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REGISTERED NUMBER: 01922719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JNOAD LIMITED

JNOAD LIMITED (REGISTERED NUMBER: 01922719)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JNOAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M A Evans
M F Cox FCA





REGISTERED OFFICE: c/o Cox Costello & Horne
Batchworth Lock House
99 Church Street
Rickmansworth
WD3 1JJ





REGISTERED NUMBER: 01922719 (England and Wales)






JNOAD LIMITED (REGISTERED NUMBER: 01922719)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,631 35,433

CURRENT ASSETS
Stocks 3,715 50,213
Debtors 5 1,685,138 1,894,212
Cash at bank and in hand 1,511,725 1,120,575
3,200,578 3,065,000
CREDITORS
Amounts falling due within one year 6 745,769 679,801
NET CURRENT ASSETS 2,454,809 2,385,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,523,440

2,420,632

PROVISIONS FOR LIABILITIES 228,464 96,125
NET ASSETS 2,294,976 2,324,507

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,274,976 2,304,507
SHAREHOLDERS' FUNDS 2,294,976 2,324,507

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





M A Evans - Director


JNOAD LIMITED (REGISTERED NUMBER: 01922719)

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


1. STATUTORY INFORMATION

Jnoad 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the Company in respect of goods and services supplied, and revenue recognised on contracts based on the stage of completion of each contract exclusive of Value Added Tax and trade discounts in the period. Deferred income arises in contracts where invoices are issued to clients in excess of the turnover computed based on the stage of completion method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 20% on cost

Stocks
Long-term contracts are assessed on a contract by contract basis recording the related costs as the contract activity progresses. Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of the total derived from variations on contracts are recognised only when they have been accepted by the customer. Provision is made against any long-term contracts where it is anticipated that the final outcome will result in a loss. Payments received on account of contracts is deducted from work in progress except where the cash exceeds work in progress, in which case the balance is included in creditors.

Financial instruments
a) Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

c) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

d) Interest income
Interest income is recognised in profit or loss using the effective interest method.


JNOAD LIMITED (REGISTERED NUMBER: 01922719)

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


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
-the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
-any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals under operating leases are charged on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 190,759
Additions 49,182
At 31 December 2023 239,941
DEPRECIATION
At 1 January 2023 155,326
Charge for year 15,984
At 31 December 2023 171,310
NET BOOK VALUE
At 31 December 2023 68,631
At 31 December 2022 35,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 435,919 224,491
Amount owed by group undertaking 1,068,404 1,448,091
Prepayments and accrued income 180,815 221,630
1,685,138 1,894,212

JNOAD LIMITED (REGISTERED NUMBER: 01922719)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 339,210 306,106
Amount owed to group undertaking - 471
Tax 77,467 46,825
Social security and other taxes 24,270 37,751
VAT 89,727 41,453
Other creditors 4,650 2,532
Company credit card 582 582
Accruals and deferred income 209,863 244,081
745,769 679,801