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

REGISTERED NUMBER: 07104179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

JMH SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

13,711

19,239

CURRENT ASSETS

Stocks

4,250

4,250

Debtors

5

1,929

1,936

Cash at bank

5,328

4,179

11,507

10,365

CREDITORS

Amounts falling due within one year

6

17,950

20,552

NET CURRENT LIABILITIES

(6,443

)

(10,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,268

9,052

CREDITORS

Amounts falling due after more than one year

7

(2,968

)

(5,343

)

PROVISIONS FOR LIABILITIES

(2,145

)

(3,257

)

NET ASSETS

2,155

452

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

2,055

451

SHAREHOLDERS' FUNDS

2,155

452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 19 September 2018 and were signed by:

M J Henderson - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

57,846

Additions

2,549

At 31 December 2017

60,395

DEPRECIATION

At 1 January 2017

38,607

Charge for year

8,077

At 31 December 2017

46,684

NET BOOK VALUE

At 31 December 2017

13,711

At 31 December 2016

19,239

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,929

1,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

2,375

2,407

Trade creditors

-

115

Taxation and social security

10,453

13,578

Other creditors

5,122

4,452

17,950

20,552

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

2,968

5,343

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

5,343

7,718

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

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,700 (2016 - £28,000) were paid to the director .