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Company Registration No. 12872420 (England and Wales)
J Harmsworth Limited Unaudited accounts for the year ended 31 March 2025
J Harmsworth Limited Company Information for the year ended 31 March 2025
Director
Joanne Harmsworth
Company Number
12872420 (England and Wales)
Registered Office
The Business Terrace King Street Maidstone Kent ME15 6AW United Kingdom
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J Harmsworth Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
-
319
Tangible assets
5
3,083
5,430
3,083
5,749
Current assets
Debtors
6
22,841
13,026
Cash at bank and in hand
21,121
9,295
43,962
22,321
Creditors: amounts falling due within one year
7
(46,855)
(47,348)
Net current liabilities
(2,893)
(25,027)
Net assets/(liabilities)
190
(19,278)
Capital and reserves
Called up share capital
10
10
Profit and loss account
180
(19,288)
Shareholders' funds
190
(19,278)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 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 and authorised for issue on 31 December 2025 and were signed on its behalf by
Joanne Harmsworth Director Company Registration No. 12872420
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J Harmsworth Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
J Harmsworth Limited is a private company, limited by shares, registered in England and Wales, registration number 12872420. The registered office is The Business Terrace, King Street, Maidstone, Kent, ME15 6AW, United Kingdom.
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.
Going concern
The company has adopted the going concern basis of accounting in the preparation of these financial statements.
Revenue
Revenue, described as turnover, is the value of work performed during the year with respect to services, plus goods provided to customers during the year, net of VAT and discounts. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible assets
Intangible assets are amortised on a straight line basis over a useful economic life of 5 years.
Tangible assets
Depreciation is provided on all tangible fixed assets 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
25% per annum straight line
Computer equipment
25% per annum straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease. Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases) the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation is charged to the profit and loss account over the shorter of the lease term and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.
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J Harmsworth Limited Notes to the Accounts for the year ended 31 March 2025
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
3,000
At 31 March 2025
3,000
Amortisation
At 1 April 2024
2,681
Charge for the year
319
At 31 March 2025
3,000
Net book value
At 31 March 2025
-
At 31 March 2024
319
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
3,838
5,549
9,387
At 31 March 2025
3,838
5,549
9,387
Depreciation
At 1 April 2024
1,743
2,214
3,957
Charge for the year
960
1,387
2,347
At 31 March 2025
2,703
3,601
6,304
Net book value
At 31 March 2025
1,135
1,948
3,083
At 31 March 2024
2,095
3,335
5,430
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
17,426
11,368
Accrued income and prepayments
5,415
1,658
22,841
13,026
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J Harmsworth Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
557
Trade creditors
3,695
1,906
Taxes and social security
5,858
3,296
Other creditors
10,210
-
Loans from directors
23,439
38,918
Accruals
3,653
2,671
46,855
47,348
8
Transactions with related parties
At the balance sheet date, the company owed the director £23,439 (2024: £38,918) in respect of loans and advances. This amount, included in short-term creditors, is unsecured and repayable on demand. The director has charged the company interest on the outstanding balance at a rate of 5% (2024: 5%).
9
Average number of employees
During the year the average number of employees was 1 (2024: 0).
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