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REGISTERED NUMBER: 12444552 (England and Wales)









FJH DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






FJH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12444552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FJH DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs J L Jones
I R Jones





SECRETARY: Mrs J L Jones





REGISTERED OFFICE: Oaklands
Waen Meadows
Llansantffraid
Powys
SY22 6SX





REGISTERED NUMBER: 12444552 (England and Wales)

FJH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12444552)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,282 19,062

CURRENT ASSETS
Stocks - 299,143
Debtors 5 16,713 3,961
Cash at bank 135,688 85,997
152,401 389,101
CREDITORS
Amounts falling due within one year 6 49,074 354,835
NET CURRENT ASSETS 103,327 34,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,609

53,328

CREDITORS
Amounts falling due after more than one
year

7

(32,387

)

(42,094

)

PROVISIONS FOR LIABILITIES (3,615 ) (1,709 )
NET ASSETS 94,607 9,525

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,507 9,425
SHAREHOLDERS' FUNDS 94,607 9,525

FJH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12444552)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




Mrs J L Jones - Director



I R Jones - Director


FJH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12444552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

FJH Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


FJH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12444552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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 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 the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 20,876 6,000 250 27,126
Additions 500 12,045 234 12,779
At 28 February 2023 21,376 18,045 484 39,905
DEPRECIATION
At 1 March 2022 5,329 2,625 110 8,064
Charge for year 2,407 2,073 79 4,559
At 28 February 2023 7,736 4,698 189 12,623
NET BOOK VALUE
At 28 February 2023 13,640 13,347 295 27,282
At 28 February 2022 15,547 3,375 140 19,062

FJH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12444552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,628 2,378
Other debtors 15,085 1,583
16,713 3,961

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,707 7,906
Trade creditors 13,136 11,727
Taxation and social security 25,111 2,642
Other creditors 1,120 332,560
49,074 354,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 32,387 42,094

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,769