Jeremy Floyd Associates Ltd
Registered number: 05153423
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 714 1,590
Current assets
Debtors 4 - 100
Cash at bank and in hand 39,154 34,772
39,154 34,872
Creditors: amounts falling due within one year 5 (16,419) (32,237)
Net current assets 22,735 2,635
Total assets less current liabilities 23,449 4,225
Provisions for liabilities (340) (340)
Net assets 23,109 3,885
Capital and reserves
Called up share capital 100 100
Profit and loss account 23,009 3,785
Shareholders' funds 23,109 3,885
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Floyd
Director
Approved by the board on 30 December 2023
Jeremy Floyd Associates Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax, of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates
Office equipment over 2 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 July 2022 6,936
Additions 1,583
At 30 June 2023 8,519
Depreciation
At 1 July 2022 5,346
Charge for the year 2,459
At 30 June 2023 7,805
Net book value
At 30 June 2023 714
At 30 June 2022 1,590
4 Debtors 2023 2022
£ £
Trade debtors - 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 4,446 6,573
Other taxes and social security costs - 2,583
Directors' loan accounts 5,673 18,581
Other creditors 6,300 4,500
16,419 32,237
6 Other information
Jeremy Floyd Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
19 Limerick Road
bristol
BS6 7DY
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