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REGISTERED NUMBER: 07170854 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

J CORLESS LIMITED

J CORLESS LIMITED (REGISTERED NUMBER: 07170854)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J CORLESS LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs J Corless
Dr J A Corless





SECRETARY: Mrs J Corless





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 07170854 (England and Wales)





ACCOUNTANTS: Mitchells Grievson
Chartered Accountants
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

J CORLESS LIMITED (REGISTERED NUMBER: 07170854)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 351
Tangible assets 5 6,563 7,741
Investments 6 14,259 -
20,822 8,092

CURRENT ASSETS
Debtors 7 68,207 73,430
Cash at bank 177,487 154,662
245,694 228,092
CREDITORS
Amounts falling due within one year 8 40,920 52,291
NET CURRENT ASSETS 204,774 175,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,596

183,893

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,496 183,793
225,596 183,893

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.

J CORLESS LIMITED (REGISTERED NUMBER: 07170854)

Balance Sheet - continued
31 March 2024


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 4 September 2024 and were signed on its behalf by:




Dr J A Corless - Director



Mrs J Corless - Director


J CORLESS LIMITED (REGISTERED NUMBER: 07170854)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

J Corless 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

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.

J CORLESS LIMITED (REGISTERED NUMBER: 07170854)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 351
Disposals (351 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 351

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,583 22,838 27,421
Additions - 866 866
At 31 March 2024 4,583 23,704 28,287
DEPRECIATION
At 1 April 2023 3,878 15,802 19,680
Charge for year 176 1,868 2,044
At 31 March 2024 4,054 17,670 21,724
NET BOOK VALUE
At 31 March 2024 529 6,034 6,563
At 31 March 2023 705 7,036 7,741

J CORLESS LIMITED (REGISTERED NUMBER: 07170854)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 13,500
Revaluations 759
At 31 March 2024 14,259
NET BOOK VALUE
At 31 March 2024 14,259

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 0 759
Cost 13,500
14,259

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,207 73,430

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 30,849 46,132
Other creditors 10,071 6,159
40,920 52,291