J Humphrey & Partners Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07147693

J Humphrey & Partners Limited

Filleted Unaudited Financial Statements

30 November 2025

J Humphrey & Partners Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of J Humphrey & Partners Limited

Year ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J Humphrey & Partners Limited for the year ended 30 November 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of J Humphrey & Partners Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of J Humphrey & Partners Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Humphrey & Partners Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J Humphrey & Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Humphrey & Partners Limited. You consider that J Humphrey & Partners Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of J Humphrey & Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

3S ACCOUNTANCY Chartered accountants

5-8 Priestgate Darlington DL1 1NL

17 August 2026

J Humphrey & Partners Limited

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	92,750	113,750
Tangible assets	6	87,791	92,221
		---------	---------
		180,541	205,971

Current assets

Debtors	7	729,647	623,421
Cash at bank and in hand		67,141	80,828
		---------	---------
		796,788	704,249

Creditors: amounts falling due within one year	8	502,488	370,578
		---------	---------
Net current assets		294,300	333,671
		---------	---------
Total assets less current liabilities		474,841	539,642

Creditors: amounts falling due after more than one year	9	–	4,656

Provisions	11,954	27,942
	---------	---------
Net assets	462,887	507,044
	---------	---------

Capital and reserves

Called up share capital	6	6
Profit and loss account	462,881	507,038
	---------	---------
Shareholders funds	462,887	507,044
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

J Humphrey & Partners Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

M B Malt

Director

Company registration number: 07147693

J Humphrey & Partners Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 The Bulrushes, Woodstock Way, Boldon Business Park, South Tyneside, NE35 9PF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis. The directors have made an assessment in preparing these financial statements as to whether the company is a going concern and has concluded that there are no material uncertainties that may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Amounts recoverable on contracts comprises direct labour costs that have been incurred to date on projects. At each reporting date, amounts recoverable on contracts is assessed for impairment. If deemed to be impaired, the carrying amount is reduced to its selling price less costs to complete the project; the impairment loss is recognised immediately in profit or loss.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when: -the amount can be reliably measured; -it is probable that economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property	-	5% straight line
Plant and machinery	-	33% straight line
Fixtures and fittings	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2024: 16 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 December 2024 and 30 November 2025	420,000
	---------
Amortisation
At 1 December 2024	306,250
Charge for the year	21,000
	---------
At 30 November 2025	327,250
	---------
Carrying amount
At 30 November 2025	92,750
	---------
At 30 November 2024	113,750
	---------

6. Tangible assets

	Improvement to property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 December 2024	79,696	64,846	13,684	158,226
Additions	7,120	1,734	832	9,686
	--------	--------	--------	---------
At 30 November 2025	86,816	66,580	14,516	167,912
	--------	--------	--------	---------
Depreciation
At 1 December 2024	7,105	52,102	6,798	66,005
Charge for the year	4,044	8,659	1,413	14,116
	--------	--------	--------	---------
At 30 November 2025	11,149	60,761	8,211	80,121
	--------	--------	--------	---------
Carrying amount
At 30 November 2025	75,667	5,819	6,305	87,791
	--------	--------	--------	---------
At 30 November 2024	72,591	12,744	6,886	92,221
	--------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	574,709	505,950
Other debtors	154,938	117,471
	---------	---------
	729,647	623,421
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	253,758	133,473
Social security and other taxes	95,285	77,216
Other creditors	153,445	159,889
	---------	---------
	502,488	370,578
	---------	---------

Included in creditors are amounts due on hire purchase of £4,656 (2024: £10,864) which are secured against the assets to which they relate.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	–	4,656
	----	-------

10. Operating leases

As lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	35,816	35,816
Later than 1 year and not later than 5 years	143,264	143,264
Later than 5 years	74,617	110,433
	---------	---------
	253,697	289,513
	---------	---------

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	17,908	17,908
Later than 1 year and not later than 5 years	71,632	71,632
Later than 5 years	37,308	55,216
	---------	---------
	126,848	144,756
	---------	---------

11. Related party transactions

The parent company is J Humphrey (Holdings) Limited , a holding company which is incorporated in the United Kingdom. On 16 February 2024 the issued share capital of J Humphrey (Holdings) Limited was transferred to the J Humphrey & Partners Employee Ownership Trust ('JHPEOT') in order for the company to become fully employee owned. The company paid management charges of £20,347 (2024: £27,695) to J Humphrey (Holdings) Limited. Rent of £19,362 (2024: 19328) was received from J Humphrey (Holdings) Limited. At the year end an amount of £nil was outstanding (2024 £nil).