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REGISTERED NUMBER: 04682562 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Jonathan Ford & Co Limited

Jonathan Ford & Co Limited (Registered number: 04682562)






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


Jonathan Ford & Co Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A Brown
J J Mansley





REGISTERED OFFICE: Office 1 Floor 1 Maxwell House
Liverpool Innovation Park, Edge Lane
Liverpool
L7 9NJ





REGISTERED NUMBER: 04682562 (England and Wales)





ACCOUNTANTS: Jonathan Ford & Co Limited
Chartered Accountants
Maxwell House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ

Jonathan Ford & Co Limited (Registered number: 04682562)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,533 6,510

CURRENT ASSETS
Debtors 5 135,728 150,299
Cash at bank 230,214 227,114
365,942 377,413
CREDITORS
Amounts falling due within one year 6 107,927 109,425
NET CURRENT ASSETS 258,015 267,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,548

274,498

CREDITORS
Amounts falling due after more than
one year

7

(16,517

)

(26,609

)

PROVISIONS FOR LIABILITIES (1,271 ) (1,216 )
NET ASSETS 245,760 246,673

Jonathan Ford & Co Limited (Registered number: 04682562)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 79 79
Capital redemption reserve 21 21
Retained earnings 245,660 246,573
SHAREHOLDERS' FUNDS 245,760 246,673

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.

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 16 November 2024 and were signed on its behalf by:





Mrs A Brown - Director


Jonathan Ford & Co Limited (Registered number: 04682562)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jonathan Ford & Co 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.

Critical accounting judgements and key sources of estimation uncertainty

1. Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, and the physical condition of the asset.

2. Impairment of trade debtors

The company makes an estimate of the recoverable value of trade debtors. When assessing impairment of trade debtors, the directors consider factors including the ageing profile of the debtors and historical experience.

3. Deferred tax provisioning

Deferred tax is recognised on all timing differences at the balance sheet date. The company's timing differences predominantly arise on the differing tax and accounting values of tangible assets. Judgement is exercised by the directors in determining the useful economic lives and residual values of tangible assets which is relevant in determining the value of deferred tax liabilities or assets.

Turnover and revenue recognition
Turnover represents services supplied, net of VAT.

Revenue derived from non-refundable monthly invoicing is recognised in the month to which the invoice relates. Revenue derived from annual invoicing is recognised when the associated work is completed. Commission earned through referring clients to a financial services provider is recognised when the company is authorised to retain the commission by the client.

Jonathan Ford & Co Limited (Registered number: 04682562)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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

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.

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 7 (2023 - 7 ) .

Jonathan Ford & Co Limited (Registered number: 04682562)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 54,693
Additions 2,746
At 31 March 2024 57,439
DEPRECIATION
At 1 April 2023 48,183
Charge for year 3,723
At 31 March 2024 51,906
NET BOOK VALUE
At 31 March 2024 5,533
At 31 March 2023 6,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade debtors 103,790 114,130
Other debtors 31,938 36,169
135,728 150,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,096 9,849
Trade creditors 8,822 4,385
Taxation and social security 71,016 77,507
Other creditors 17,993 17,684
107,927 109,425

Jonathan Ford & Co Limited (Registered number: 04682562)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,517 26,609

8. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - 3,599

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs A Brown
Balance outstanding at start of year - -
Amounts advanced 23,794 -
Amounts repaid (11,954 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,840 -

J J Mansley
Balance outstanding at start of year - 50
Amounts advanced 23,794 -
Amounts repaid (23,609 ) (50 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 185 -

10. RELATED PARTY DISCLOSURES

The company rents office accommodation for an annual rent of £3,600 from each of the current directors and shareholders.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.