Company registration number 10335718 (England and Wales)
Jonathan Roberts Design Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Pages For Filing With Registrar
Pinnick Lewis LLP
Chartered Certified Accountants
Handel House
95 High Street
Edgware
HA8 7DB
Jonathan Roberts Design Ltd
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Jonathan Roberts Design Ltd
BALANCE SHEET
As At 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,788
6,034
Current assets
Debtors
4
45
Cash at bank and in hand
53,132
20,705
53,177
20,705
Creditors: amounts falling due within one year
5
(36,374)
(19,218)
Net current assets
16,803
1,487
Total assets less current liabilities
31,591
7,521
Creditors: amounts falling due after more than one year
6
(2,320)
(4,314)
Net assets
29,271
3,207
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
29,270
3,206
Total equity
29,271
3,207
For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 20 May 2025
Mr J P Roberts
Director
Company registration number 10335718 (England and Wales)
Jonathan Roberts Design Ltd
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024
- 2 -
1
Accounting policies
Company information
Jonathan Roberts Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 St Matthews Drive, St Leonards-on-Sea, East Sussex TN38 0TR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Jonathan Roberts Design Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 August 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.6
Taxation
The tax expense represents the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 September 2023
17,620
Additions
12,322
At 31 August 2024
29,942
Depreciation and impairment
At 1 September 2023
11,586
Depreciation charged in the year
3,568
At 31 August 2024
15,154
Jonathan Roberts Design Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 August 2024
3
Tangible fixed assets
Plant and equipment
£
(Continued)
- 4 -
Carrying amount
At 31 August 2024
14,788
At 31 August 2023
6,034
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
45
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,999
1,999
Corporation tax
14,976
8,505
Other taxation and social security
4,373
2,953
Other creditors
15,026
5,761
36,374
19,218
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,320
4,314