Registered number
05613835
William Joseph Limited
Unaudited Filleted Accounts
30 November 2024
William Joseph Limited
Registered number: 05613835
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,879 10,210
Current assets
Debtors 4 176,295 175,622
Cash at bank and in hand 635,582 601,563
811,877 777,185
Creditors: amounts falling due within one year 5 (198,357) (185,958)
Net current assets 613,520 591,227
Total assets less current liabilities 621,399 601,437
Provisions for liabilities (1,970) (2,553)
Net assets £ 619,429 £ 598,884
Capital and reserves
Called up share capital 150 150
Profit and loss account 619,279 598,734
Shareholders' funds £ 619,429 £ 598,884
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Hammond
Director
Approved by the board on 22 August 2025
William Joseph Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The principal accounting policies applied in the preparation of these financial statements are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% straight line basis
Fixtures and fittings 25% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 90,950 18,541 109,491
Additions 4,129 460 4,589
At 30 November 2024 £ 95,079 £ 19,001 £ 114,080
Depreciation
At 1 December 2023 81,572 17,709 99,281
Charge for the year 6,391 529 6,920
At 30 November 2024 £ 87,963 £ 18,238 £ 106,201
Net book value
At 30 November 2024 £ 7,116 £ 763 £ 7,879
At 30 November 2023 £ 9,378 £ 832 £ 10,210
4 Debtors 2024 2023
£ £
Trade debtors 112,776 112,337
Other debtors 63,519 63,285
£ 176,295 £ 175,622
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,531 21,540
Taxation and social security costs 115,959 98,450
Other creditors 72,867 65,968
£ 198,357 £ 185,958
6 Other information
William Joseph Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 - 22 Wenlock Road
London
N1 7GU
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