Registered number
14188002
JWHP Domestic Ltd
Filleted Accounts
31 March 2024
JWHP Domestic Ltd
Registered number: 14188002
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 9,000 9,500
Tangible assets 4 3,000 4,000
12,000 13,500
Current assets
Debtors 5 2,610 -
Cash at bank and in hand 3,736 7,729
6,346 7,729
Creditors: amounts falling due within one year 6 (1,406) (1,175)
Net current assets 4,940 6,554
Total assets less current liabilities 16,940 20,054
Creditors: amounts falling due after more than one year 7 (15,350) (18,060)
Net assets 1,590 1,994
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,490 1,894
Shareholders' funds 1,590 1,994
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.
J A R Watkins Mrs L A Watkins
Director
Approved by the board on 30 April 2024
JWHP Domestic Ltd
Notes to the Accounts
for the year ended 31 March 2024
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:
Plant and machinery over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 500
Provided during the year 500
At 31 March 2024 1,000
Net book value
At 31 March 2024 9,000
At 31 March 2023 9,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant & Machinery
£
Cost
At 1 April 2023 5,000
At 31 March 2024 5,000
Depreciation
At 1 April 2023 1,000
Charge for the year 1,000
At 31 March 2024 2,000
Net book value
At 31 March 2024 3,000
At 31 March 2023 4,000
5 Debtors 2024 2023
£ £
Trade debtors 2,610 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 231 -
Other creditors 1,175 1,175
1,406 1,175
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 15,350 18,060
8 Controlling party
The company is cotrolled by the directors.
9 Other information
JWHP Domestic Ltd is a private company limited by shares and incorporated in England. Its registered office is:
36 Bramley Road
Mitton
Tewkesbury
Glos
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