Company Registration No. 09390619 (England and Wales)
JH2 DESIGNS LTD
Unaudited accounts
for the year ended 31 January 2023
JH2 DESIGNS LTD
Unaudited accounts
Contents
JH2 DESIGNS LTD
Company Information
for the year ended 31 January 2023
Company Number
09390619 (England and Wales)
Registered Office
13 SAXONDALE ROAD
WIGSTON
LEICESTERSHIRE
LE18 3SY
UNITED KINGDOM
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
JH2 DESIGNS LTD
Statement of financial position
as at 31 January 2023
Tangible assets
4,141
3,978
Creditors: amounts falling due within one year
(57,607)
(38,972)
Net current liabilities
(42,836)
(29,471)
Total assets less current liabilities
(38,695)
(25,493)
Creditors: amounts falling due after more than one year
(19,676)
(25,000)
Net liabilities
(58,371)
(50,493)
Called up share capital
1
1
Profit and loss account
(58,372)
(50,494)
Shareholders' funds
(58,371)
(50,493)
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 3 November 2023 and were signed on its behalf by
James Hill
Director
Company Registration No. 09390619
JH2 DESIGNS LTD
Notes to the Accounts
for the year ended 31 January 2023
JH2 DESIGNS LTD is a private company, limited by shares, registered in England and Wales, registration number 09390619. The registered office is 13 SAXONDALE ROAD, WIGSTON, LEICESTERSHIRE, LE18 3SY, 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.
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.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
Reducing Balance 25%
4
Tangible fixed assets
Plant & machinery
JH2 DESIGNS LTD
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Other debtors
14,471
9,501
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,269
22,526
Taxes and social security
33,712
15,884
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
19,676
25,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan 2.5% interest, on demand
9,501
26,176
21,206
14,471
9,501
26,176
21,206
14,471
During the year, the director was granted a short term loan. The maximum liability during the year was £14,471 and the amount was still outstanding as at the balance sheet date. The loan is to be repaid on demand and incurs interest at 2.5%.
10
Average number of employees
During the year the average number of employees was 1 (2022: 2).