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COMPANY REGISTRATION NUMBER: 06933525
Jonathan Bell Ltd
Filleted Unaudited Financial Statements
30 June 2023
Jonathan Bell Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
65,455
46,009
Investments
6
50
50
--------
--------
65,505
46,059
Current assets
Debtors
7
357,228
244,890
Cash at bank and in hand
155,285
63,237
---------
---------
512,513
308,127
Creditors: amounts falling due within one year
8
97,019
90,378
---------
---------
Net current assets
415,494
217,749
---------
---------
Total assets less current liabilities
480,999
263,808
---------
---------
Net assets
480,999
263,808
---------
---------
Capital and reserves
Called up share capital
150
150
Profit and loss account
480,849
263,658
---------
---------
Shareholders funds
480,999
263,808
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jonathan Bell Ltd
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
Mr J S P Bell
Director
Company registration number: 06933525
Jonathan Bell Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, WIW 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2022
9,729
64,497
74,226
Additions
38,090
38,090
-------
---------
---------
At 30 June 2023
9,729
102,587
112,316
-------
---------
---------
Depreciation
At 1 July 2022
28,217
28,217
Charge for the year
2,432
16,212
18,644
-------
---------
---------
At 30 June 2023
2,432
44,429
46,861
-------
---------
---------
Carrying amount
At 30 June 2023
7,297
58,158
65,455
-------
---------
---------
At 30 June 2022
9,729
36,280
46,009
-------
---------
---------
6. Investments
Shares in participating interests
£
Cost
At 1 July 2022 and 30 June 2023
50
----
Impairment
At 1 July 2022 and 30 June 2023
----
Carrying amount
At 30 June 2023
50
----
At 30 June 2022
50
----
7. Debtors
2023
2022
£
£
Trade debtors
32,346
53,406
Amounts owed by group undertakings and undertakings in which the company has a participating interest
109,140
105,597
Other debtors
215,742
85,887
---------
---------
357,228
244,890
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
70,725
85,421
Social security and other taxes
1,349
Other creditors
24,945
4,957
--------
--------
97,019
90,378
--------
--------
9. Director's advances, credits and guarantees
During the year, the company advanced the director £289,188 of which £169,467 was repaid to the company. At the year end, the director owed the company £119,721 (2022: company owed director £1,057). Interest on the overdrawn loan was charged at the official rate and the loan was repayable on demand.
10. Related party transactions
During the year, medical fees of £389,982 (2022: £421,782) were charged to Sage Medical (UK) Limited of which £96,021 (2022: £85,887) was accrued. At the balance sheet date, the amount due from Sage Medical (UK) Limited was £51,766 (2022: £51,766). Sage Medical (UK) Limited is a company in which the directors have a material interest. At the year end, included within other debtors was £68,236 (2022: £64,503) due from Sage Medical (UK) Limited. The interest on the agreed loan is charged at a rate of 7.5% and repayable on demand.