Company registration number 08337583 (England and Wales)
TJ & Associates Limited
Unaudited financial statements
For the year ended 30 June 2024
TJ & Associates Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
TJ & Associates Limited
Statement of financial position
As at 30 June 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,104
Current assets
Debtors
5
57,752
91,523
Cash at bank and in hand
17,209
19,119
74,961
110,642
Creditors: amounts falling due within one year
6
(883)
(1,750)
Net current assets
74,078
108,892
Net assets
74,078
110,996
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
74,068
110,986
Total equity
74,078
110,996
For the financial year ended 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 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 income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 July 2025
Mr A Jeffries
Director
Company registration number 08337583 (England and Wales)
TJ & Associates Limited
Notes to the financial statements
For the year ended 30 June 2024
- 2 -
1
Accounting policies
Company information
TJ & Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 29 Amberleigh Close, Appleton Thorn, Warrington, WA4 4TD.
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. The principal accounting policies adopted are set out below.
1.2
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:
Computers
33.3% on cost
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.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
TJ & Associates Limited
Notes to the financial statements (continued)
For the year ended 30 June 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.
2
Judgements and key sources of estimation uncertainty
In the opinion of the director, there are currently no critical accounting estimates applied in preparing the financial statements.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
11,918
Depreciation and impairment
At 1 July 2023
9,814
Depreciation charged in the year
2,104
At 30 June 2024
11,918
Carrying amount
At 30 June 2024
At 30 June 2023
2,104
TJ & Associates Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
14,966
18,787
Other debtors
42,786
72,736
57,752
91,523
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
540
24
Other creditors
343
1,726
883
1,750
7
Directors' transactions
Included within debtors falling due within one year is a a director's current account balance of £42,586 (2023 - £72,536). This advance is unsecured, interest free and repayable upon demand.
There have not been any single advances in either the current or prior year which, in the opinion of the director, are considered material.