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Registered number: 09308288









JOSEPH AND KURIAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
JOSEPH AND KURIAN LIMITED
REGISTERED NUMBER: 09308288

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,307
28,354

Current assets
  

Debtors: amounts falling due within one year
 5 
6,542
4,859

Cash at bank and in hand
  
225,783
192,467

  
232,325
197,326

Creditors: amounts falling due within one year
 6 
(24,647)
(22,755)

Net current assets
  
 
 
207,678
 
 
174,571

Total assets less current liabilities
  
228,985
202,925

Provisions for liabilities
  

Deferred tax
  
(4,049)
(5,389)

Net assets
  
224,936
197,536


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
224,836
197,436

  
224,936
197,536


Page 1

 
JOSEPH AND KURIAN LIMITED
REGISTERED NUMBER: 09308288
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2024.




Dr J Kurian
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JOSEPH AND KURIAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Joseph and Kurian Limited is a private company limited by shares and incorporated in England, registration number 09308288. Its registered office is 1 Corncrake Drive, Mapperley Grange, Nottingham, NG5 6SP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of signing there is a degree of uncertainty about the full economic impact of COVID-19, the wider geopolitical environment and the cost of living crisis. The directors continue to monitor the position closely, however believe that the company will continue at its current level of activity subject to their continued support.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
JOSEPH AND KURIAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
15% reducing balance basis
Computer equipment
-
33 1/3% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
JOSEPH AND KURIAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
7,200
7,200

Social security costs
151
72

7,351
7,272


The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
49,023
2,683
4,486
56,192



At 30 November 2023

49,023
2,683
4,486
56,192



Depreciation


At 1 December 2022
21,448
1,947
4,443
27,838


Charge for the year on owned assets
6,894
110
43
7,047



At 30 November 2023

28,342
2,057
4,486
34,885



Net book value



At 30 November 2023
20,681
626
-
21,307



At 30 November 2022
27,575
736
43
28,354

Page 5

 
JOSEPH AND KURIAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,345
4,681

Prepayments and accrued income
197
178

6,542
4,859



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,289
6,947

Other creditors
14,976
14,401

Accruals and deferred income
1,382
1,407

24,647
22,755


 
Page 6