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REGISTERED NUMBER: 07018578 (England and Wales)












Financial Statements

for the Year Ended 31 March 2023

for

JONATHAN WOOD ASSOCIATES LIMITED

JONATHAN WOOD ASSOCIATES LIMITED (REGISTERED NUMBER: 07018578)






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 WOOD ASSOCIATES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J M Wood





REGISTERED OFFICE: The Studio
12 St Thomas's Court
St Thomas's Street
Portsmouth
PO1 2HD





REGISTERED NUMBER: 07018578 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

JONATHAN WOOD ASSOCIATES LIMITED (REGISTERED NUMBER: 07018578)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,262 106,685
3,262 106,685

CURRENT ASSETS
Stocks 120,000 -
Debtors 6 19,740 42,051
Cash at bank 63,560 60,661
203,300 102,712
CREDITORS
Amounts falling due within one year 7 31,579 58,912
NET CURRENT ASSETS 171,721 43,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,983

150,485

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 174,982 150,484
SHAREHOLDERS' FUNDS 174,983 150,485

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 WOOD ASSOCIATES LIMITED (REGISTERED NUMBER: 07018578)

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 20 September 2023 and were signed by:





J M Wood - Director


JONATHAN WOOD ASSOCIATES LIMITED (REGISTERED NUMBER: 07018578)

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

1. STATUTORY INFORMATION

Jonathan Wood Associates 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 2010, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

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.

JONATHAN WOOD ASSOCIATES LIMITED (REGISTERED NUMBER: 07018578)

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 18,000
AMORTISATION
At 1 April 2022
and 31 March 2023 18,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 119,573
Disposals (102,607 )
At 31 March 2023 16,966
DEPRECIATION
At 1 April 2022 12,888
Charge for year 816
At 31 March 2023 13,704
NET BOOK VALUE
At 31 March 2023 3,262
At 31 March 2022 106,685

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 33,181
Other debtors 19,740 8,870
19,740 42,051

JONATHAN WOOD ASSOCIATES LIMITED (REGISTERED NUMBER: 07018578)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,780 14,046
Other creditors 10,799 44,866
31,579 58,912