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REGISTERED NUMBER: 01799986 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

John Joseph Financial Services Limited

John Joseph Financial Services Limited (Registered number: 01799986)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Joseph Financial Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J G Joseph
J A S Joseph





SECRETARY: Mrs S J Joseph





REGISTERED OFFICE: 14 Amherst Avenue
London
W13 8NQ





REGISTERED NUMBER: 01799986 (England and Wales)





ACCOUNTANTS: Shaw Accounting Services Limited
14 Amherst Avenue
London
W13 8NQ

John Joseph Financial Services Limited (Registered number: 01799986)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,665 18,603

CURRENT ASSETS
Stocks 90,645 72,148
Debtors 5 37,379 44,300
Cash at bank and in hand 173 16,225
128,197 132,673
CREDITORS
Amounts falling due within one year 6 42,985 48,794
NET CURRENT ASSETS 85,212 83,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,877

102,482

CREDITORS
Amounts falling due after more than one
year

7

(29,110

)

(26,707

)

PROVISIONS FOR LIABILITIES (2,690 ) (3,315 )
NET ASSETS 71,077 72,460

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 70,077 71,460
SHAREHOLDERS' FUNDS 71,077 72,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Joseph Financial Services Limited (Registered number: 01799986)

Balance Sheet - continued
30 September 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:





J A S Joseph - Director


John Joseph Financial Services Limited (Registered number: 01799986)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

John Joseph Financial Services 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 includes commission and fees earned in the year.


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 and 15% on reducing balance

Stocks
Work in progress is valued at the estimated income receivable based on the amount of work completed at the balance sheet date.

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
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 - 6 ) .

John Joseph Financial Services Limited (Registered number: 01799986)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 103,719
Additions 3,103
At 30 September 2023 106,822
DEPRECIATION
At 1 October 2022 85,116
Charge for year 4,041
At 30 September 2023 89,157
NET BOOK VALUE
At 30 September 2023 17,665
At 30 September 2022 18,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 31,479 38,400
Other debtors 5,900 5,900
37,379 44,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 26,094 9,960
Trade creditors (1 ) -
Taxation and social security 13,403 34,108
Other creditors 3,489 4,726
42,985 48,794

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 29,110 26,707

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,270 -

John Joseph Financial Services Limited (Registered number: 01799986)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CONTROL OF COMPANY

The company is controlled by John Joseph.