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
J E Thorpe and Associates Limited
Company Information
for the year ended 31 March 2024
Company Number
06155926 (England and Wales)
J E Thorpe and Associates Limited
Statement of financial position
as at 31 March 2024
Tangible assets
68,090
73,028
Cash at bank and in hand
196,504
180,317
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
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
J E Thorpe and Associates Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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.
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
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
At 31 March 2024
50,294
17,796
68,090
At 31 March 2023
55,919
17,109
73,028
Amounts falling due within one year
Trade debtors
32,807
29,573
Amounts due from group undertakings etc.
315,570
256,520
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
8
Average number of employees
During the year the average number of employees was 13 (2023: 11).