REGISTERED NUMBER: 07939841 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

John Finch Computers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Finch

SECRETARY:

R I Finch

REGISTERED OFFICE:

Mortimer House

Holmer Road

Hereford

Herefordshire

HR4 9TA

REGISTERED NUMBER:

07939841 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Intangible assets

4

2,127

1,626

Tangible assets

5

146,855

129,560

148,982

131,186

CURRENT ASSETS

Stocks

28,750

10,250

Debtors

6

425,550

418,431

Cash at bank and in hand

33,073

36,041

487,373

464,722

CREDITORS

Amounts falling due within one year

7

131,545

150,955

NET CURRENT ASSETS

355,828

313,767

TOTAL ASSETS LESS CURRENT LIABILITIES

504,810

444,953

PROVISIONS FOR LIABILITIES

24,956

18,558

NET ASSETS

479,854

426,395

CAPITAL AND RESERVES

Called up share capital

130

130

Retained earnings

479,724

426,265

479,854

426,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

J Finch - Director

1.	STATUTORY INFORMATION

John Finch Computers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of goods and services to customers.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

Domain name are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Domain

Trademark

name

Totals

£

£

£

COST

At 1 April 2024

1,282

1,000

2,282

Additions

-

1,037

1,037

At 31 March 2025

1,282

2,037

3,319

AMORTISATION

At 1 April 2024

256

400

656

Amortisation for year

129

407

536

At 31 March 2025

385

807

1,192

NET BOOK VALUE

At 31 March 2025

897

1,230

2,127

At 31 March 2024

1,026

600

1,626

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

153,049

69,971

10,500

29,144

262,664

Additions

-

12,603

35,000

1,222

48,825

At 31 March 2025

153,049

82,574

45,500

30,366

311,489

DEPRECIATION

At 1 April 2024

78,815

26,155

8,009

20,125

133,104

Charge for year

11,134

8,463

9,373

2,560

31,530

At 31 March 2025

89,949

34,618

17,382

22,685

164,634

NET BOOK VALUE

At 31 March 2025

63,100

47,956

28,118

7,681

146,855

At 31 March 2024

74,234

43,816

2,491

9,019

129,560

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

318,825

297,950

Other debtors

106,725

120,481

425,550

418,431

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,449

9,508

Taxation and social security

95,070

131,956

Other creditors

15,026

9,491

131,545

150,955

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J Finch

Balance outstanding at start of year

14,652

40,312

Amounts advanced

7,469

10,374

Amounts repaid

(31,405

)

(36,034

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,284

)

14,652

During the year the director operated a loan account with the company. As at the year end, the director's loan balance amounted to £9,284 representing funds due by the company to the director (2024: £14,652

owed by the director to the company).

Interest on the director's loan is charged at the official HMRC rate for any periods that it's overdrawn. The loan is repayable on demand.

During the year the company lent money to a company also owned by the Director. As at 31 March 2025 there was a balance outstanding of £33,479 (2024: £37,329). This is repayable on demand and no interest is charged.