Company registration number 07880646 (England and Wales)
HAWKES JEPSON COMMERCIAL SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HAWKES JEPSON COMMERCIAL SERVICES LIMITED
COMPANY INFORMATION
Directors
D. Hawkes-Jepson
C. Hawkes-Jepson
Company number
07880646
Registered office
Trident House
105 Derby Road
Liverpool
L20 8LZ
Accountants
Whitnalls
Trident House
105 Derby Road
Liverpool
L20 8LZ
HAWKES JEPSON COMMERCIAL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HAWKES JEPSON COMMERCIAL SERVICES LIMITED
BALANCE SHEET
AS AT
28 DECEMBER 2023
28 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,139
12,103
Current assets
Debtors
4
17,299
13,572
Cash at bank and in hand
36,014
28,175
53,313
41,747
Creditors: amounts falling due within one year
5
(35,833)
(25,503)
Net current assets
17,480
16,244
Total assets less current liabilities
29,619
28,347
Provisions for liabilities
(1,590)
(1,133)
Net assets
28,029
27,214
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
28,025
27,210
Total equity
28,029
27,214

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 28 December 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 17 August 2024 and are signed on its behalf by:
D. Hawkes-Jepson
Director
Company registration number 07880646 (England and Wales)
HAWKES JEPSON COMMERCIAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Hawkes Jepson Commercial Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Trident House, 105 Derby Road, Liverpool, L20 8LZ.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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:

Land and buildings
5% straight line basis
Office furniture and equipment
15% reducing balance basis
Computer equipment
33% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HAWKES JEPSON COMMERCIAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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
3
Tangible fixed assets
Land and buildings
Office furniture and equipment
Computer equipment
Total
£
£
£
£
Cost
At 29 December 2022
7,225
2,715
9,593
19,533
Additions
-
0
667
2,624
3,291
Disposals
-
0
-
0
(1,879)
(1,879)
At 28 December 2023
7,225
3,382
10,338
20,945
Depreciation and impairment
At 29 December 2022
1,084
1,726
4,620
7,430
Depreciation charged in the year
361
240
1,800
2,401
Eliminated in respect of disposals
-
0
-
0
(1,025)
(1,025)
At 28 December 2023
1,445
1,966
5,395
8,806
Carrying amount
At 28 December 2023
5,780
1,416
4,943
12,139
At 28 December 2022
6,141
989
4,973
12,103
HAWKES JEPSON COMMERCIAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2023
3
Tangible fixed assets
(Continued)
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
16,200
11,547
Prepayments and accrued income
1,099
2,025
17,299
13,572
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
25,385
17,006
Other taxation and social security
6,754
5,639
Other creditors
639
29
Accruals and deferred income
3,055
2,829
35,833
25,503
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