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REGISTERED NUMBER: 05616796 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 November 2023

for

J. Q. Limited

J. Q. Limited (Registered number: 05616796)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. Q. Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Ms J G Quinn





SECRETARY: Mrs G P Quinn





REGISTERED OFFICE: 3 Braynesmead Cottages
Whitemans Green
Cuckfield
West Sussex
RH17 5BX





REGISTERED NUMBER: 05616796 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

J. Q. Limited (Registered number: 05616796)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,034 2,788

CURRENT ASSETS
Debtors 5 7,111 26,323
Cash at bank 16,149 25,417
23,260 51,740
CREDITORS
Amounts falling due within one year 6 26,195 24,923
NET CURRENT (LIABILITIES)/ASSETS (2,935 ) 26,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099

29,605

PROVISIONS FOR LIABILITIES 766 530
NET ASSETS 333 29,075

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 332 29,074
SHAREHOLDERS' FUNDS 333 29,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

J. Q. Limited (Registered number: 05616796)

Balance Sheet - continued
30 November 2023


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 29 February 2024 and were signed by:





Ms J G Quinn - Director


J. Q. Limited (Registered number: 05616796)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

J. Q. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Going concern
The Covid-19 pandemic has created business uncertainty, but the directors are confident that the companys
finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J. Q. Limited (Registered number: 05616796)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 4,941
Additions 2,591
At 30 November 2023 7,532
DEPRECIATION
At 1 December 2022 2,153
Charge for year 1,345
At 30 November 2023 3,498
NET BOOK VALUE
At 30 November 2023 4,034
At 30 November 2022 2,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 6,270 23,460
Other debtors 841 2,863
7,111 26,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 4,208 -
Taxation and social security 9,381 16,463
Other creditors 12,606 8,460
26,195 24,923

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,500 (2022 - £30,000) were paid to the director.

The company was controlled throughout the current and previous year by it's director Miss J Quinn.