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REGISTERED NUMBER: 05524675 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

JT Ethos Limited

JT Ethos Limited (Registered number: 05524675)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JT Ethos Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J Thorp





SECRETARY:





REGISTERED OFFICE: 6 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX





REGISTERED NUMBER: 05524675 (England and Wales)





ACCOUNTANTS: Clover Chartered Certified Accountants
6 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

JT Ethos Limited (Registered number: 05524675)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,374 2,461
1,374 2,461

CURRENT ASSETS
Debtors 6 4,167 16,472
Cash at bank and in hand 11,403 4,886
15,570 21,358
CREDITORS
Amounts falling due within one year 7 (16,653 ) (23,682 )
NET CURRENT LIABILITIES (1,083 ) (2,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291

137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 191 37
SHAREHOLDERS' FUNDS 291 137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 21 March 2024 and were signed by:




J Thorp - Director


JT Ethos Limited (Registered number: 05524675)

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

1. STATUTORY INFORMATION

JT Ethos 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 0, is being amortised evenly over its estimated useful life of nil 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 - 25% on reducing balance and 10% on cost

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.

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 1 (2022 - 1 ) .

JT Ethos Limited (Registered number: 05524675)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 18,189
AMORTISATION
At 1 August 2022
and 31 July 2023 18,189
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 12,516
DEPRECIATION
At 1 August 2022 10,055
Charge for year 1,087
At 31 July 2023 11,142
NET BOOK VALUE
At 31 July 2023 1,374
At 31 July 2022 2,461

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 4,167 16,472

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 7,936 13,188
Taxation and social security 8,459 10,494
Other creditors 258 -
16,653 23,682

JT Ethos Limited (Registered number: 05524675)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
J Thorp
Balance outstanding at start of year 12,305 12,360
Amounts repaid (12,305 ) (55 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 12,305

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Thorp.

The ultimate controlling party is J Thorp.