JMH Solutions Limited - Accounts to registrar (filleted) - small 18.2

JMH Solutions Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07104179 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

JMH SOLUTIONS LIMITED

JMH SOLUTIONS LIMITED (REGISTERED NUMBER: 07104179)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMH SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2018







DIRECTOR: M J Henderson





SECRETARY: M J Henderson





REGISTERED OFFICE: Unit 37
Louis Pearlman Centre
Goulton Street
Hull
East Yorkshire
HU3 4DL





REGISTERED NUMBER: 07104179 (England and Wales)





ACCOUNTANTS: The Accountancy & Administration Bureau
31 Thornfields
Thorngumbald
East Riding

JMH SOLUTIONS LIMITED (REGISTERED NUMBER: 07104179)

BALANCE SHEET
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,456 13,711

CURRENT ASSETS
Stocks 6,325 4,250
Debtors 5 1,141 1,929
Cash at bank 675 5,328
8,141 11,507
CREDITORS
Amounts falling due within one year 6 17,403 17,950
NET CURRENT LIABILITIES (9,262 ) (6,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,194

7,268

CREDITORS
Amounts falling due after more than one
year

7

-

(2,968

)

PROVISIONS FOR LIABILITIES (1,799 ) (2,145 )
NET ASSETS 395 2,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 295 2,055
SHAREHOLDERS' FUNDS 395 2,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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.

JMH SOLUTIONS LIMITED (REGISTERED NUMBER: 07104179)

BALANCE SHEET - continued
31 December 2018


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 Income Statement has not been delivered.

The financial statements were approved by the director on 12 September 2019 and were signed by:





M J Henderson - Director


JMH SOLUTIONS LIMITED (REGISTERED NUMBER: 07104179)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

JMH Solutions Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

JMH SOLUTIONS LIMITED (REGISTERED NUMBER: 07104179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018
and 31 December 2018 60,395
DEPRECIATION
At 1 January 2018 46,684
Charge for year 2,255
At 31 December 2018 48,939
NET BOOK VALUE
At 31 December 2018 11,456
At 31 December 2017 13,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,141 1,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,216 2,375
Trade creditors 382 -
Taxation and social security 9,311 10,453
Other creditors 1,494 5,122
17,403 17,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 2,968

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans - 5,343

The bank loan was secured by personal guarantee given by Mr M Henderson

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,500 (2017 - £28,700) were paid to the director .