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REGISTERED NUMBER: 05359467 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

JRS ACCOUNTANTS LIMITED

JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


JRS ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr J R Smith
Mrs K Smith





REGISTERED OFFICE: 584 Wellsway
Bath
BA2 2UE





REGISTERED NUMBER: 05359467 (England and Wales)





ACCOUNTANTS: JRS Accountants Limited
584 Wellsway
Bath
Somerset
BA2 2UE

JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2023


The directors present their report with the financial statements of the company for the year ended 30 April 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

Mr J R Smith
Mrs K Smith

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J R Smith - Director


19 May 2023

JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,097 -

CURRENT ASSETS
Debtors 5 28,282 46,256
Cash at bank 120,244 88,373
148,526 134,629
CREDITORS
Amounts falling due within one year 6 (55,624 ) (32,143 )
NET CURRENT ASSETS 92,902 102,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,999

102,486

CREDITORS
Amounts falling due after more than one
year

7

(19,380

)

(20,000

)
NET ASSETS 78,619 82,486

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,519 82,386
SHAREHOLDERS' FUNDS 78,619 82,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

BALANCE SHEET - continued
30 APRIL 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2023 and were signed on its behalf by:





Mr J R Smith - Director


JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

JRS Accountants 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 5,756
At 30 April 2023 5,756
DEPRECIATION
Charge for year 659
At 30 April 2023 659
NET BOOK VALUE
At 30 April 2023 5,097

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
equipment
£   
COST
Additions 3,900
At 30 April 2023 3,900
DEPRECIATION
Charge for year 195
At 30 April 2023 195
NET BOOK VALUE
At 30 April 2023 3,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,228 16,884
Amounts owed by associates - 3,000
Other debtors 4,865 24,200
Prepayments 5,189 2,172
28,282 46,256

JRS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05359467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,443 5,000
Finance leases 780 -
Trade creditors 5,640 6,087
Tax 26,660 9,373
Social security and other taxes 592 -
VAT 16,574 11,642
Directors' loan accounts 18 41
Accrued expenses 917 -
55,624 32,143

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 16,455 20,000
Finance leases 2,925 -
19,380 20,000