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REGISTERED NUMBER: 02892885 (England and Wales)














JORDAN DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JORDAN DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr B S Jordan
Mrs F E Jordan



SECRETARY: Mr B S Jordan



REGISTERED OFFICE: 18 Grafton Mews
Bloomsbury
London
W1T 5JG



REGISTERED NUMBER: 02892885 (England and Wales)



ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ



BANKERS: Lloyds Bank
25 Gresham Street
London
EC2V 7HN

JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,248 142,138

CURRENT ASSETS
Debtors 5 1,367,544 1,098,823
Cash at bank and in hand 76,171 330,386
1,443,715 1,429,209
CREDITORS
Amounts falling due within one year 6 856,606 952,445
NET CURRENT ASSETS 587,109 476,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

808,357

618,902

CREDITORS
Amounts falling due after more than one
year

7

(115,430

)

(129,199

)

PROVISIONS FOR LIABILITIES (24,583 ) (24,583 )
NET ASSETS 668,344 465,120

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 668,244 465,020
SHAREHOLDERS' FUNDS 668,344 465,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

BALANCE SHEET - continued
31 AUGUST 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 23 October 2024 and were signed on its behalf by:





Mr B S Jordan - Director


JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

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


1. STATUTORY INFORMATION

Jordan Design 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 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.
Short leasehold improvements - Straight line over the life of the lease
Office equipment - 33% on cost
Office furniture - 25% on cost
Motor vehicles - 25% on cost

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

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


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Short
leasehold Office Office Motor
improvements equipment furniture vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 58,133 107,324 40,223 - 205,680
Additions 26,739 62,748 47,722 38,750 175,959
At 31 August 2024 84,872 170,072 87,945 38,750 381,639
DEPRECIATION
At 1 September 2023 17,440 35,775 10,325 - 63,540
Charge for year 8,487 56,690 21,986 9,688 96,851
At 31 August 2024 25,927 92,465 32,311 9,688 160,391
NET BOOK VALUE
At 31 August 2024 58,945 77,607 55,634 29,062 221,248
At 31 August 2023 40,693 71,549 29,898 - 142,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 712,852 397,260
Other debtors 654,692 701,563
1,367,544 1,098,823

JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,399 40,322
Hire purchase contracts (see note 8) 35,627 19,902
Trade creditors 132,392 189,137
Taxation and social security 57,428 20,201
Other creditors 573,760 682,883
856,606 952,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 86,116 97,018
Hire purchase contracts (see note 8) 29,314 32,181
115,430 129,199

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 35,627 19,902
Between one and five years 29,314 32,181
64,941 52,083

Non-cancellable operating leases
2024 2023
£    £   
Within one year 70,000 70,000
Between one and five years 280,000 280,000
In more than five years 70,000 140,000
420,000 490,000

9. SECURED DEBTS

Lloyds bank have a fixed and floating charge over the property or undertaking of the company.

JORDAN DESIGN LIMITED (REGISTERED NUMBER: 02892885)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Other debtors contains a loan made to another limited company which is 100% owned by a director of Jordan Design Limited. The balance outstanding at 31 August 2024 was £623,680 (2023 : £557,947). The loan is repayable on demand and no interest is chargeable.