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REGISTERED NUMBER: 04421970 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOURNEY4 LIMITED

JOURNEY4 LIMITED (REGISTERED NUMBER: 04421970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOURNEY4 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J A Booth
Mr S D Pearce





REGISTERED OFFICE: Blake House
18 Blake Street
York
North Yorkshire
YO1 8QG





REGISTERED NUMBER: 04421970 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

JOURNEY4 LIMITED (REGISTERED NUMBER: 04421970)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,135 692

CURRENT ASSETS
Debtors 5 363,268 62,251
Cash at bank 350,498 233,179
713,766 295,430
CREDITORS
Amounts falling due within one year 6 435,428 135,249
NET CURRENT ASSETS 278,338 160,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,473

160,873

CREDITORS
Amounts falling due after more than one
year

7

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (784 ) (126 )
NET ASSETS 266,522 136,580

CAPITAL AND RESERVES
Called up share capital 2 2
Share option reserve 2 -
Retained earnings 266,518 136,578
SHAREHOLDERS' FUNDS 266,522 136,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





Mr J A Booth - Director


JOURNEY4 LIMITED (REGISTERED NUMBER: 04421970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Journey4 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.

The accounts have been prepared on a going concern basis which is dependent on the continued financial support of the directors and shareholders of the company.

Significant judgements and estimates
Management is required to use an appropriate pricing model to value the issue of equity to employees or those providing similar services. Any charge to the profit and loss account is a function of the chosen pricing model, which is based on a range of assumptions.

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.
Office equipment - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

JOURNEY4 LIMITED (REGISTERED NUMBER: 04421970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 232 6,339 6,571
Additions - 3,984 3,984
At 31 March 2024 232 10,323 10,555
DEPRECIATION
At 1 April 2023 215 5,664 5,879
Charge for year 4 1,537 1,541
At 31 March 2024 219 7,201 7,420
NET BOOK VALUE
At 31 March 2024 13 3,122 3,135
At 31 March 2023 17 675 692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 362,531 60,904
Other debtors 737 1,347
363,268 62,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 114,665 10,395
Taxation and social security 247,648 89,562
Other creditors 63,115 25,292
435,428 135,249

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 14,167 24,167

8. SHARE-BASED PAYMENT TRANSACTIONS

On 27 March 2024 the company granted share options to two employees. The options granted to each employee are for 400 shares each with a fair value of £2.30 per share as at the grant date. The options are only exercisable on the sale of the company on the condition that the relevant employee has not exited the business at that point. The vesting period is 10 years after which the options will lapse in the event there is no sale of the business.