,645
CREDITORS
Amounts falling due within one year 6 72,815 54,864
NET CURRENT ASSETS/(LIABILITIES) 51,431 (9,219 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,488

51,576

CREDITORS
Amounts falling due after more than one
year

7

38,894

51,167
NET ASSETS 72,594 409

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 72,592 407
SHAREHOLDERS' FUNDS 72,594 409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

BY JHP LTD (REGISTERED NUMBER: SC527190)

BALANCE SHEET - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





J Pearson - Director


BY JHP LTD (REGISTERED NUMBER: SC527190)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

By JHP Ltd is a private company, limited by shares , registered in Scotland. 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 represents the value of services provided by the company in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BY JHP LTD (REGISTERED NUMBER: SC527190)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 61,150 7,045 68,195
Additions - 1,797 1,797
Disposals - (655 ) (655 )
At 28 February 2023 61,150 8,187 69,337
DEPRECIATION
At 1 March 2022 2,446 4,954 7,400
Charge for year 1,223 1,312 2,535
Eliminated on disposal - (655 ) (655 )
At 28 February 2023 3,669 5,611 9,280
NET BOOK VALUE
At 28 February 2023 57,481 2,576 60,057
At 28 February 2022 58,704 2,091 60,795

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 63,530 20,735
Other debtors 487 715
Directors' loan account - 12,913
64,017 34,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 12,280 10,233
Directors' loan account 377 -
Taxation and social security 50,279 39,468
Other creditors 9,879 5,163
72,815 54,864

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 38,894 51,167

Bank loans repayable by instalments due after more than five years amounts to £0 (2022, £2,047).

BY JHP LTD (REGISTERED NUMBER: SC527190)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


8. OTHER FINANCIAL COMMITMENTS

At 28 February 2023 the company was committed to making total payments under non-cancellable operating leases of £1,400 (2022, £2,000).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 28 February 2023 the company had provided the directors with loans totalling £0 (2022, £12,913). Interest was charged at 2% on these loans.

10. RELATED PARTY DISCLOSURES

At 28 February 2023 the company's directors had provided the company with an interest free loan of £377 (2022, £0). There are no fixed repayment terms for this loan.