HWJ Creative Limited
Registered number: 06800309
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,178 2,807
Current assets
Cash at bank and in hand 49,014 36,358
Creditors: amounts falling due within one year 4 (8,417) (6,030)
Net current assets 40,597 30,328
Net assets 42,775 33,135
Capital and reserves
Called up share capital 2 2
Profit and loss account 42,773 33,133
Shareholders' funds 42,775 33,135
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Hugh William Jones
Director
Approved by the board on 5 March 2025
HWJ Creative Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
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:
Freehold buildings 20% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 10,960 8,549 19,509
At 31 January 2025 10,960 8,549 19,509
Depreciation
At 1 February 2024 9,499 7,203 16,702
Charge for the year 292 337 629
At 31 January 2025 9,791 7,540 17,331
Net book value
At 31 January 2025 1,169 1,009 2,178
At 31 January 2024 1,461 1,346 2,807
4 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 5,927 3,358
Other creditors 2,490 2,672
8,417 6,030
5 Related party transactions 2025 2024
£ £
Directors' Loan Account
The directors are related parties to the company
At 31 January, the company owed the related parties the following
interest-free, unsecured amounts:
Amounts due to the related parties 690 872
6 Controlling party
The directors are the ultimate controlling parties by virtue of their 100% ownership of the issued share capital of the company
7 Other information
HWJ Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
89 Chorley Road
Swinton
Manchester
M27 4AA
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