HOWARD JOHN STEPHENS LTD
Registered number: 08141071
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 396 495
Current assets
Debtors 4 10,202 15,993
Cash at bank and in hand 886 1,036
11,088 17,029
Creditors: amounts falling due within one year 5 (5,385) (5,375)
Net current assets 5,703 11,654
Total assets less current liabilities 6,099 12,149
Creditors: amounts falling due after more than one year 6 (7,500) (12,500)
Net liabilities (1,401) (351)
Capital and reserves
Called up share capital 2 2
Profit and loss account (1,403) (353)
Shareholders' funds (1,401) (351)
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.
Luckymore Ngorima
Director
Approved by the board on 23 April 2025
HOWARD JOHN STEPHENS LTD
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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,897
At 31 July 2024 1,897
Depreciation
At 1 August 2023 1,402
Charge for the year 99
At 31 July 2024 1,501
Net book value
At 31 July 2024 396
At 31 July 2023 495
4 Debtors 2024 2023
£ £
Other debtors 10,202 15,993
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Other creditors 385 375
5,385 5,375
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,500 12,500
7 Other information
HOWARD JOHN STEPHENS LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Deepfield Way
Coulsdon
Surrey
CR5 2SY
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