J & H Lift Co. Limited |
Notes to the Accounts |
for the year ended 30 November 2023 |
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1 |
Accounting policies |
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Turnover |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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2 |
Employees |
2023 |
|
2022 |
Number |
Number |
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|
Average number of persons employed by the company |
3 |
|
3 |
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|
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Motor vehicles |
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Total |
£ |
£ |
£ |
£ |
|
Cost |
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At 1 December 2022 |
1,950 |
|
3,870 |
|
5,425 |
|
11,245 |
|
At 30 November 2023 |
1,950 |
|
3,870 |
|
5,425 |
|
11,245 |
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|
|
|
|
|
|
|
|
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Depreciation |
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At 1 December 2022 |
1,594 |
|
3,786 |
|
4,348 |
|
9,728 |
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Charge for the year |
54 |
|
21 |
|
270 |
|
345 |
|
At 30 November 2023 |
1,648 |
|
3,807 |
|
4,618 |
|
10,073 |
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|
|
|
|
|
|
|
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Net book value |
|
At 30 November 2023 |
302 |
|
63 |
|
807 |
|
1,172 |
|
At 30 November 2022 |
356 |
|
84 |
|
1,077 |
|
1,517 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
14,056 |
|
27,935 |
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|
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|
|
|
|
|
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5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
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Taxation and social security costs |
11,554 |
|
16,878 |
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Directors Account |
3,129 |
|
946 |
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Accruals |
1,512 |
|
1,360 |
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|
|
|
|
|
16,195 |
|
19,184 |
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6 |
Other information |
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J & H Lift Co. Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Heaton Mill |
|
Heaton Street |
|
Denton |
|
Manchester |
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M34 3RG |