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REGISTERED NUMBER: 08337549 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JERICHO ROAD SOLUTIONS LTD

JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JERICHO ROAD SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms J M Steele





REGISTERED OFFICE: 64 St Helen's Park Road
Hastings
East Sussex
TN34 2JJ





REGISTERED NUMBER: 08337549 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 137,395 137,989
Investments 5 140,300 140,300
277,695 278,289

CURRENT ASSETS
Debtors 6 49,345 49,828
Cash at bank 75,228 84,449
124,573 134,277
CREDITORS
Amounts falling due within one year 7 13,717 26,994
NET CURRENT ASSETS 110,856 107,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,551

385,572

CREDITORS
Amounts falling due after more than one
year

8

(94,964

)

(82,855

)

PROVISIONS FOR LIABILITIES 9 (488 ) (507 )
NET ASSETS 293,099 302,210

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 292,999 302,110
SHAREHOLDERS' FUNDS 293,099 302,210

JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





Ms J M Steele - Director


JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

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


1. STATUTORY INFORMATION

Jericho Road Solutions Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 - 6 ) .

JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023 135,321 2,225 17,659 155,205
Additions - - 1,459 1,459
At 31 March 2024 135,321 2,225 19,118 156,664
Depreciation
At 1 April 2023 - 1,762 15,454 17,216
Charge for year - 92 1,961 2,053
At 31 March 2024 - 1,854 17,415 19,269
Net book value
At 31 March 2024 135,321 371 1,703 137,395
At 31 March 2023 135,321 463 2,205 137,989

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Participating interests 140,100 140,100
Other investments not loans 200 200
140,300 140,300

Additional information is as follows:
Interest
in joint
venture
£   
Cost
At 1 April 2023
and 31 March 2024 140,100
Net book value
At 31 March 2024 140,100
At 31 March 2023 140,100

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Nudge Community Builders 100 100
Investment in Sister Midnight 100 100
200 200

JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

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


6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 900 600
Other debtors 8,445 12,228
9,345 12,828

Amounts falling due after more than one year:
Other debtors 40,000 37,000

Aggregate amounts 49,345 49,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,947 7,920
Taxation and social security 2,945 13,208
Other creditors 2,825 5,866
13,717 26,994

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 9,964 17,855
Other creditors 85,000 65,000
94,964 82,855

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 488 507

Deferred
tax
£   
Balance at 1 April 2023 507
Utilised during year (19 )
movement during the year
Balance at 31 March 2024 488

JERICHO ROAD SOLUTIONS LTD (REGISTERED NUMBER: 08337549)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100