HJI Architecture Limited - Filleted accounts

HJI Architecture Limited - Filleted accounts

HJI ARCHITECTURE LTD - Company Information

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Registered number
12413328
HJI Architecture Limited
Filleted Accounts
31 January 2022
HJI Architecture Limited
Registered number: 12413328
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,134 786
Current assets
Debtors 4 6,130 3,753
Cash at bank and in hand 7,002 10,647
13,132 14,400
Creditors: amounts falling due within one year 5 (11,088) (11,492)
Net current assets 2,044 2,908
Net assets 5,178 3,694
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,078 3,594
Shareholder's funds 5,178 3,694
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H J Inston
Director
Approved by the board on 24 October 2022
HJI Architecture Limited
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, 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, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2021 1,048
Additions 3,393
At 31 January 2022 4,441
Depreciation
At 1 February 2021 262
Charge for the year 1,045
At 31 January 2022 1,307
Net book value
At 31 January 2022 3,134
At 31 January 2021 786
4 Debtors 2022 2021
£ £
Trade debtors 6,130 3,753
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 3,564 4,984
Other creditors 7,524 6,508
11,088 11,492
6 Controlling party
The ultimate controlling party is Ms H J Inston.
7 Other information
HJI Architecture Limited is a private company limited by shares and incorporated in England. Its registered office is:
75a Main Road
Kempsey
Worcester
WR5 3NB
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