Registered number
09721875
H J A Homes Projects Ltd
Filleted Accounts
for the year ended 31 August 2023
H J A Homes Projects Ltd
Registered number: 09721875
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 33,122 38,180
Tangible assets 4 10,819 13,523
43,941 51,703
Current assets
Stocks 1,265 1,056
Debtors 5 41,425 17,984
Cash at bank and in hand 84,203 76,005
126,893 95,045
Creditors: amounts falling due within one year 6 (50,057) (43,313)
Net current assets 76,836 51,732
Net assets 120,777 103,435
Capital and reserves
Called up share capital 100 100
Profit and loss account 120,677 103,335
Shareholders' funds 120,777 103,435
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 Hassan Jaffar
Director
Approved by the board on 18 April 2024
H J A Homes Projects Ltd
Notes to the Accounts
for the year ended 31 August 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Nil
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 65,577
At 31 August 2023 65,577
Amortisation
At 1 September 2022 27,397
Provided during the year 5,058
At 31 August 2023 32,455
Net book value
At 31 August 2023 33,122
At 31 August 2022 38,180
Franchise Licence has not been amortised during the year as the licence value will appreciate rather than amortise in the future.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 39,765
At 31 August 2023 39,765
Depreciation
At 1 September 2022 26,242
Charge for the year 2,704
At 31 August 2023 28,946
Net book value
At 31 August 2023 10,819
At 31 August 2022 13,523
5 Debtors 2023 2022
£ £
Trade debtors - 1,559
Other debtors 41,425 16,425
41,425 17,984
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,001 -
Taxation and social security costs 16,963 28,396
Other creditors 32,093 14,917
50,057 43,313
7 Other information
H J A Homes Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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