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Company Registration No. 06155926 (England and Wales)
J E Thorpe and Associates Limited Unaudited accounts for the year ended 31 March 2024
J E Thorpe and Associates Limited Unaudited accounts Contents
Page
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J E Thorpe and Associates Limited Company Information for the year ended 31 March 2024
Director
Mr P Brown
Company Number
06155926 (England and Wales)
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J E Thorpe and Associates Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,090 
73,028 
Current assets
Inventories
19,995 
11,892 
Debtors
348,377 
286,093 
Cash at bank and in hand
196,504 
180,317 
564,876 
478,302 
Creditors: amounts falling due within one year
(203,650)
(167,894)
Net current assets
361,226 
310,408 
Total assets less current liabilities
429,316 
383,436 
Provisions for liabilities
Deferred tax
(19,751)
(18,813)
Net assets
409,565 
364,623 
Capital and reserves
Called up share capital
40 
40 
Profit and loss account
409,525 
364,583 
Shareholders' funds
409,565 
364,623 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 August 2024 and were signed on its behalf by
Mr P Brown Director Company Registration No. 06155926
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J E Thorpe and Associates Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
J E Thorpe and Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 06155926.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%- Reducing Balance basis
Computer equipment
25%- Reducing Balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
155,000 
At 31 March 2024
155,000 
Amortisation
At 1 April 2023
155,000 
At 31 March 2024
155,000 
Net book value
At 31 March 2024
- 
Goodwill arising on the acquisition of an entity represents the excess of the cost of the acquisition over the company's interest in the fair value of the identifiable assets,liabilities and contingent liabilities of the entity recognized at the date of acquisition. Goodwill is initially recognized as an asset at cost and is subsequently measured at cost less accumulated amortization and accumulated impairment losses.Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period end. Goodwill is amortized over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.
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J E Thorpe and Associates Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
167,080 
35,919 
202,999 
Additions
2,375 
2,187 
4,562 
At 31 March 2024
169,455 
38,106 
207,561 
Depreciation
At 1 April 2023
111,161 
18,810 
129,971 
Charge for the year
8,000 
1,500 
9,500 
At 31 March 2024
119,161 
20,310 
139,471 
Net book value
At 31 March 2024
50,294 
17,796 
68,090 
At 31 March 2023
55,919 
17,109 
73,028 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,807 
29,573 
Amounts due from group undertakings etc.
315,570 
256,520 
348,377 
286,093 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,500 
32,500 
Trade creditors
156,711 
119,154 
Taxes and social security
20,939 
13,740 
Other creditors
3,500 
2,500 
203,650 
167,894 
8
Average number of employees
During the year the average number of employees was 13 (2023: 11).
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