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Registered number: 03948088
Jon Whitmarsh Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hub Accountants Limited
Chartered Accountants
Innovation House
Wincombe Lane
Shaftesbury
Dorset
SP7 8FG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03948088
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 8,652 10,559
8,652 10,559
CURRENT ASSETS
Stocks 4 42,258 117,012
Debtors 5 39,486 11,318
Cash at bank and in hand 1,320,028 1,173,342
1,401,772 1,301,672
Creditors: Amounts Falling Due Within One Year 6 (245,189 ) (203,797 )
NET CURRENT ASSETS (LIABILITIES) 1,156,583 1,097,875
TOTAL ASSETS LESS CURRENT LIABILITIES 1,165,235 1,108,434
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,164 ) (2,007 )
NET ASSETS 1,163,071 1,106,427
CAPITAL AND RESERVES
Called up share capital 7 11 11
Capital redemption reserve 3 3
Profit and Loss Account 1,163,057 1,106,413
SHAREHOLDERS' FUNDS 1,163,071 1,106,427
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Whitmarsh
Director
6th October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover represents amounts receivable for building services rendered net of VAT.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15 % Reducing balance
Motor Vehicles 20 % Reducing balance
Fixtures & Fittings 15 % Reducing balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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1.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
3Average number of employees, including directors, during the year was: 4 (2024: 3)
4 3
3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 7,091 25,669 1,797 34,557
Additions 750 - - 750
As at 31 March 2025 7,841 25,669 1,797 35,307
Depreciation
As at 1 April 2024 4,635 18,127 1,236 23,998
Provided during the period 802 1,509 346 2,657
As at 31 March 2025 5,437 19,636 1,582 26,655
Net Book Value
As at 31 March 2025 2,404 6,033 215 8,652
As at 1 April 2024 2,456 7,542 561 10,559
4. Stocks
2025 2024
£ £
Work in progress 42,258 117,012
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 36,814 9,543
Prepayments and accrued income 2,672 1,775
39,486 11,318
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,646 11,661
Corporation tax 31,766 30,154
Other taxes and social security 2,677 1,401
VAT 11,156 20,385
Net wages 75 71
Other creditors 6,148 2,310
Accruals and deferred income 8,984 2,000
Director's loan account 173,737 135,815
245,189 203,797
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 11 11
8. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 43,000 45,000
Page 5