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REGISTERED NUMBER: 08498751 (England and Wales)















Josiah-Lake Gardiner Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






Josiah-Lake Gardiner Ltd (Registered number: 08498751)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Josiah-Lake Gardiner Ltd

Company Information
for the year ended 31 March 2023







Directors: Mrs Rebecca Gardiner
David Josiah-Lake





Registered office: 12-18 Theobalds Road
London
WC1X 8SL





Registered number: 08498751 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Josiah-Lake Gardiner Ltd (Registered number: 08498751)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,049 2,065
2,049 2,065

Current assets
Work in progress 90,558 79,138
Debtors 6 115,030 101,765
Cash at bank 140,752 154,755
346,340 335,658
Creditors
Amounts falling due within one year 7 84,941 88,269
Net current assets 261,399 247,389
Total assets less current liabilities 263,448 249,454

Capital and reserves
Called up share capital 8 200 200
Retained earnings 9 263,248 249,254
Shareholders' funds 263,448 249,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

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 18 October 2023 and were signed on its behalf by:





David Josiah-Lake - Director


Josiah-Lake Gardiner Ltd (Registered number: 08498751)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Josiah-Lake Gardiner Ltd 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.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.There is estimation uncertainty in calculating work in progress.

Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, and was amortised evenly over its estimated useful life of five 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Work in progress
Where the outcome can be estimated reliably, revenue and costs are recognised by reference to the stage of completion at the reporting end date.

The percentage of completion method is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of costs incurred for work performed to date compared to the estimated total costs. Costs incurred in the year in connection with future activity are excluded in determining the stage of completion. These costs are presented as prepayments provided it is probable they will be recovered.

Josiah-Lake Gardiner Ltd (Registered number: 08498751)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 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.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 5 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
and 31 March 2023 240,000
Amortisation
At 1 April 2022
and 31 March 2023 240,000
Net book value
At 31 March 2023 -
At 31 March 2022 -

Josiah-Lake Gardiner Ltd (Registered number: 08498751)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 April 2022 13,860 10,451 24,311
Additions - 1,395 1,395
At 31 March 2023 13,860 11,846 25,706
Depreciation
At 1 April 2022 13,860 8,386 22,246
Charge for year - 1,411 1,411
At 31 March 2023 13,860 9,797 23,657
Net book value
At 31 March 2023 - 2,049 2,049
At 31 March 2022 - 2,065 2,065

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 112,786 92,128
Other debtors 2,244 9,637
115,030 101,765

7. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 60,301 48,596
Other creditors 24,640 39,673
84,941 88,269

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary A shares £1 100 100
100 Ordinary B shares £1 100 100
200 200

Josiah-Lake Gardiner Ltd (Registered number: 08498751)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


9. Reserves
Retained
earnings
£

At 1 April 2022 249,254
Profit for the year 191,994
Dividends (178,000 )
At 31 March 2023 263,248

10. Related party disclosures

During the year, total dividends of £178,000 (2022 - £208,000) were paid to the directors.

11. Ultimate controlling party

The company is controlled by its directors.