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J & R ASSOCIATES LTD

Unaudited Financial Statements

for the Year Ended 31 October 2024






J & R ASSOCIATES LTD (REGISTERED NUMBER: 08732282)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

J & R ASSOCIATES LTD

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J Hodgson



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 08732282 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Santander
PO Box 10102
21 Prescot Street
London
E1 8TN

J & R ASSOCIATES LTD (REGISTERED NUMBER: 08732282)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,000
Tangible assets 5 7,148 3,822
8,148 4,822

CURRENT ASSETS
Debtors 6 30,000 -
Cash at bank and in hand 153,277 145,478
183,277 145,478
CREDITORS
Amounts falling due within one year 7 14,887 15,514
NET CURRENT ASSETS 168,390 129,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,538

134,786

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 176,338 134,586
SHAREHOLDERS' FUNDS 176,538 134,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14 November 2024 and were signed by:





J Hodgson - Director


J & R ASSOCIATES LTD (REGISTERED NUMBER: 08732282)

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


1. STATUTORY INFORMATION

J & R Associates 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
The turnover represents fees receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.
Fixtures and fittings - 15% on cost
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

J & R ASSOCIATES LTD (REGISTERED NUMBER: 08732282)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 10,000
AMORTISATION
At 1 November 2023
and 31 October 2024 9,000
NET BOOK VALUE
At 31 October 2024 1,000
At 31 October 2023 1,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 - 3,980 1,750 5,730
Additions 2,100 3,000 - 5,100
At 31 October 2024 2,100 6,980 1,750 10,830
DEPRECIATION
At 1 November 2023 - 1,358 550 1,908
Charge for year 315 843 616 1,774
At 31 October 2024 315 2,201 1,166 3,682
NET BOOK VALUE
At 31 October 2024 1,785 4,779 584 7,148
At 31 October 2023 - 2,622 1,200 3,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Prepayments 30,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 9,014 9,991
Social security and other taxes - 41
Directors' loan accounts 2,000 2,000
Accrued expenses 3,873 3,482
14,887 15,514

J & R ASSOCIATES LTD (REGISTERED NUMBER: 08732282)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
J & R Associates Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J & R Associates Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J & R Associates Ltd in accordance with the terms of our engagement letter dated 15 October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of J & R Associates Ltd and state those matters that we have agreed to state to the director of J & R Associates Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J & R Associates Ltd and its director for our work or for this report.

It is your duty to ensure that J & R Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J & R Associates Ltd. You consider that J & R Associates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J & R Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


14 November 2024