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REGISTERED NUMBER: 02670843 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

JON TURNER ASSOCIATES LIMITED

JON TURNER ASSOCIATES LIMITED (REGISTERED NUMBER: 02670843)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JON TURNER ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: J P Turner





SECRETARY: Mrs J P Turner





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 02670843 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

JON TURNER ASSOCIATES LIMITED (REGISTERED NUMBER: 02670843)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361,519 363,760

CURRENT ASSETS
Debtors 5 62,040 151,026
Cash at bank 11,991 8,524
74,031 159,550
CREDITORS
Amounts falling due within one year 6 73,112 167,358
NET CURRENT ASSETS/(LIABILITIES) 919 (7,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,438

355,952

CREDITORS
Amounts falling due after more than one
year

7

(155,624

)

(177,052

)

PROVISIONS FOR LIABILITIES (390 ) (951 )
NET ASSETS 206,424 177,949

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,324 177,849
206,424 177,949

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

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

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 21 January 2025 and were signed by:





J P Turner - Director


JON TURNER ASSOCIATES LIMITED (REGISTERED NUMBER: 02670843)

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

1. STATUTORY INFORMATION

Jon Turner Associates 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 on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 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 3 (2023 - 3 ) .

JON TURNER ASSOCIATES LIMITED (REGISTERED NUMBER: 02670843)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 359,957 988 13,775 43,302 418,022
Additions - - - 360 360
At 31 May 2024 359,957 988 13,775 43,662 418,382
DEPRECIATION
At 1 June 2023 - 988 12,532 40,742 54,262
Charge for year - - 621 1,980 2,601
At 31 May 2024 - 988 13,153 42,722 56,863
NET BOOK VALUE
At 31 May 2024 359,957 - 622 940 361,519
At 31 May 2023 359,957 - 1,243 2,560 363,760

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 356 42,192
Amounts owed by associates - 106,320
Directors' loan accounts 61,280 -
Prepayments 404 2,514
62,040 151,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,319 36,968
Trade creditors 4,067 5,384
Tax 19,027 19,741
Social security and other taxes 1,055 2,495
VAT 9,249 14,817
Other creditors 1,635 566
Directors' loan accounts - 85,572
Accrued expenses 1,760 1,815
73,112 167,358

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 36,319 36,968
Bank loans - 2-5 years 85,837 89,860
Pensions payable 156 49
Bank loans more 5 yr by instal 33,312 50,175
155,624 177,052

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,312 50,175

JON TURNER ASSOCIATES LIMITED (REGISTERED NUMBER: 02670843)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Lloyds Bank Plc 164,908 181,772

2d St Johns Road, Hove. Contains a fixed and floating charge as well as a negative pledge over the property.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J P Turner
Balance outstanding at start of year (85,572 ) (136,870 )
Amounts advanced 174,518 67,557
Amounts repaid (27,666 ) (16,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,280 (85,572 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J P Turner.

This was by virtue of his effective 51% holding of the issued share capital.