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REGISTERED NUMBER: 06442395 (England and Wales)















J & H FLOORING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & H FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: H Whittaker





SECRETARY: H Whittaker





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06442395 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,662 16,116
12,662 16,116

CURRENT ASSETS
Stocks 1,047 1,220
Debtors 6 12,980 22,710
Cash at bank 14,541 4,843
28,568 28,773
CREDITORS
Amounts falling due within one year 7 29,046 24,027
NET CURRENT (LIABILITIES)/ASSETS (478 ) 4,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,184

20,862

CREDITORS
Amounts falling due after more than one
year

8

(5,775

)

(15,882

)

PROVISIONS FOR LIABILITIES (2,406 ) (3,062 )
NET ASSETS 4,003 1,918

J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)

BALANCE SHEET - continued
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 50
Retained earnings 3,903 1,868
SHAREHOLDERS' FUNDS 4,003 1,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st March 2025 and were signed by:





H Whittaker - Director


J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

J & H Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 55,000
AMORTISATION
At 1st January 2024
and 31st December 2024 55,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 8,576 19,530 1,576 29,682
DEPRECIATION
At 1st January 2024 3,130 9,696 740 13,566
Charge for year 1,362 1,967 125 3,454
At 31st December 2024 4,492 11,663 865 17,020
NET BOOK VALUE
At 31st December 2024 4,084 7,867 711 12,662
At 31st December 2023 5,446 9,834 836 16,116

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,733 16,792
Excess CIS - 5,662
VAT 793 -
Prepayments 454 256
12,980 22,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,853 9,853
Trade creditors 11,951 3,423
Corporation Tax 2,957 5,410
Social security and other taxes 2,625 -
VAT - 1,535
Company credit card 588 612
Other creditors 73 79
Directors' current accounts 309 2,356
Accruals and deferred income 690 759
29,046 24,027

J & H FLOORING LIMITED (REGISTERED NUMBER: 06442395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bounce back loan 5,775 15,882

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 5,775 15,882

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 50
(2023 - 50 )
85 Ordinary A £1 85 -
15 Ordinary B £1 15 -
100 50

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary A £1 85 -
15 Ordinary B £1 15 -
100 -

10. RELATED PARTY DISCLOSURES

As at 31 December 2024 the balance of the directors loan account was £309 owed to H Whittaker (2023 - £2,356).