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Registered number: 07003984
Janet Thurston Holdings Limited
Financial Statements
For The Year Ended 31 March 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07003984
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 41 751
41 751
CURRENT ASSETS
Stocks 6 1,000 500
Debtors 7 32,869 51,678
Cash at bank and in hand 8,471 17,603
42,340 69,781
Creditors: Amounts Falling Due Within One Year 8 (61,346 ) (49,340 )
NET CURRENT ASSETS (LIABILITIES) (19,006 ) 20,441
TOTAL ASSETS LESS CURRENT LIABILITIES (18,965 ) 21,192
Creditors: Amounts Falling Due After More Than One Year 9 (19,976 ) (19,224 )
NET (LIABILITIES)/ASSETS (38,941 ) 1,968
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (39,041 ) 1,868
SHAREHOLDERS' FUNDS (38,941) 1,968
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms J E Thurston
Director
26/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Janet Thurston Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07003984 . The registered office is Cumberland House, 24 - 28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company during this uncertain period.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been fully amortised.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the lease term
Fixtures & Fittings 33% straight line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 916,560
As at 31 March 2024 916,560
Amortisation
As at 1 April 2023 916,560
As at 31 March 2024 916,560
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 12,360 3,617 15,977
Disposals (12,360 ) - (12,360 )
As at 31 March 2024 - 3,617 3,617
Depreciation
As at 1 April 2023 12,360 2,866 15,226
Provided during the period - 710 710
Disposals (12,360 ) - (12,360 )
As at 31 March 2024 - 3,576 3,576
Net Book Value
As at 31 March 2024 - 41 41
As at 1 April 2023 - 751 751
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6. Stocks
2024 2023
£ £
Finished goods 1,000 500
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 29,207 50,133
Other debtors 3,662 1,545
32,869 51,678
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,887 794
Bank loans and overdrafts 3,805 6,991
Other taxes and social security 876 1,096
Other creditors 1,221 1,624
Accruals and deferred income 3,954 2,552
Director's loan account 45,603 36,283
61,346 49,340
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,976 19,224
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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