Company registration number 04844574 (England and Wales)
Joseph Oliver Marketing Limited
Unaudited Financial Statements
For the year ended 31 January 2023
PAGES FOR FILING WITH REGISTRAR
Joseph Oliver Marketing Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Joseph Oliver Marketing Limited
Balance Sheet
As at 31 January 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6
6
Investments
4
4,060
4,060
4,066
4,066
Current assets
Cash at bank and in hand
34,408
54,867
Creditors: amounts falling due within one year
5
(5,724)
(14,019)
Net current assets
28,684
40,848
Total assets less current liabilities
32,750
44,914
Creditors: amounts falling due after more than one year
6
(18,708)
(22,500)
Net assets
14,042
22,414
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
13,942
22,314
Total equity
14,042
22,414

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 September 2023
Mr M G J Groombridge
Director
Company Registration No. 04844574
Joseph Oliver Marketing Limited
Notes to the Financial Statements
For the year ended 31 January 2023
- 2 -
1
Accounting policies
Company information

Joseph Oliver Marketing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Joseph Oliver Marketing Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
6,334
Depreciation and impairment
At 1 February 2022 and 31 January 2023
6,328
Carrying amount
At 31 January 2023
6
At 31 January 2022
6
Joseph Oliver Marketing Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2023
- 4 -
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
4,060
4,060
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
3,666
13,085
Other creditors
2,058
934
5,724
14,019
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,708
22,500
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