Company registration number 06911155 (England and Wales)
JUSTIN HYNES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
JUSTIN HYNES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JUSTIN HYNES LIMITED (REGISTERED NUMBER: 06911155)
BALANCE SHEET
AS AT 31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,122
2,278
Current assets
Debtors
4
7,250
26,400
Cash at bank and in hand
41,208
30,397
48,458
56,797
Creditors: amounts falling due within one year
5
(35,629)
(24,877)
Net current assets
12,829
31,920
Net assets
13,951
34,198
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
13,949
34,196
Total equity
13,951
34,198
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 February 2024 and are signed on its behalf by:
Mr J Hynes
Director
JUSTIN HYNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information
Justin Hynes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% reducing balance
Computers
33% straight line
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
JUSTIN HYNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 June 2022 and 31 May 2023
4,571
4,763
9,334
Depreciation and impairment
At 1 June 2022
3,831
3,225
7,056
Depreciation charged in the year
148
1,008
1,156
At 31 May 2023
3,979
4,233
8,212
Carrying amount
At 31 May 2023
592
530
1,122
At 31 May 2022
740
1,538
2,278
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,400
Other debtors
7,250
21,000
7,250
26,400
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
18,019
20,050
Other creditors
17,610
4,827
35,629
24,877