Company registration number 05407178 (England and Wales)
JOSEPHINE DURLING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
JOSEPHINE DURLING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
JOSEPHINE DURLING LIMITED (REGISTERED NUMBER: 05407178)
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
31 January 2024
31 July 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,975
8,629
Current assets
Debtors
4
23,229
252
Cash at bank and in hand
148,221
129,070
171,450
129,322
Creditors: amounts falling due within one year
5
(40,215)
(48,605)
Net current assets
131,235
80,717
Total assets less current liabilities
135,210
89,346
Provisions for liabilities
(994)
(849)
Net assets
134,216
88,497
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
134,116
88,397
Total equity
134,216
88,497

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 29 May 2024 and are signed on its behalf by:
Mrs J Durling
Director
JOSEPHINE DURLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Josephine Durling Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, WC2R 0LT.

1.1
Reporting period

The director has decided to prepare accounts a period of 18 months, however will continue to produce accounts on a 12 months basis going forward. The comparative amounts presented in the financial statements and related notes are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover 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.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

JOSEPHINE DURLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
Straight line over 10 years
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was

2024
2022
Number
Number
Total
1
2
JOSEPHINE DURLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
- 4 -
3
Tangible fixed assets
Improvements to property
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 August 2022
47,716
12,400
15,769
75,885
Additions
-
0
-
0
779
779
At 31 January 2024
47,716
12,400
16,548
76,664
Depreciation and impairment
At 1 August 2022
39,673
11,816
15,769
67,258
Depreciation charged in the period
5,019
219
193
5,431
At 31 January 2024
44,692
12,035
15,962
72,689
Carrying amount
At 31 January 2024
3,024
365
586
3,975
At 31 July 2022
8,044
584
1
8,629
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
23,229
252
5
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
582
9,177
Taxation and social security
36,395
25,303
Other creditors
3,238
14,125
40,215
48,605
6
Director's transactions

Included within creditors is a directors loan account totalling £28,827. This balance was repaid within 9 months of the period end date.

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