JKH Masonry Cleaning Limited Filleted accounts for Companies House (small and micro)

J K H MASONRY CLEANING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05029438

JKH Masonry Cleaning Limited

Filleted Unaudited Financial Statements

31 March 2019

JKH Masonry Cleaning Limited

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		320	909

Current assets

Stocks		2,000	2,000
Debtors	6	60,565	71,533
Cash at bank and in hand		141	141
		--------	--------
		62,706	73,674

Creditors: amounts falling due within one year	7	57,069		68,528
		--------		--------
Net current assets			5,637	5,146
			-------	-------
Total assets less current liabilities			5,957	6,055

Creditors: amounts falling due after more than one year	8	2,405	5,028
		-------	-------
Net assets		3,552	1,027
		-------	-------

JKH Masonry Cleaning Limited

Statement of Financial Position (continued)

31 March 2019

	2019		2018
Note	£	£	£

Capital and reserves

Called up share capital	3	3
Profit and loss account	3,549	1,024
	-------	-------
Shareholders funds	3,552	1,027
	-------	-------

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 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 income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 December 2019 , and are signed on behalf of the board by:

Mr J Harrod
Director

Company registration number: 05029438

JKH Masonry Cleaning Limited

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 175 Severn Avenue, Swindon, Wiltshire, SN25 3NE.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date where material.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2018	29,776	11,300	1,564	42,640
Additions	–	–	142	142
Disposals	–	( 1,800)	( 281)	( 2,081)
	--------	--------	-------	--------
At 31 March 2019	29,776	9,500	1,425	40,701
	--------	--------	-------	--------
Depreciation
At 1 April 2018	29,723	10,850	1,158	41,731
Charge for the year	27	–	74	101
Disposals	–	( 1,350)	( 101)	( 1,451)
	--------	--------	-------	--------
At 31 March 2019	29,750	9,500	1,131	40,381
	--------	--------	-------	--------
Carrying amount
At 31 March 2019	26	–	294	320
	--------	--------	-------	--------
At 31 March 2018	53	450	406	909
	--------	--------	-------	--------

6. Debtors

	2019	2018
	£	£
Trade debtors	7,021	14,640
Other debtors	53,544	56,893
	--------	--------
	60,565	71,533
	--------	--------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	27,717	26,376
Trade creditors	4,392	7,034
Corporation tax	20,692	19,948
Social security and other taxes	2,532	3,830
Other creditors	1,736	11,340
	--------	--------
	57,069	68,528
	--------	--------

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

	2019	2018
	£	£
Bank loans and overdrafts	2,405	5,028
	-------	-------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2019
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J Harrod	40,784	( 5,195)	35,589
	--------	-------	--------

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J Harrod	43,118	( 2,334)	40,784
	--------	-------	--------