JGH Accountancy Limited 08050031 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Provision of accountancy services Digita Accounts Production Advanced 6.30.9574.0 true 08050031 2023-05-01 2024-04-30 08050031 2024-04-30 08050031 bus:OrdinaryShareClass1 2024-04-30 08050031 core:CurrentFinancialInstruments 2024-04-30 08050031 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08050031 core:Non-currentFinancialInstruments 2024-04-30 08050031 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 08050031 core:Goodwill 2024-04-30 08050031 core:FurnitureFittingsToolsEquipment 2024-04-30 08050031 bus:SmallEntities 2023-05-01 2024-04-30 08050031 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08050031 bus:FilletedAccounts 2023-05-01 2024-04-30 08050031 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08050031 bus:RegisteredOffice 2023-05-01 2024-04-30 08050031 bus:Director1 2023-05-01 2024-04-30 08050031 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 08050031 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08050031 bus:Agent1 2023-05-01 2024-04-30 08050031 core:Goodwill 2023-05-01 2024-04-30 08050031 core:FurnitureFittings 2023-05-01 2024-04-30 08050031 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08050031 countries:England 2023-05-01 2024-04-30 08050031 2023-04-30 08050031 core:Goodwill 2023-04-30 08050031 core:FurnitureFittingsToolsEquipment 2023-04-30 08050031 2022-05-01 2023-04-30 08050031 2023-04-30 08050031 bus:OrdinaryShareClass1 2023-04-30 08050031 core:CurrentFinancialInstruments 2023-04-30 08050031 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08050031 core:Non-currentFinancialInstruments 2023-04-30 08050031 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 08050031 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08050031

JGH Accountancy Limited

trading as John Holmes-Accountant

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Contents

Company Information

1

Accountants' Report

2

Statement of Comprehensive Income

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Company Information

Director

Mr John Geoffrey Holmes

Registered office

3 Vermont Grove
Leamington Spa
Warwickshire
CV31 1SE

Accountants

John Holmes-Accountant
3 Vermont Grove
Leamington Spa
Warwickshire
CV31 1SE

 

Chartered Management Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
JGH Accountancy Limited

trading as John Holmes-Accountant
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JGH Accountancy Limited for the year ended 30 April 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of JGH Accountancy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of JGH Accountancy Limited and state those matters that we have agreed to state to the Board of Directors of JGH Accountancy Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JGH Accountancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JGH Accountancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of JGH Accountancy Limited. You consider that JGH Accountancy Limited is exempt from the statutory audit requirement for the year.

......................................

John Holmes-Accountant
3 Vermont Grove
Leamington Spa
Warwickshire
CV31 1SE

12 November 2024

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Statement of Comprehensive Income for the Year Ended 30 April 2024

2024
£

2023
£

Loss for the year

(14,846)

(8,209)

Total comprehensive income for the year

(14,846)

(8,209)

 

JGH Accountancy Limited

trading as John Holmes-Accountant

(Registration number: 08050031)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

177

Current assets

 

Debtors

6

2,494

2,571

Cash at bank and in hand

 

40,238

54,434

 

42,732

57,005

Creditors: Amounts falling due within one year

7

(555)

(879)

Net current assets

 

42,177

56,126

Total assets less current liabilities

 

42,177

56,303

Creditors: Amounts falling due after more than one year

7

(23,216)

(22,495)

Net assets

 

18,961

33,808

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

18,861

33,708

Shareholders' funds

 

18,961

33,808

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

JGH Accountancy Limited

trading as John Holmes-Accountant

(Registration number: 08050031)
Balance Sheet as at 30 April 2024

Approved and authorised by the director on 12 November 2024
 

.........................................
Mr John Geoffrey Holmes
Director

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Vermont Grove
Leamington Spa
Warwickshire
CV31 1SE

These financial statements were authorised for issue by the director on 12 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33.33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10.0% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

35,744

35,744

At 30 April 2024

35,744

35,744

Amortisation

At 1 May 2023

35,744

35,744

At 30 April 2024

35,744

35,744

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

1,588

1,588

At 30 April 2024

1,588

1,588

Depreciation

At 1 May 2023

1,411

1,411

Charge for the year

177

177

At 30 April 2024

1,588

1,588

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

177

177

6

Debtors

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Current

2024
£

2023
£

Trade debtors

2,494

2,519

Other debtors

-

52

 

2,494

2,571

 

JGH Accountancy Limited

trading as John Holmes-Accountant

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

555

262

Taxation and social security

-

617

555

879

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

23,216

22,495

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

23,216

22,495

10

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £2,000.00) per ordinary share

-

2,000