Company Registration No. 06589351 (England and Wales)
JKH DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 December 2023
JKH DEVELOPMENTS LIMITED
Unaudited accounts
Contents
JKH DEVELOPMENTS LIMITED
Company Information
for the year ended 31 December 2023
Directors
PYMM, Steven Mark
SHAW, Catherine Jane
Company Number
06589351 (England and Wales)
Registered Office
6 BER STREET
NORWICH
NR1 3EJ
ENGLAND
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
JKH DEVELOPMENTS LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
7,500
7,500
Tangible assets
31,852
11,550
Cash at bank and in hand
86,454
104,962
Creditors: amounts falling due within one year
(54,126)
(38,183)
Net current assets
110,243
278,233
Total assets less current liabilities
149,595
297,283
Creditors: amounts falling due after more than one year
(10,236)
-
Net assets
139,359
297,283
Called up share capital
500
500
Capital redemption reserve
500
500
Profit and loss account
138,359
296,283
Shareholders' funds
139,359
297,283
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
PYMM, Steven Mark
Director
Company Registration No. 06589351
JKH DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
JKH DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06589351. The registered office is 6 BER STREET, NORWICH, NR1 3EJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% - Reducing Balance
Fixtures & fittings
20% - Straight Line
Computer equipment
15% - Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
JKH DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
1,658
10,965
12,516
25,139
Additions
24,700
-
-
24,700
At 31 December 2023
26,358
10,965
12,516
49,839
At 1 January 2023
516
9,493
3,580
13,589
Charge for the year
1,315
849
2,234
4,398
At 31 December 2023
1,831
10,342
5,814
17,987
At 31 December 2023
24,527
623
6,702
31,852
At 31 December 2022
1,142
1,472
8,936
11,550
Amounts falling due within one year
Trade debtors
13,261
35,473
Deferred tax asset
4,052
6,735
Accrued income and prepayments
1,536
2,272
Other debtors
59,066
166,974
JKH DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,555
-
Trade creditors
8,585
16,740
Taxes and social security
43
20,501
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,426
-
Loans from directors
2,810
-
9
Transactions with related parties
Steve & Catherine Properties Ltd
Steve & Catherine Properties Ltd is a related party of JKH Developments Ltd due to the common shareholders and directors.
Steve & Catherine Properties Ltd owed JKH Developments Ltd £15,000 at the year end.
10
Average number of employees
During the year the average number of employees was 10 (2022: 9).