Registered number
03885283
John Hanks Limited
Filleted Accounts
31 March 2024
John Hanks Limited
Registered number: 03885283
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 659 666
660 667
Current assets
Debtors 5 520 200
Cash at bank and in hand 4,826 370
5,346 570
Creditors: amounts falling due within one year 6 (3,952) (916)
Net current assets 1,394 (346)
Net assets 2,054 321
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,052 319
Shareholder's funds 2,054 321
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
John Martin Hanks
Director
Approved by the board on 7 September 2024
John Hanks Limited
Notes to the Accounts
for the year ended 31 March 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 (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 33,730
At 31 March 2024 33,730
Amortisation
At 1 April 2023 33,729
At 31 March 2024 33,729
Net book value
At 31 March 2024 1
At 31 March 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 832
Additions 199
At 31 March 2024 1,031
Depreciation
At 1 April 2023 166
Charge for the year 206
At 31 March 2024 372
Net book value
At 31 March 2024 659
At 31 March 2023 666
5 Debtors 2024 2023
£ £
Trade debtors 520 200
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,746 -
Other creditors 2,206 916
3,952 916
7 Other information
John Hanks Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 South Street
Durham
DH1 4QP
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