IRIS Accounts Production v24.2.0.383 07225807 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072258072022-12-31072258072023-12-31072258072023-01-012023-12-31072258072021-12-31072258072022-01-012022-12-31072258072022-12-3107225807ns15:EnglandWales2023-01-012023-12-3107225807ns14:PoundSterling2023-01-012023-12-3107225807ns10:Director12023-01-012023-12-3107225807ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107225807ns10:SmallEntities2023-01-012023-12-3107225807ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107225807ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107225807ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107225807ns10:FullAccounts2023-01-012023-12-310722580712023-01-012023-12-3107225807ns10:Director22023-01-012023-12-3107225807ns10:CompanySecretary12023-01-012023-12-3107225807ns10:RegisteredOffice2023-01-012023-12-3107225807ns5:CurrentFinancialInstruments2023-12-3107225807ns5:CurrentFinancialInstruments2022-12-3107225807ns5:ShareCapital2023-12-3107225807ns5:ShareCapital2022-12-3107225807ns5:RetainedEarningsAccumulatedLosses2023-12-3107225807ns5:RetainedEarningsAccumulatedLosses2022-12-3107225807ns5:NetGoodwill2023-01-012023-12-3107225807ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107225807ns5:LeaseholdImprovements2023-01-012023-12-3107225807ns5:FurnitureFittings2023-01-012023-12-3107225807ns5:MotorVehicles2023-01-012023-12-3107225807ns5:ComputerEquipment2023-01-012023-12-3107225807ns5:NetGoodwill2022-12-3107225807ns5:NetGoodwill2023-12-3107225807ns5:NetGoodwill2022-12-3107225807ns5:LeaseholdImprovements2022-12-3107225807ns5:FurnitureFittings2022-12-3107225807ns5:MotorVehicles2022-12-3107225807ns5:ComputerEquipment2022-12-3107225807ns5:LeaseholdImprovements2023-12-3107225807ns5:FurnitureFittings2023-12-3107225807ns5:MotorVehicles2023-12-3107225807ns5:ComputerEquipment2023-12-3107225807ns5:LeaseholdImprovements2022-12-3107225807ns5:FurnitureFittings2022-12-3107225807ns5:MotorVehicles2022-12-3107225807ns5:ComputerEquipment2022-12-3107225807ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107225807ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07225807 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JORGENSEN TURNER TRADING LIMITED

JORGENSEN TURNER TRADING LIMITED (REGISTERED NUMBER: 07225807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JORGENSEN TURNER TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: P Jorgensen
R Turner





SECRETARY: P Jorgensen





REGISTERED OFFICE: 234 Uxbridge Road
Shepherds Bush
London
W12 7JD





REGISTERED NUMBER: 07225807 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

JORGENSEN TURNER TRADING LIMITED (REGISTERED NUMBER: 07225807)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,999 41,999
Tangible assets 5 5,022 7,065
33,021 49,064

CURRENT ASSETS
Debtors 6 47,279 46,719
Cash at bank and in hand 405,558 476,802
452,837 523,521
CREDITORS
Amounts falling due within one year 7 121,978 165,584
NET CURRENT ASSETS 330,859 357,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,880

407,001

PROVISIONS FOR LIABILITIES 1,135 1,342
NET ASSETS 362,745 405,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 362,645 405,559
SHAREHOLDERS' FUNDS 362,745 405,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

JORGENSEN TURNER TRADING LIMITED (REGISTERED NUMBER: 07225807)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





R Turner - Director


JORGENSEN TURNER TRADING LIMITED (REGISTERED NUMBER: 07225807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023


1. STATUTORY INFORMATION

Jorgensen Turner Trading 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 represents commissions on the sale of properties completed in the accounting period and letting agents fees and other income on properties managed on behalf of landlords, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2022 - 17 ) .

JORGENSEN TURNER TRADING LIMITED (REGISTERED NUMBER: 07225807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 210,000
AMORTISATION
At 1 January 2023 168,001
Charge for year 14,000
At 31 December 2023 182,001
NET BOOK VALUE
At 31 December 2023 27,999
At 31 December 2022 41,999

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 2,512 29,071 8,500 19,388 59,471
Additions - - - 1,394 1,394
At 31 December 2023 2,512 29,071 8,500 20,782 60,865
DEPRECIATION
At 1 January 2023 2,237 26,451 5,810 17,908 52,406
Charge for year 167 655 672 1,943 3,437
At 31 December 2023 2,404 27,106 6,482 19,851 55,843
NET BOOK VALUE
At 31 December 2023 108 1,965 2,018 931 5,022
At 31 December 2022 275 2,620 2,690 1,480 7,065

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,140 5,625
Other debtors 40,139 41,094
47,279 46,719

JORGENSEN TURNER TRADING LIMITED (REGISTERED NUMBER: 07225807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,495 32,582
Taxation and social security 91,862 114,687
Other creditors 16,621 18,315
121,978 165,584