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REGISTERED NUMBER: 09422341 (England and Wales)














JOYNES NASH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






JOYNES NASH LIMITED (REGISTERED NUMBER: 09422341)






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


JOYNES NASH LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S Joynes
P M Nash





SECRETARY: S Joynes





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 09422341 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

JOYNES NASH LIMITED (REGISTERED NUMBER: 09422341)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,270 18,601

CURRENT ASSETS
Debtors 6 8,110 23,756
Cash at bank and in hand 7,266 13,655
15,376 37,411
CREDITORS
Amounts falling due within one year 7 14,934 21,267
NET CURRENT ASSETS 442 16,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,712

34,745

CREDITORS
Amounts falling due after more than one
year

8

(7,000

)

(13,000

)

PROVISIONS FOR LIABILITIES (3,091 ) (3,534 )
NET ASSETS 6,621 18,211

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 6,521 18,111
SHAREHOLDERS' FUNDS 6,621 18,211

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.

JOYNES NASH LIMITED (REGISTERED NUMBER: 09422341)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





S Joynes - Director


JOYNES NASH LIMITED (REGISTERED NUMBER: 09422341)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Joynes Nash 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when services have been provided to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

JOYNES NASH LIMITED (REGISTERED NUMBER: 09422341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Office
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 35,605 5,944 41,549
Additions - 3,097 3,097
At 31 March 2024 35,605 9,041 44,646
DEPRECIATION
At 1 April 2023 19,252 3,696 22,948
Charge for year 4,091 1,337 5,428
At 31 March 2024 23,343 5,033 28,376
NET BOOK VALUE
At 31 March 2024 12,262 4,008 16,270
At 31 March 2023 16,353 2,248 18,601

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,884 22,585
Other debtors 6,226 1,171
8,110 23,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 850 -
Taxation and social security 4,934 10,732
Other creditors 3,150 4,535
14,934 21,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,000 13,000

9. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company.

During the year, the company repaid brought forward loans in aggregate of £495 to one of the directors. As at the year end date, the company owed £183 to the director.

During the year, the company repaid brought forward loans in aggregate of £985 to the other director. As at the year end date, the company owed £1,007 to the director.