| HMJ & CO LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 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 represents the value of services provided to customers and work carried out in respect of services provided to customers. |
|
|
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 |
over 4 years |
|
Motor Vehicle |
14% |
|
|
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. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
6,495 |
|
- |
|
6,495 |
|
Additions |
- |
|
23,450 |
|
23,450 |
|
At 31 December 2024 |
6,495 |
|
23,450 |
|
29,945 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
5,123 |
|
- |
|
5,123 |
|
Charge for the year |
533 |
|
3,283 |
|
3,816 |
|
At 31 December 2024 |
5,656 |
|
3,283 |
|
8,939 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
839 |
|
20,167 |
|
21,006 |
|
At 31 December 2023 |
1,372 |
|
- |
|
1,372 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
13,231 |
|
9,228 |
|
Other debtors |
- |
|
1,578 |
|
|
|
|
|
|
13,231 |
|
10,806 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
4,793 |
|
5,841 |
|
Other taxes and social security costs |
(2,007) |
|
1,484 |
|
Other creditors |
26,388 |
|
7,697 |
|
|
|
|
|
|
29,174 |
|
15,022 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
HMJ & CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
71-75 Shelton Street |
|
London |
|
England |
|
WC2H 9JQ |