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REGISTERED NUMBER: 07100343 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Jonathan Read Ltd
Trading as
Malcolm Neeve Joinery

Jonathan Read Ltd (Registered number: 07100343)
Trading as Malcolm Neeve Joinery






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


Jonathan Read Ltd
Trading as Malcolm Neeve Joinery

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J W Read





SECRETARY: Mrs L M Read





REGISTERED OFFICE: 10, Kingfisher Rise
Saxmundham
Suffolk
IP17 1WE





REGISTERED NUMBER: 07100343 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Jonathan Read Ltd (Registered number: 07100343)
Trading as Malcolm Neeve Joinery

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,469 21,500

CURRENT ASSETS
Stocks 5 9,100 2,600
Debtors 6 16,637 16,343
Cash at bank 26,237 35,934
51,974 54,877
CREDITORS
Amounts falling due within one year 7 36,889 32,585
NET CURRENT ASSETS 15,085 22,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,554

43,792

CREDITORS
Amounts falling due after more than one
year

8

(8,512

)

(12,952

)

PROVISIONS FOR LIABILITIES 9 (3,700 ) (4,085 )
NET ASSETS 22,342 26,755

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22,341 26,754
SHAREHOLDERS' FUNDS 22,342 26,755

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 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.

Jonathan Read Ltd (Registered number: 07100343)
Trading as Malcolm Neeve Joinery

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 director and authorised for issue on 16 October 2023 and were signed by:





Mr J W Read - Director


Jonathan Read Ltd (Registered number: 07100343)
Trading as Malcolm Neeve Joinery

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Jonathan Read 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

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Jonathan Read Ltd (Registered number: 07100343)
Trading as Malcolm Neeve Joinery

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
Plant and Motor & office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 19,685 24,495 2,048 46,228
Additions 3,415 - - 3,415
At 31 March 2023 23,100 24,495 2,048 49,643
DEPRECIATION
At 1 April 2022 16,135 6,885 1,708 24,728
Charge for year 959 4,402 85 5,446
At 31 March 2023 17,094 11,287 1,793 30,174
NET BOOK VALUE
At 31 March 2023 6,006 13,208 255 19,469
At 31 March 2022 3,550 17,610 340 21,500

5. STOCKS
2023 2022
£    £   
Stocks 1,100 1,100
Unbilled sales contracts 8,000 1,500
9,100 2,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,694 10,839
PAYE & NIC overpaid - 72
Directors' current accounts 6,943 5,432
16,637 16,343

Jonathan Read Ltd (Registered number: 07100343)
Trading as Malcolm Neeve Joinery

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,440 4,451
Trade creditors 17,373 9,032
Tax 7,082 4,623
Social security and other taxes - 789
VAT 5,185 1,164
Pension contributions 74 74
Accrued expenses 2,735 4,584
Prepaid income - 7,868
36,889 32,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 8,512 12,952

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,700 4,085

Deferred
tax
£   
Balance at 1 April 2022 4,085
Provided during year (385 )
Balance at 31 March 2023 3,700

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr J W Read
Balance outstanding at start of year 5,432 3,574
Amounts advanced 6,943 11,005
Amounts repaid (5,432 ) (9,147 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,943 5,432