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Company Registration No. 14518229 (England and Wales)
JHI DISTRIBUTION LTD Unaudited accounts for the year ended 31 December 2024
JHI DISTRIBUTION LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,213 
28,818 
Current assets
Inventories
22,545 
20,790 
Debtors
145,911 
45,064 
Cash at bank and in hand
86,869 
24,922 
255,325 
90,776 
Creditors: amounts falling due within one year
(172,711)
(69,068)
Net current assets
82,614 
21,708 
Total assets less current liabilities
120,827 
50,526 
Provisions for liabilities
Deferred tax
(4,369)
(1,949)
Net assets
116,458 
48,577 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
116,358 
48,477 
Shareholders' funds
116,458 
48,577 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by
Habib Rehman Director Company Registration No. 14518229
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JHI DISTRIBUTION LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
JHI DISTRIBUTION LTD is a private company, limited by shares, registered in England and Wales, registration number 14518229. The registered office is 57 TOLLER GROVE, BRADFORD, BD9 5NS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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JHI DISTRIBUTION LTD Notes to the Accounts for the year ended 31 December 2024
Going concern
The directors have carried out a detailed review of the company's resources and projected income streams. They are confident that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. Therefore, the company continues to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
36,559 
Additions
19,350 
At 31 December 2024
55,909 
Depreciation
At 1 January 2024
7,741 
Charge for the year
9,955 
At 31 December 2024
17,696 
Net book value
At 31 December 2024
38,213 
At 31 December 2023
28,818 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,369 
1,949 
2024 
2023 
£ 
£ 
Provision at start of year
1,949 
- 
Charged to the profit and loss account
2,420 
1,949 
Provision at end of year
4,369 
1,949 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 10 (2023: 8).
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