Registered number
14188084
JWHP LTD
Filleted Accounts
31 March 2024
JWHP LTD
Registered number: 14188084
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,150 17,665
Current assets
Stocks - 20,000
Debtors 4 8,015 2,564
Cash at bank and in hand 31,044 1,131
39,059 23,695
Creditors: amounts falling due within one year 5 (11,968) (4,351)
Net current assets 27,091 19,344
Total assets less current liabilities 41,241 37,009
Creditors: amounts falling due after more than one year 6 (21,221) (25,878)
Net assets 20,020 11,131
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,920 11,031
Shareholders' funds 20,020 11,131
The director is 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 director acknowledges his 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
Director
Approved by the board on 30 April 2024
JWHP 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.
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
Motor vehciles over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2023 4,392 17,684 22,076
Additions 1,125 - 1,125
At 31 March 2024 5,517 17,684 23,201
Depreciation
At 1 April 2023 877 3,534 4,411
Charge for the year 1,105 3,535 4,640
At 31 March 2024 1,982 7,069 9,051
Net book value
At 31 March 2024 3,535 10,615 14,150
At 31 March 2023 3,515 14,150 17,665
4 Debtors 2024 2023
£ £
Trade debtors 6,960 818
Other debtors 1,055 1,746
8,015 2,564
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,332 4,351
Taxation and social security costs 9,636 -
11,968 4,351
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan - 4,657
Other loan 21,221 21,221
21,221 25,878
7 Controlling party
The company is controlled by the director.
8 Other information
JWHP 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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