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REGISTERED NUMBER: 11219522 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

MICHAEL JONES NARTHEX LTD

MICHAEL JONES NARTHEX LTD (REGISTERED NUMBER: 11219522)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL JONES NARTHEX LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr M Jones





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 11219522 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

MICHAEL JONES NARTHEX LTD (REGISTERED NUMBER: 11219522)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,535 24,640
Tangible assets 5 30,947 31,415
51,482 56,055

CURRENT ASSETS
Cash at bank 71 2,661

CREDITORS
Amounts falling due within one year 6 40,478 37,409
NET CURRENT LIABILITIES (40,407 ) (34,748 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,075

21,307

CREDITORS
Amounts falling due after more than one year 7 11,074 18,376
NET ASSETS 1 2,931

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 - 2,930
SHAREHOLDERS' FUNDS 1 2,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MICHAEL JONES NARTHEX LTD (REGISTERED NUMBER: 11219522)

Balance Sheet - continued
29 February 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 director and authorised for issue on 9 October 2024 and were signed by:





Mr M Jones - Director


MICHAEL JONES NARTHEX LTD (REGISTERED NUMBER: 11219522)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Michael Jones Narthex 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

MICHAEL JONES NARTHEX LTD (REGISTERED NUMBER: 11219522)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 28,745
AMORTISATION
At 1 March 2023 4,105
Charge for year 4,105
At 29 February 2024 8,210
NET BOOK VALUE
At 29 February 2024 20,535
At 28 February 2023 24,640

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 47,811
Additions 7,269
At 29 February 2024 55,080
DEPRECIATION
At 1 March 2023 16,396
Charge for year 7,737
At 29 February 2024 24,133
NET BOOK VALUE
At 29 February 2024 30,947
At 28 February 2023 31,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 3,953 3,680
Taxation and social security 4,877 4,652
Other creditors 31,648 29,077
40,478 37,409

MICHAEL JONES NARTHEX LTD (REGISTERED NUMBER: 11219522)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 11,074 18,376

8. RESERVES
Retained
earnings
£   

At 1 March 2023 2,930
Profit for the year 14,987
Dividends (17,917 )
At 29 February 2024 -