Registered number
12778004
H J South Limited
Filleted Accounts
31 July 2024
H J South Limited
Registered number: 12778004
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,856 13,955
Current assets
Debtors 4 4,500 775
Cash at bank and in hand 1,592 2,979
6,092 3,754
Creditors: amounts falling due within one year 5 (702) (4,150)
Net current assets/(liabilities) 5,390 (396)
Total assets less current liabilities 18,246 13,559
Creditors: amounts falling due after more than one year 6 (13,677) (10,005)
Net assets 4,569 3,554
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,469 3,454
Shareholder's funds 4,569 3,554
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms A Billing
Director
Approved by the board on 9 April 2025
H J South Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% Reducing balance
Computer equipment 33% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 1 August 2023 18,347 3,603 21,950
Additions 2,339 - 2,339
At 31 July 2024 20,686 3,603 24,289
Depreciation
At 1 August 2023 5,770 2,225 7,995
Charge for the year 2,983 455 3,438
At 31 July 2024 8,753 2,680 11,433
Net book value
At 31 July 2024 11,933 923 12,856
At 31 July 2023 12,577 1,378 13,955
4 Debtors 2024 2023
£ £
Other debtors 4,500 775
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 702 4,150
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 13,677 10,005
7 Other information
H J South Limited is a private company limited by shares and incorporated in England. Its registered office is:
149 Christchurch Road
West Parley
Ferndown
Dorset
BH22 8TA
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