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Registered number: 11354289
Jon Paul Ladd Limited
Financial Statements
For The Year Ended 31 May 2024
Hill Wooldridge Accountants Ltd
Chartered Certified Accountants
55 Crown Street
Brentwood
Essex
CM14 4BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11354289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,733 1,514
5,733 1,514
CURRENT ASSETS
Debtors 5 40,446 38,807
Cash at bank and in hand 40,761 38,358
81,207 77,165
Creditors: Amounts Falling Due Within One Year 6 (30,882 ) (26,599 )
NET CURRENT ASSETS (LIABILITIES) 50,325 50,566
TOTAL ASSETS LESS CURRENT LIABILITIES 56,058 52,080
NET ASSETS 56,058 52,080
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 55,958 51,980
SHAREHOLDERS' FUNDS 56,058 52,080
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Ladd
Director
26th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jon Paul Ladd Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11354289 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% of cost per year
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 5,761
Additions 5,979
As at 31 May 2024 11,740
Depreciation
As at 1 June 2023 4,247
Provided during the period 1,760
As at 31 May 2024 6,007
Net Book Value
As at 31 May 2024 5,733
As at 1 June 2023 1,514
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,560 17,900
Prepayments and accrued income 2,886 20,907
40,446 38,807
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 118 2,581
Corporation tax 9,211 13,650
Other taxes and social security 223 223
VAT 8,933 2,153
Net wages - 584
Accruals and deferred income 1,084 2,046
Director's loan account 11,313 5,362
30,882 26,599
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5