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REGISTERED NUMBER: 07367090 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JOSEPH THALIYAN SOLICITORS LTD

JOSEPH THALIYAN SOLICITORS LTD (REGISTERED NUMBER: 07367090)

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


JOSEPH THALIYAN SOLICITORS LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: B Joseph
J Kanagasingham
P Gautam





REGISTERED OFFICE: 4 Station Passage
South Woodford
London
E18 1JL





REGISTERED NUMBER: 07367090 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

JOSEPH THALIYAN SOLICITORS LTD (REGISTERED NUMBER: 07367090)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,169 5,588

CURRENT ASSETS
Debtors 5 130,300 30,000
Cash at bank 850,038 890,977
980,338 920,977
CREDITORS
Amounts falling due within one year 6 865,563 871,555
NET CURRENT ASSETS 114,775 49,422
TOTAL ASSETS LESS CURRENT LIABILITIES 117,944 55,010

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 49,990 49,990
Retained earnings 67,854 4,920
SHAREHOLDERS' FUNDS 117,944 55,010

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:



B Joseph - Director


JOSEPH THALIYAN SOLICITORS LTD (REGISTERED NUMBER: 07367090)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Joseph Thaliyan Solicitors 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

JOSEPH THALIYAN SOLICITORS LTD (REGISTERED NUMBER: 07367090)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 9,813 10,706 20,519
Additions 761 1,178 1,939
At 31 May 2024 10,574 11,884 22,458
DEPRECIATION
At 1 June 2023 6,109 8,822 14,931
Charge for year 2,484 1,874 4,358
At 31 May 2024 8,593 10,696 19,289
NET BOOK VALUE
At 31 May 2024 1,981 1,188 3,169
At 31 May 2023 3,704 1,884 5,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 30,000 30,000
Directors' current accounts 100,300 -
130,300 30,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Liability to clients 822,002 822,002
Trade creditors - (1 )
Tax 31,403 17,616
VAT 13,654 17,401
Other creditors (3,698 ) 2,266
Directors' current accounts - 10,069
Accrued expenses 2,202 2,202
865,563 871,555