J.H. Greenwood & Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05599199 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

J.H. GREENWOOD & COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Greenwood FCA

M Mcleman ACA CTA ATT

G J Greenwood ACA CTA ATT

Mrs G O'Dea CA

REGISTERED OFFICE:

Ava Lodge, Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

REGISTERED NUMBER:

05599199 (England and Wales)

FIXED ASSETS

Intangible assets

4

194,901

223,105

Tangible assets

5

25,123

7,731

220,024

230,836

CURRENT ASSETS

Debtors

6

514,116

467,560

Cash at bank and in hand

182,238

175,123

696,354

642,683

CREDITORS

Amounts falling due within one year

7

243,063

267,624

NET CURRENT ASSETS

453,291

375,059

TOTAL ASSETS LESS CURRENT LIABILITIES

673,315

605,895

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

672,115

604,695

SHAREHOLDERS' FUNDS

673,315

605,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2020 and were signed on its behalf by:

M Mcleman ACA CTA ATT - Director

1.	STATUTORY INFORMATION

J.H. Greenwood & Company 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.

Goodwill

Goodwill is being amortised evenly over it's estimated useful life of 10 years.

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.

Tangible fixed assets

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

Office Equipment

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

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 19 (2019 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

626,425

Additions

4,598

At 31 March 2020

631,023

AMORTISATION

At 1 April 2019

403,320

Charge for year

32,802

At 31 March 2020

436,122

NET BOOK VALUE

At 31 March 2020

194,901

At 31 March 2019

223,105

5.	TANGIBLE FIXED ASSETS

Office

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 April 2019

5,678

9,761

15,439

Additions

2,545

23,761

26,306

Impairments

(5,678

)

-

(5,678

)

At 31 March 2020

2,545

33,522

36,067

DEPRECIATION

At 1 April 2019

5,678

2,030

7,708

Charge for year

852

8,062

8,914

Impairments

(5,678

)

-

(5,678

)

At 31 March 2020

852

10,092

10,944

NET BOOK VALUE

At 31 March 2020

1,693

23,430

25,123

At 31 March 2019

-

7,731

7,731

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

222,716

239,159

Amounts recoverable on contract

274,444

212,960

Other debtors

16,956

15,441

514,116

467,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

19,688

15,472

Taxation and social security

173,265

174,946

Other creditors

50,110

77,206

243,063

267,624