2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 9,427 1,249 8,178 7,679 514 1,249 6,944 1,234 1,748 xbrli:pure xbrli:shares iso4217:GBP 06715618 2023-11-01 2024-10-31 06715618 2024-10-31 06715618 2023-10-31 06715618 2022-11-01 2023-10-31 06715618 2023-10-31 06715618 2022-10-31 06715618 bus:Director1 2023-11-01 2024-10-31 06715618 core:WithinOneYear 2024-10-31 06715618 core:WithinOneYear 2023-10-31 06715618 core:ShareCapital 2024-10-31 06715618 core:ShareCapital 2023-10-31 06715618 core:RetainedEarningsAccumulatedLosses 2024-10-31 06715618 core:RetainedEarningsAccumulatedLosses 2023-10-31 06715618 bus:SmallEntities 2023-11-01 2024-10-31 06715618 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06715618 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06715618 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06715618 bus:FullAccounts 2023-11-01 2024-10-31 06715618 core:OfficeEquipment 2023-11-01 2024-10-31 06715618 core:OfficeEquipment 2023-10-31 06715618 core:OfficeEquipment 2024-10-31 06715618 bus:Director1 1 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 06715618
Julia Cleverdon Limited
Filleted Unaudited Financial Statements
31 October 2024
Julia Cleverdon Limited
Financial Statements
Year ended 31 October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Julia Cleverdon Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,234
1,748
Current assets
Debtors
6
60,000
71,287
Cash at bank and in hand
12,105
1,966
--------
--------
72,105
73,253
Creditors: amounts falling due within one year
7
20,480
13,372
--------
--------
Net current assets
51,625
59,881
--------
--------
Total assets less current liabilities
52,859
61,629
--------
--------
Net assets
52,859
61,629
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
52,858
61,628
--------
--------
Shareholders funds
52,859
61,629
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Julia Cleverdon Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 4 March 2025 , and are signed on behalf of the board by:
J Garnett
Director
Company registration number: 06715618
Julia Cleverdon Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Alwyne Road, Islington, London, N1 2HH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Revenue from the services rendered is recognised when the majority of the services have been performed for the customer, usually on completion of the contracted work, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Office Equipment
Total
£
£
Cost
At 1 November 2023
9,427
9,427
Disposals
( 1,249)
( 1,249)
-------
-------
At 31 October 2024
8,178
8,178
-------
-------
Depreciation
At 1 November 2023
7,679
7,679
Charge for the year
514
514
Disposals
( 1,249)
( 1,249)
-------
-------
At 31 October 2024
6,944
6,944
-------
-------
Carrying amount
At 31 October 2024
1,234
1,234
-------
-------
At 31 October 2023
1,748
1,748
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
60,000
71,287
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,255
427
Other creditors
17,225
12,945
--------
--------
20,480
13,372
--------
--------
8. Director's advances, credits and guarantees
At the year end the company owed the director £2,116 (2023: the company owed £11,287). Advances of £9,338 were made to the Director and repayments of £22,741 were made by the Director. Interest was charged on the loan at a rate of 2.25%.