BrightAccountsProduction v1.0.0 v1.0.0 2023-07-24 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 4 March 2025 2 NI699571 2024-10-31 NI699571 2023-07-23 NI699571 2023-07-24 2024-10-31 NI699571 uk-bus:PrivateLimitedCompanyLtd 2023-07-24 2024-10-31 NI699571 uk-curr:PoundSterling 2023-07-24 2024-10-31 NI699571 uk-bus:SmallCompaniesRegimeForAccounts 2023-07-24 2024-10-31 NI699571 uk-bus:AbridgedAccounts 2023-07-24 2024-10-31 NI699571 uk-core:ShareCapital 2024-10-31 NI699571 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI699571 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI699571 uk-bus:FRS102 2023-07-24 2024-10-31 NI699571 uk-core:Goodwill 2023-07-24 2024-10-31 NI699571 uk-core:FurnitureFittingsToolsEquipment 2023-07-24 2024-10-31 NI699571 uk-core:Goodwill 2023-07-23 NI699571 uk-core:Goodwill 2024-10-31 NI699571 2023-07-24 2024-10-31 NI699571 uk-bus:Director1 2023-07-24 2024-10-31 NI699571 uk-bus:Director2 2023-07-24 2024-10-31 NI699571 uk-bus:AuditExempt-NoAccountantsReport 2023-07-24 2024-10-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
JJ McEnhill & Associates Ltd
 
Abridged Unaudited Financial Statements
 
for the financial period from 24 July 2023 (date of incorporation) to 31 October 2024



JJ McEnhill & Associates Ltd
Company Registration Number: NI699571
ABRIDGED BALANCE SHEET
as at 31 October 2024

Oct 24
Notes £
 
Fixed Assets
Intangible assets 6 345,000
Tangible assets 7 60,076
─────────
Fixed Assets 405,076
─────────
 
Current Assets
Debtors 68,381
Cash and cash equivalents 25,387
─────────
93,768
─────────
Creditors: amounts falling due within one year (187,435)
─────────
Net Current Liabilities (93,667)
─────────
Total Assets less Current Liabilities 311,409
 
Creditors:
amounts falling due after more than one year (194,950)
─────────
Net Assets 116,459
═════════
 
Capital and Reserves
Called up share capital 2
Retained earnings 116,457
─────────
Equity attributable to owners of the company 116,459
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial period from 24 July 2023 (date of incorporation) to 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 4 March 2025 and signed on its behalf by
       
       
________________________________      
Mr Joe McEnhill      
Director      
       
       
________________________________
Mrs Joanna McEnhill
Director
       



JJ McEnhill & Associates Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period from 24 July 2023 (date of incorporation) to 31 October 2024

   
1. General Information
 
JJ McEnhill & Associates Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI699571. The registered office of the company is  which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 October 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 15 month 8 days period from 24 July 2023 (date of incorporation) to 31 October 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including directors, during the financial period was 2.
 
  Oct 24
  Number
 
Directors 2
  ═════════
       
6. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 24 July 2023 - -
Additions 345,000 345,000
  ───────── ─────────
At 31 October 2024 345,000 345,000
  ───────── ─────────
Net book value
At 31 October 2024 345,000 345,000
  ═════════ ═════════
       
7. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 24 July 2023 - -
Additions 60,386 60,386
  ───────── ─────────
At 31 October 2024 60,386 60,386
  ───────── ─────────
Depreciation
At 24 July 2023 - -
Charge for the financial period 310 310
  ───────── ─────────
At 31 October 2024 310 310
  ───────── ─────────
Net book value
At 31 October 2024 60,076 60,076
  ═════════ ═════════
     
8. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 October 2024.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.