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REGISTERED NUMBER: 06409790 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JENNIFER NEWMAN STUDIO LIMITED

JENNIFER NEWMAN STUDIO LIMITED (REGISTERED NUMBER: 06409790)






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


JENNIFER NEWMAN STUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms J Newman
B Rimmer
J J Newman





REGISTERED OFFICE: Unit B05
Clerkenwell Workshops
27/31 Clerkenwell Close
Farringdon
London
EC1R 0AT





REGISTERED NUMBER: 06409790 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

JENNIFER NEWMAN STUDIO LIMITED (REGISTERED NUMBER: 06409790)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,415 6,924

CURRENT ASSETS
Stocks 5 2,500 2,500
Debtors 6 90,429 179,088
Cash at bank and in hand 260,871 226,065
353,800 407,653
CREDITORS
Amounts falling due within one year 7 (165,350 ) (215,483 )
NET CURRENT ASSETS 188,450 192,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,865

199,094

PROVISIONS FOR LIABILITIES 8 (2,104 ) (1,315 )
NET ASSETS 194,761 197,779

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 194,751 197,769
SHAREHOLDERS' FUNDS 194,761 197,779

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.

JENNIFER NEWMAN STUDIO LIMITED (REGISTERED NUMBER: 06409790)

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 1 October 2024 and were signed on its behalf by:





Ms J Newman - Director


JENNIFER NEWMAN STUDIO LIMITED (REGISTERED NUMBER: 06409790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jennifer Newman Studio 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.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

JENNIFER NEWMAN STUDIO LIMITED (REGISTERED NUMBER: 06409790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
& Equipment
£   
COST
At 1 April 2023 45,431
Additions 3,693
At 31 March 2024 49,124
DEPRECIATION
At 1 April 2023 38,507
Charge for year 2,202
At 31 March 2024 40,709
NET BOOK VALUE
At 31 March 2024 8,415
At 31 March 2023 6,924

5. STOCKS
2024 2023
£    £   
Goods for resale 2,500 2,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,554 157,205
Other debtors 7,875 7,875
Director's current accounts - 14,008
90,429 179,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 20,376
Corporation tax 25,689 35,220
Social security and other taxes 21,435 29,385
Other creditors - 74
Director's current accounts 15,993 -
Accruals and deferred income 102,233 130,428
165,350 215,483

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,104 1,315

JENNIFER NEWMAN STUDIO LIMITED (REGISTERED NUMBER: 06409790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,315
Provided during year 789
Balance at 31 March 2024 2,104