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REGISTERED NUMBER: 11860268 (England and Wales)















Louis Joes Ltd

Unaudited Financial Statements

for the year ended

31 March 2023






Louis Joes Ltd (Registered number: 11860268)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


Louis Joes Ltd

Company Information
for the year ended 31 March 2023







DIRECTOR: L S Gardiner





REGISTERED OFFICE: The Queens Head
7 Cross Street
Eye
Suffolk
IP23 7AB





REGISTERED NUMBER: 11860268 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Louis Joes Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Louis Joes Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Louis Joes Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Louis Joes Ltd and state those matters that we have agreed to state to the director of Louis Joes Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Louis Joes Ltd and its director for our work or for this report.

It is your duty to ensure that Louis Joes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Louis Joes Ltd. You consider that Louis Joes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Louis Joes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


11 March 2024

Louis Joes Ltd (Registered number: 11860268)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 190,324 197,951

CURRENT ASSETS
Stocks 4,000 3,810
Debtors 5 8,208 8,950
Cash at bank and in hand 10,292 8,525
22,500 21,285
CREDITORS
Amounts falling due within one year 6 (77,876 ) (68,063 )
NET CURRENT LIABILITIES (55,376 ) (46,778 )
TOTAL ASSETS LESS CURRENT LIABILITIES 134,948 151,173

CREDITORS
Amounts falling due after more than one year 7 (131,331 ) (151,416 )

PROVISIONS FOR LIABILITIES (2,619 ) (3,445 )
NET ASSETS/(LIABILITIES) 998 (3,688 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 898 (3,788 )
SHAREHOLDERS' FUNDS 998 (3,688 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





L S Gardiner - Director


Louis Joes Ltd (Registered number: 11860268)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Louis Joes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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 20 (2022 - 18 ) .

Louis Joes Ltd (Registered number: 11860268)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 179,638 9,397 1,292
Additions - - 762
At 31 March 2023 179,638 9,397 2,054
DEPRECIATION
At 1 April 2022 8,380 334 525
Charge for year 3,593 188 251
At 31 March 2023 11,973 522 776
NET BOOK VALUE
At 31 March 2023 167,665 8,875 1,278
At 31 March 2022 171,258 9,063 767

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,560 22,000 1,521 216,408
Additions - - - 762
At 31 March 2023 2,560 22,000 1,521 217,170
DEPRECIATION
At 1 April 2022 808 7,731 679 18,457
Charge for year 512 3,567 278 8,389
At 31 March 2023 1,320 11,298 957 26,846
NET BOOK VALUE
At 31 March 2023 1,240 10,702 564 190,324
At 31 March 2022 1,752 14,269 842 197,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,208 8,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,435 22,435
Hire purchase contracts 4,400 4,399
Trade creditors 15,377 14,895
Taxation and social security 23,314 13,717
Other creditors 12,350 12,617
77,876 68,063

Louis Joes Ltd (Registered number: 11860268)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 91,398 107,082
Hire purchase contracts 6,600 11,001
Other creditors 33,333 33,333
131,331 151,416

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,525 26,510

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 77,498 88,683
Other loans 43,333 43,333
120,831 132,016

The bank loan is secured by first charge over the Freehold property shown in fixed assets, and also a fixed and floating charge over the company assets.

The other loan has been personally guaranteed by the director.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
L S Gardiner
Balance outstanding at start of year 8,317 14,736
Amounts advanced 3,553 28,261
Amounts repaid (5,800 ) (34,680 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,070 8,317

The loan to the director is repayable within 9 months of the year end. The company has charged interest on the loan.