Company Registration No. 14920889 (England and Wales)
Jericho Writers Ltd
Unaudited accounts
for the period from 7 June 2023 to 30 June 2024
Jericho Writers Ltd
Unaudited accounts
Contents
Jericho Writers Ltd
Company Information
for the period from 7 June 2023 to 30 June 2024
Directors
BINGHAM, Thomas Henry
BINGHAM, Nuala
Company Number
14920889 (England and Wales)
Accountants
Parantuca and Bowman Limited
Office 1
Unit 11 Ro 24 Twizel Close
Milton Keynes
MK13 0DX
Jericho Writers Ltd
Accountants' report
Accountants' report to the board of directors of Jericho Writers Ltd on the preparation of the unaudited statutory accounts for the period from 7 June 2023 to 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Jericho Writers Ltd for the period from
7 June 2023 to
30 June 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jericho Writers Ltd, as a body, in accordance with the terms of our engagement letter dated 11 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Jericho Writers Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jericho Writers Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jericho Writers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jericho Writers Ltd. You consider that Jericho Writers Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Jericho Writers 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 accounts.
Parantuca and Bowman Limited
Office 1
Unit 11 Ro 24 Twizel Close
Milton Keynes
MK13 0DX
7 March 2025
Jericho Writers Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
159,962
Creditors: amounts falling due within one year
(491,391)
Net current liabilities
(268,862)
Total assets less current liabilities
8,977
Creditors: amounts falling due after more than one year
(8,163)
Profit and loss account
812
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by
BINGHAM, Thomas Henry
Director
Company Registration No. 14920889
Jericho Writers Ltd
Notes to the Accounts
for the period from 7 June 2023 to 30 June 2024
Jericho Writers Ltd is a private company, limited by shares, registered in England and Wales, registration number 14920889.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20
Jericho Writers Ltd
Notes to the Accounts
for the period from 7 June 2023 to 30 June 2024
Policy Statement
An intangible asset can be defined as an identifiable non-monetary asset without physical substance.
An intangible asset is identifiable when it:
● is separable (i.e. capable of being separated or divided from the entity and sold, transferred, licensed, rented or exchanged wither individually or together with a relate contract, asset or liability), or
● arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the entity or from other rights and obligations
Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. One can divide intangible assets into two categories:intellectual property and goodwill.
Recognition criteria
An intangible asset is only recognised if:
● it is probable that the future economic benefits associated with the item will flow to the
entity, with the probability of future economic benefits representing management’s best
estimates of the economic conditions that will exist over the useful life of the asset using
reasonable and supportable assumptions, and
● the cost of the asset can be measured reliably.
Amortisation
Useful life
Accountable Now will assess whether the useful life of an intangible asset is finite or indefinite. An intangible asset has an indefinite useful life when there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows.
An intangible asset with a finite useful life will be amortised over its useful life. The amortisation method should reflect the pattern in which the asset’s future economic benefits are expected to be consumed. If that pattern cannot be determined reliably, the straight-line method is to be used.
4
Intangible fixed assets
Goodwill
Jericho Writers Ltd
Notes to the Accounts
for the period from 7 June 2023 to 30 June 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
61,804
7
Creditors: amounts falling due within one year
2024
Taxes and social security
330
Loans from directors
(2,000)
8
Creditors: amounts falling due after more than one year
2024
Taxes and social security
8,163
9
Average number of employees
During the period the average number of employees was 14.