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REGISTERED NUMBER: 07200952 (England and Wales)




























Unaudited Financial Statements

for the Period 1 May 2023 to 31 January 2024

for

J.M. Glynn & Associates Ltd

J.M. Glynn & Associates Ltd (Registered number: 07200952)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J.M. Glynn & Associates Ltd

Company Information
for the Period 1 May 2023 to 31 January 2024







DIRECTOR: Mr James Mark Glynn



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 07200952 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: National Westminster Bank Plc

J.M. Glynn & Associates Ltd (Registered number: 07200952)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 470,941 337,661
Cash at bank 41,513 154,520
512,454 492,181
CREDITORS
Amounts falling due within one year 6 15,763 44,918
NET CURRENT ASSETS 496,691 447,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,691

447,263

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 496,591 447,163
SHAREHOLDERS' FUNDS 496,691 447,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





Mr James Mark Glynn - Director


J.M. Glynn & Associates Ltd (Registered number: 07200952)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 January 2024

1. STATUTORY INFORMATION

J.M. Glynn & Associates 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
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 represents the total fees charged to patients during 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.
Fixtures, fittings and equipment - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 3 ).

J.M. Glynn & Associates Ltd (Registered number: 07200952)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2023
and 31 January 2024 6,211 796 7,007
DEPRECIATION
At 1 May 2023
and 31 January 2024 6,211 796 7,007
NET BOOK VALUE
At 31 January 2024 - - -
At 30 April 2023 - - -

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,836 3,836
Directors' loan accounts 466,273 333,825
470,109 337,661

Amounts falling due after more than one year:
Tax 832 -

Aggregate amounts 470,941 337,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,608
Corporation tax 13,963 40,171
Social security and other taxes - 705
Wages control - 352
Accruals and deferred income 1,800 2,082
15,763 44,918

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

J.M. Glynn & Associates Ltd (Registered number: 07200952)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2024 and the year ended 30 April 2023:

2024 2023
£    £   
Mr James Mark Glynn
Balance outstanding at start of period 333,824 -
Amounts advanced 155,474 487,494
Amounts repaid (23,025 ) (153,670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 466,273 333,824