Company registration number 06911155 (England and Wales)
JUSTIN HYNES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
JUSTIN HYNES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JUSTIN HYNES LIMITED (REGISTERED NUMBER: 06911155)
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,132
1,122
Current assets
Debtors
4
13,050
7,250
Cash at bank and in hand
40,418
41,208
53,468
48,458
Creditors: amounts falling due within one year
5
(23,444)
(35,629)
Net current assets
30,024
12,829
Net assets
31,156
13,951
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
31,154
13,949
Total equity
31,156
13,951
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 January 2025 and are signed on its behalf by:
Mr J P Hynes
Director
JUSTIN HYNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Justin Hynes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% reducing balance
Computers
33% straight line
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
JUSTIN HYNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 June 2023
4,571
4,763
9,334
Additions
832
832
At 31 May 2024
4,571
5,595
10,166
Depreciation and impairment
At 1 June 2023
3,979
4,233
8,212
Depreciation charged in the year
118
704
822
At 31 May 2024
4,097
4,937
9,034
Carrying amount
At 31 May 2024
474
658
1,132
At 31 May 2023
592
530
1,122
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,800
Other debtors
2,250
7,250
13,050
7,250
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
20,856
18,019
Other creditors
2,588
17,610
23,444
35,629