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REGISTERED NUMBER: 08299514 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Joe Jennings (Harlow) Limited

Joe Jennings (Harlow) Limited (Registered number: 08299514)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joe Jennings (Harlow) Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: J T Jennings
C Scott
G Linden





REGISTERED OFFICE: 1 Astra Centre
Edinburgh Way
Harlow
Essex
CM20 2BN





REGISTERED NUMBER: 08299514 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Joe Jennings (Harlow) Limited (Registered number: 08299514)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 188,048 168,608
188,048 168,608

CURRENT ASSETS
Debtors 6 430,529 258,428
Cash at bank and in hand 1,430,699 1,734,935
1,861,228 1,993,363
CREDITORS
Amounts falling due within one year 7 1,996,283 2,123,249
NET CURRENT LIABILITIES (135,055 ) (129,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,993

38,722

PROVISIONS FOR LIABILITIES 8 40,725 34,979
NET ASSETS 12,268 3,743

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 12,168 3,643
SHAREHOLDERS' FUNDS 12,268 3,743

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 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 29 August 2024 and were signed on its behalf by:




J T Jennings - Director


Joe Jennings (Harlow) Limited (Registered number: 08299514)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Joe Jennings (Harlow) 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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 2014, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - 20% on cost and 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Joe Jennings (Harlow) Limited (Registered number: 08299514)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 29 (2023 - 31 ) .

Joe Jennings (Harlow) Limited (Registered number: 08299514)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,470,527
AMORTISATION
At 1 April 2023
and 31 March 2024 1,470,527
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 247,460 333,331 43,045 623,836
Additions - 53,257 - 53,257
At 31 March 2024 247,460 386,588 43,045 677,093
DEPRECIATION
At 1 April 2023 208,020 215,739 31,469 455,228
Charge for year 6,453 25,627 1,737 33,817
At 31 March 2024 214,473 241,366 33,206 489,045
NET BOOK VALUE
At 31 March 2024 32,987 145,222 9,839 188,048
At 31 March 2023 39,440 117,592 11,576 168,608

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 380,071 232,547
Prepayments and accrued income 50,458 25,881
430,529 258,428

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 55,251 51,421
Tax 295,054 301,401
Social security and other taxes 4,630 47,126
Other creditors 286,363 609,250
Directors' current accounts 1,034,830 843,990
Accrued expenses 320,155 270,061
1,996,283 2,123,249

Joe Jennings (Harlow) Limited (Registered number: 08299514)

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


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 40,725 34,979

Deferred
tax
£   
Balance at 1 April 2023 34,979
Provided during year 5,746
Balance at 31 March 2024 40,725

9. CALLED UP SHARE CAPITAL

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is J T Jennings.