Registered number
05344204
Jane Lee Hilton Limited
Filleted Accounts
31 January 2024
Jane Lee Hilton Limited
Registered number: 05344204
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 6,861 7,342
6,862 7,343
Current assets
Debtors 5 49,637 4,026
Cash at bank and in hand 4,539 15,765
54,176 19,791
Creditors: amounts falling due within one year 6 (41,339) (10,659)
Net current assets 12,837 9,132
Total assets less current liabilities 19,699 16,475
Provisions for liabilities (2,500) (2,500)
Net assets 17,199 13,975
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,099 13,875
Shareholders' funds 17,199 13,975
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
J. Hilton
Director
Approved by the board on 16 September 2024
Jane Lee Hilton Limited
Notes to the Accounts
for the year ended 31 January 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 rendering of services. 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
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 1
At 31 January 2024 1
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 1
At 31 January 2023 1
Goodwill is not being written off because it is stated in the accounts at the nominal value of £1.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 103,826
Additions 1,806
At 31 January 2024 105,632
Depreciation
At 1 February 2023 96,484
Charge for the year 2,287
At 31 January 2024 98,771
Net book value
At 31 January 2024 6,861
At 31 January 2023 7,342
5 Debtors 2024 2023
£ £
Trade debtors 49,337 3,524
Other debtors 300 502
49,637 4,026
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,390 4,828
Taxation and social security costs 8,686 5,739
Other creditors 28,263 92
41,339 10,659
7 Loans from directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
J. Hilton
Amount due to the director at the balance sheet date 92 28,171 - 28,263
92 28,171 - 28,263
8 Controlling party
The company is controlled by the director J. Hilton and by N. Lee, who are the shareholders.
9 Other information
Jane Lee Hilton Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tavistock Works
2a Tavistock Terrace
London
N19 4DB
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