2022-11-01 SC434966 2023-10-31 SC434966 2022-11-01 2023-10-31 SC434966 2022-10-31 SC434966 2021-11-01 2022-10-31 SC434966 uk-core:WithinOneYear 2022-10-31 SC434966 uk-core:WithinOneYear 2023-10-31 SC434966 uk-core:ShareCapital 2023-10-31 SC434966 uk-core:ShareCapital 2022-10-31 SC434966 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC434966 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 SC434966 uk-bus:Director1 2022-11-01 2023-10-31 SC434966 uk-core:FurnitureFittings 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure SC434966 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC434966 uk-bus:FRS102 2022-11-01 2023-10-31 SC434966 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 SC434966 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
JHN & IN Services Limited
Registered Number:SC434966
For the year ended 31 October 2023
Scotland
Unaudited Financial Statements
2
For the year ended 31 October 2023
JHN & IN Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC434966
As at 31 October 2023
JHN & IN Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
446
558
2
446
558
Current assets
Trade and other receivables
3,432
3,432
3
112,170
Cash and cash equivalents
103,407
106,839
115,602
Trade and other payables: amounts falling due within one
year
(17,134)
(21,231)
4
98,468
85,608
Net current assets
Total assets less current liabilities
86,054
99,026
86,054
Net assets
99,026
Capital and reserves
Called up share capital
100
100
Retained earnings
85,954
98,926
86,054
99,026
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr I. Norris Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 October 2023
JHN & IN Services Limited
Notes to the Financial Statements
Statutory Information
JHN & IN Services Limited is a private limited company, limited by shares, domiciled in Scotland, registration
number SC434966.
Registered address:
11 Littlemill Crescent
Crookston
Glasgow
G53 7GG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing differences. 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 future profits.
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For the year ended 31 October 2023
JHN & IN Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 November 2022
3,378
At 31 October 2023
3,378
Provision for depreciation and impairment
At 01 November 2022
2,820
Charge for year
112
At 31 October 2023
2,932
At 31 October 2023
Net book value
446
At 31 October 2022
558
3. Trade and other receivables
2022
2023
£
£
Other debtors
3,432
3,432
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
225
Taxation and social security
-
15,152
Other creditors
21,231
1,757
21,231
17,134
5. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr I Norris, as director and shareholder
of the company, during the year (with the previous year shown in brackets) were £Nil (£Nil).
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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