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REGISTERED NUMBER: 05365427 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOEL MICHAELS ASSOCIATES LIMITED

JOEL MICHAELS ASSOCIATES LIMITED (REGISTERED NUMBER: 05365427)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOEL MICHAELS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: J Michaels





SECRETARY: Mrs V Michaels





REGISTERED OFFICE: 1st Floor Office Pentagon House
Wealden Ind Est
Farningham Road
Crowborough
East Sussex
TN6 2JR





REGISTERED NUMBER: 05365427 (England and Wales)





ACCOUNTANTS: Numis Limited
1st Floor Pentagon House
Wealden Ind Estate
Farningham Road
Crowborough
East Sussex
TN6 2JR

JOEL MICHAELS ASSOCIATES LIMITED (REGISTERED NUMBER: 05365427)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 304 406
Investments 5 50 50
354 456

CURRENT ASSETS
Debtors 6 5,124 226
Cash at bank 174,504 150,014
179,628 150,240
CREDITORS
Amounts falling due within one year 7 1,327 1,823
NET CURRENT ASSETS 178,301 148,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,655

148,873

PROVISIONS FOR LIABILITIES 8 39 58
NET ASSETS 178,616 148,815

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 178,416 148,615
SHAREHOLDERS' FUNDS 178,616 148,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JOEL MICHAELS ASSOCIATES LIMITED (REGISTERED NUMBER: 05365427)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





J Michaels - Director


JOEL MICHAELS ASSOCIATES LIMITED (REGISTERED NUMBER: 05365427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Joel Michaels Associates Limited 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

JOEL MICHAELS ASSOCIATES LIMITED (REGISTERED NUMBER: 05365427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 1,959
DEPRECIATION
At 1 April 2024 1,553
Charge for year 102
At 31 March 2025 1,655
NET BOOK VALUE
At 31 March 2025 304
At 31 March 2024 406

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 50
NET BOOK VALUE
At 31 March 2025 50
At 31 March 2024 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 4,250 -
Other debtors 874 226
5,124 226

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 22 73
Other creditors 1,305 1,750
1,327 1,823

JOEL MICHAELS ASSOCIATES LIMITED (REGISTERED NUMBER: 05365427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax
Accelerated capital allowances 58 77
Tax losses carried forward (19 ) (19 )
39 58

Deferred
tax
£   
Balance at 1 April 2024 58
Accelerated capital allowances (19 )
Losses carried forward
Balance at 31 March 2025 39

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,210 (2024 - £41,500) were paid to the director .

The company received fees totalling £29,405 (2024: £44,250) and £59,000 (2024: 69,000) dividend distribution from associated company "Joel Michaels Reynolds Limited" .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Michaels.