HWJ Creative Limited
Registered number: 06800309
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,807 3,052
Current assets
Cash at bank and in hand 36,358 38,590
Creditors: amounts falling due within one year 4 (6,030) (6,577)
Net current assets 30,328 32,013
Net assets 33,135 35,065
Capital and reserves
Called up share capital 2 2
Profit and loss account 33,133 35,063
Shareholders' funds 33,135 35,065
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 Hugh William Jones
Director
Approved by the board on 28 February 2024
HWJ Creative Limited
Notes to the Accounts
for the year ended 31 January 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.
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:
Freehold buildings 20% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 10,960 7,980 18,940
Additions - 569 569
At 31 January 2024 10,960 8,549 19,509
Depreciation
At 1 February 2023 9,134 6,754 15,888
Charge for the year 365 449 814
At 31 January 2024 9,499 7,203 16,702
Net book value
At 31 January 2024 1,461 1,346 2,807
At 31 January 2023 1,826 1,226 3,052
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 3,358 3,666
Other creditors 2,672 2,911
6,030 6,577
5 Related party transactions 2024 2023
£ £
Directors' Loan Account
The directors are related parties to the company
At 31 July, the company owed the related parties the following
interest-free, unsecured amounts:
Amounts due to/(from) the related parties 872 971
6 Controlling party
The directors are the ultimate controlling parties by virtue of their 100% ownership of the issued share capital of the company
7 Other information
HWJ Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
89 Chorley Road
Swinton
Manchester
M27 4AA
HWJ Creative Limited 06800309 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Mr Hugh William Jones No description of principal activity 06800309 2022-02-01 2023-01-31 06800309 core:WithinOneYear 2023-01-31 06800309 core:ShareCapital 2023-01-31 06800309 core:RetainedEarningsAccumulatedLosses 2023-01-31 06800309 2023-02-01 2024-01-31 06800309 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06800309 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06800309 bus:Director40 2023-02-01 2024-01-31 06800309 core:LandBuildings 2023-02-01 2024-01-31 06800309 core:PlantMachinery 2023-02-01 2024-01-31 06800309 countries:England 2023-02-01 2024-01-31 06800309 bus:FRS102 2023-02-01 2024-01-31 06800309 bus:FilletedAccounts 2023-02-01 2024-01-31 06800309 2024-01-31 06800309 core:WithinOneYear 2024-01-31 06800309 core:ShareCapital 2024-01-31 06800309 core:RetainedEarningsAccumulatedLosses 2024-01-31 06800309 core:LandBuildings 2024-01-31 06800309 core:PlantMachinery 2024-01-31 06800309 2023-01-31 06800309 core:LandBuildings 2023-01-31 06800309 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure