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REGISTERED NUMBER: 08024742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JOHN FINCH PARTNERSHIP LIMITED

JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

JOHN FINCH PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D C Coker
T J Wiltshire
Miss J Mahbubani Curbelo





REGISTERED OFFICE: 88 Broomfield Road
Chelmsford
Essex
CM1 1SS





REGISTERED NUMBER: 08024742 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY

JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110,000 120,000
Tangible assets 5 17,691 16,220
127,691 136,220

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 137,779 71,822
Cash at bank and in hand 79,800 108,968
247,579 210,790
CREDITORS
Amounts falling due within one year 7 109,686 111,741
NET CURRENT ASSETS 137,893 99,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,584

235,269

PROVISIONS FOR LIABILITIES 3,361 3,082
NET ASSETS 262,223 232,187

CAPITAL AND RESERVES
Called up share capital 8 300 300
Share premium 1,593 1,593
Capital redemption reserve 100 100
Retained earnings 260,230 230,194
SHAREHOLDERS' FUNDS 262,223 232,187

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.

JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

BALANCE SHEET - continued
31 MARCH 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 13 November 2023 and were signed on its behalf by:




T J Wiltshire - Director



Miss J Mahbubani Curbelo - Director


JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

John Finch Partnership 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Goodwill is being amortised over 20 years which is not in accordance with the requirements of FRS 102, however the directors determine this to be its estimated useful life.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 200,000
AMORTISATION
At 1 April 2022 80,000
Charge for year 10,000
At 31 March 2023 90,000
NET BOOK VALUE
At 31 March 2023 110,000
At 31 March 2022 120,000

JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 46,024
Additions 7,368
At 31 March 2023 53,392
DEPRECIATION
At 1 April 2022 29,804
Charge for year 5,897
At 31 March 2023 35,701
NET BOOK VALUE
At 31 March 2023 17,691
At 31 March 2022 16,220

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 128,835 68,396
Other debtors 8,944 3,426
137,779 71,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 9,921 12,820
Taxation and social security 84,592 82,390
Other creditors 15,173 16,531
109,686 111,741

JOHN FINCH PARTNERSHIP LIMITED (REGISTERED NUMBER: 08024742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the following amounts were owed to the directors from the company: J Mahbubani £320 (2022: £686), D Coker £221 (2022: £935) and T Wiltshire £721 (2022: £935).

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The controlling parties are the directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JOHN FINCH PARTNERSHIP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Finch Partnership Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16AAF.






CBHC Limited
Suite 3, The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY


Date: .............................................