2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 16,342 3,415 19,757 14,470 1,323 15,793 3,964 1,872 228,613 228,613 228,613 xbrli:pure xbrli:shares iso4217:GBP 07535288 2023-02-01 2024-01-31 07535288 2024-01-31 07535288 2023-01-31 07535288 2022-02-01 2023-01-31 07535288 2023-01-31 07535288 2022-01-31 07535288 bus:Director1 2023-02-01 2024-01-31 07535288 core:AfterOneYear 2024-01-31 07535288 core:AfterOneYear 2023-01-31 07535288 core:WithinOneYear 2024-01-31 07535288 core:WithinOneYear 2023-01-31 07535288 core:ShareCapital 2024-01-31 07535288 core:ShareCapital 2023-01-31 07535288 core:RetainedEarningsAccumulatedLosses 2024-01-31 07535288 core:RetainedEarningsAccumulatedLosses 2023-01-31 07535288 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 07535288 core:Non-currentFinancialInstruments 2024-01-31 07535288 core:Non-currentFinancialInstruments 2023-01-31 07535288 bus:Director1 2023-01-31 07535288 bus:Director1 2024-01-31 07535288 bus:Director1 2022-01-31 07535288 bus:Director1 2023-01-31 07535288 bus:Director1 2022-02-01 2023-01-31 07535288 bus:SmallEntities 2023-02-01 2024-01-31 07535288 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07535288 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07535288 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07535288 bus:FullAccounts 2023-02-01 2024-01-31 07535288 core:OfficeEquipment 2023-02-01 2024-01-31 07535288 core:OfficeEquipment 2023-01-31 07535288 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 07535288
JHR Interior Architecture and Design Ltd
Filleted Unaudited Financial Statements
31 January 2024
JHR Interior Architecture and Design Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,964
1,872
Investments
6
228,613
228,613
---------
---------
232,577
230,485
Current assets
Debtors
7
13,182
5,071
Cash at bank and in hand
192,433
255,536
---------
---------
205,615
260,607
Creditors: amounts falling due within one year
8
109,173
111,828
---------
---------
Net current assets
96,442
148,779
---------
---------
Total assets less current liabilities
329,019
379,264
Creditors: amounts falling due after more than one year
9
164,965
164,965
Provisions
Taxation including deferred tax
991
468
---------
---------
Net assets
163,063
213,831
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
162,963
213,731
---------
---------
Shareholders funds
163,063
213,831
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JHR Interior Architecture and Design Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
Mrs B Johari
Director
Company registration number: 07535288
JHR Interior Architecture and Design Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Gloucestershire, GL7 1US, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2023
16,342
16,342
Additions
3,415
3,415
--------
--------
At 31 January 2024
19,757
19,757
--------
--------
Depreciation
At 1 February 2023
14,470
14,470
Charge for the year
1,323
1,323
--------
--------
At 31 January 2024
15,793
15,793
--------
--------
Carrying amount
At 31 January 2024
3,964
3,964
--------
--------
At 31 January 2023
1,872
1,872
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 February 2023 and 31 January 2024
228,613
---------
Impairment
At 1 February 2023 and 31 January 2024
---------
Carrying amount
At 31 January 2024
228,613
---------
At 31 January 2023
228,613
---------
7. Debtors
2024
2023
£
£
Trade debtors
5,682
5,071
Other debtors
7,500
--------
-------
13,182
5,071
--------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
18,236
7,311
Corporation tax
4,189
12,670
Social security and other taxes
4,639
4,130
Other creditors
82,109
87,717
---------
---------
109,173
111,828
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
164,965
164,965
---------
---------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs B Johari
( 67,376)
30,710
( 312)
( 36,978)
--------
--------
----
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs B Johari
( 65,453)
3,564
( 5,487)
( 67,376)
--------
-------
-------
--------