Registered number
05476335
Jane Wood & Associates Ltd
Filleted Accounts
31 March 2024
Jane Wood & Associates Ltd
Registered number: 05476335
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 615,219 616,149
Current assets
Debtors 4 95 95
Cash at bank and in hand 347,703 457,609
347,798 457,704
Creditors: amounts falling due within one year 5 (51,671) (151,695)
Net current assets 296,127 306,009
Net assets 911,346 922,158
Capital and reserves
Called up share capital 99 99
Profit and loss account 911,247 922,059
Shareholders' funds 911,346 922,158
The director is 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 director acknowledges her 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 and delivered 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.
Ms J T Wood
Director
Approved by the board on 12 August 2024
Jane Wood & Associates Ltd
Notes to the Accounts
for the year ended 31 March 2024
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% and 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term 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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 613,900 8,360 622,260
Additions 323 1,021 1,344
At 31 March 2024 614,223 9,381 623,604
Depreciation
At 1 April 2023 - 6,111 6,111
Charge for the year - 2,274 2,274
At 31 March 2024 - 8,385 8,385
Net book value
At 31 March 2024 614,223 996 615,219
At 31 March 2023 613,900 2,249 616,149
4 Debtors 2024 2023
£ £
Trade debtors 95 95
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,184 4,670
Corporation tax 35,327 126,806
Other taxes and social security costs 13,160 20,219
51,671 151,695
6 Controlling party
The controlling party is Ms J T Wood (director) by virtue of her ownership of 50.50% of the issued share capital.
7 Other information
Jane Wood & Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70 Sterndale Road
London
W14 0HU
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