HOOK JMS LTD 14934757 false 2023-06-14 2024-06-30 2024-06-30 The principal activity of the company is manufacture of jewellery and related articles. Digita Accounts Production Advanced 6.30.9574.0 true true 14934757 2023-06-14 2024-06-30 14934757 2024-06-30 14934757 bus:OrdinaryShareClass1 2024-06-30 14934757 bus:OrdinaryShareClass2 2024-06-30 14934757 core:CurrentFinancialInstruments 2024-06-30 14934757 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14934757 core:FurnitureFittings 2024-06-30 14934757 bus:SmallEntities 2023-06-14 2024-06-30 14934757 bus:AuditExemptWithAccountantsReport 2023-06-14 2024-06-30 14934757 bus:FilletedAccounts 2023-06-14 2024-06-30 14934757 bus:SmallCompaniesRegimeForAccounts 2023-06-14 2024-06-30 14934757 bus:RegisteredOffice 2023-06-14 2024-06-30 14934757 bus:Director1 2023-06-14 2024-06-30 14934757 bus:OrdinaryShareClass1 2023-06-14 2024-06-30 14934757 bus:OrdinaryShareClass2 2023-06-14 2024-06-30 14934757 bus:PrivateLimitedCompanyLtd 2023-06-14 2024-06-30 14934757 core:FurnitureFittings 2023-06-14 2024-06-30 14934757 core:FurnitureFittingsToolsEquipment 2023-06-14 2024-06-30 14934757 countries:EnglandWales 2023-06-14 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14934757

HOOK JMS LTD

Unaudited Filleted Financial Statements

for the Period from 14 June 2023 to 30 June 2024

 

HOOK JMS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

HOOK JMS LTD

Company Information

Directors

Mr Daniel Hook

Mrs Sarah Hook

Company secretary

Mrs Sarah Hook

Registered office

166 College Road
Harrow
Middlesex
HA1 1BH

Accountants

MG Group (Professional Services) Limited
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

 

HOOK JMS LTD

(Registration number: 14934757)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

7,134

Current assets

 

Debtors

5

1,590

Cash at bank and in hand

 

40,955

 

42,545

Creditors: Amounts falling due within one year

6

(27,168)

Net current assets

 

15,377

Net assets

 

22,511

Capital and reserves

 

Called up share capital

7

200

Retained earnings

22,311

Shareholders' funds

 

22,511

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 January 2025 and signed on its behalf by:
 

.........................................
Mr Daniel Hook
Director

 

HOOK JMS LTD

Notes to the Unaudited Financial Statements for the Period from 14 June 2023 to 30 June 2024

1

General information

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

The address of its registered office is:
166 College Road
Harrow
Middlesex
HA1 1BH

These financial statements were authorised for issue by the Board on 15 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

HOOK JMS LTD

Notes to the Unaudited Financial Statements for the Period from 14 June 2023 to 30 June 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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

Furniture, fixtures and equipment

25% Straight Line Method

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.

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.

 

HOOK JMS LTD

Notes to the Unaudited Financial Statements for the Period from 14 June 2023 to 30 June 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

HOOK JMS LTD

Notes to the Unaudited Financial Statements for the Period from 14 June 2023 to 30 June 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

9,559

9,559

At 30 June 2024

9,559

9,559

Depreciation

Charge for the period

2,425

2,425

At 30 June 2024

2,425

2,425

Carrying amount

At 30 June 2024

7,134

7,134

5

Debtors

Current

2024
£

Trade debtors

1,590

 

1,590

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

23,304

Accruals and deferred income

1,950

Other creditors

1,914

27,168

 

HOOK JMS LTD

Notes to the Unaudited Financial Statements for the Period from 14 June 2023 to 30 June 2024

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Share Capital-A of £1 each

150

150

Ordinary Share Capital-B of £1 each

50

50

200

200

8

Related party transactions

During the year, the company made the following related party transactions:

Director
At the Balance sheet date, the amount due to the Directors was £191 . The amount is interest free, unsecured and repayable on demand.