45 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 510,000 510,000 61,743 7,611 69,354 36,125 7,379 43,504 25,850 25,618 xbrli:pure xbrli:shares iso4217:GBP 08007498 2023-09-01 2024-08-31 08007498 2024-08-31 08007498 2023-08-31 08007498 2022-09-01 2023-08-31 08007498 2023-08-31 08007498 2022-08-31 08007498 core:NetGoodwill 2023-09-01 2024-08-31 08007498 core:FurnitureFittings 2023-09-01 2024-08-31 08007498 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 08007498 bus:Director1 2023-09-01 2024-08-31 08007498 core:NetGoodwill 2024-08-31 08007498 core:FurnitureFittings 2023-08-31 08007498 core:FurnitureFittings 2024-08-31 08007498 core:WithinOneYear 2024-08-31 08007498 core:WithinOneYear 2023-08-31 08007498 core:ShareCapital 2024-08-31 08007498 core:ShareCapital 2023-08-31 08007498 core:RetainedEarningsAccumulatedLosses 2024-08-31 08007498 core:RetainedEarningsAccumulatedLosses 2023-08-31 08007498 core:BetweenOneFiveYears 2024-08-31 08007498 core:BetweenOneFiveYears 2023-08-31 08007498 core:FurnitureFittings 2023-08-31 08007498 bus:SmallEntities 2023-09-01 2024-08-31 08007498 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08007498 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08007498 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08007498 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 08007498
Cameron Jones Hussell & Howe Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2024
Cameron Jones Hussell & Howe Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Cameron Jones Hussell & Howe Limited
Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
Year ended 31 August 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 August 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CLAY SHAW THOMAS LTD
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
21 May 2025
Cameron Jones Hussell & Howe Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
25,850
25,618
Current assets
Debtors
7
910,233
1,914,132
Cash at bank and in hand
96,237
205,524
------------
------------
1,006,470
2,119,656
Creditors: amounts falling due within one year
8
525,988
566,944
------------
------------
Net current assets
480,482
1,552,712
---------
------------
Total assets less current liabilities
506,332
1,578,330
Provisions
Taxation including deferred tax
6,284
4,702
---------
------------
Net assets
500,048
1,573,628
---------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
499,948
1,573,528
---------
------------
Shareholders funds
500,048
1,573,628
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cameron Jones Hussell & Howe Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
Mr R S Howe
Director
Company registration number: 08007498
Cameron Jones Hussell & Howe Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1-3 Grove Place, Port Talbot, SA13 1HX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss represents amounts invoiced during the period for legal work performed in line with the principal activity, exclusive of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Furniture & equipment
-
25% reducing balance
Impairment of fixed assets
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 45 (2023: 49 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
510,000
---------
Amortisation
At 1 September 2023 and 31 August 2024
510,000
---------
Carrying amount
At 31 August 2024
---------
At 31 August 2023
---------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 September 2023
61,743
61,743
Additions
7,611
7,611
--------
--------
At 31 August 2024
69,354
69,354
--------
--------
Depreciation
At 1 September 2023
36,125
36,125
Charge for the year
7,379
7,379
--------
--------
At 31 August 2024
43,504
43,504
--------
--------
Carrying amount
At 31 August 2024
25,850
25,850
--------
--------
At 31 August 2023
25,618
25,618
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
176,411
160,067
Other debtors
733,822
1,754,065
---------
------------
910,233
1,914,132
---------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
117,873
50,820
Social security and other taxes
166,048
184,113
Other creditors
242,067
332,011
---------
---------
525,988
566,944
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
10,958
24,176
Later than 1 year and not later than 5 years
1,700
6,333
--------
--------
12,658
30,509
--------
--------
10. Related party transactions
Cameron Jones Hussell & Howe Limited is a 100% subsidiary of CJHH (Holdings) Limited and as such, has taken advantage of the exemption stated in FRS 102 whereby disclosure need not be given of transactions entered into between two or more members of the same group, provided that any subsidiary which is party to the transaction is wholly owned by such member. During the year rent of £8,750 (2023: £8,750) was paid to one of the directors Mr J G Hussell. Included in creditors are the following loans to directors:
RS Howe
£
Balance as at 1 September 2023 and 31 August 2024 84,599
--------
This loan is interest free and has no fixed terms of repayment.