John Alexander (Advisory) Limited - Accounts to registrar (filleted) - small 18.2

JOHN ALEXANDER (ADVISORY)

LIMITED

Financial Statements

for the Year Ended 30 June 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

John Alfred George Alexander

Registered office:

4a Lyndhurst Road

London

NW3 5PX

Registered number:

08102699 (England and Wales)

Fixed assets

Tangible assets

3

2,426

6,667

Investments

4

2,088

-

4,514

6,667

Current assets

Debtors

5

3,000

14,285

Cash at bank

124,618

93,689

127,618

107,974

Creditors

Amounts falling due within one year

6

6,700

10,725

Net current assets

120,918

97,249

Total assets less current liabilities

125,432

103,916

Capital and reserves

Called up share capital

7

1

1

Retained earnings

8

125,431

103,915

Shareholders' funds

10

125,432

103,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 August 2019 and were signed by:

John Alfred George Alexander - Director

1.	Statutory information

John Alexander (Advisory) 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 represents amounts receivable for services net of VAT.

Tangible fixed assets

Depreciation is provided at the folowing annual rates in order to write off each asset over its

estimated useful life:

Fixtures, fittings & equipment - Straight line over 3 years

Critical accounting judgements and estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including

expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies

The Company makes a number of assessments which require judgement in preparing the accounts and can have a

significant effect upon the financial statements. However due to the straight forward nature of the Company's business,

management does not believe that there are any judgements that have a significant risk of causing a material adjustment

to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by

definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business,

management does not believe that there are any estimates and assumptions that have a significant risk of causing a

material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence

for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's

ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in

preparing these financial statements.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at

transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from suppliers.

Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are

presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured

at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently

measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is

discharged, cancelled or expires.

Going concern

These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the directors

have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of

at least 12 months from the date of signing the financial statements, and the extent to which they might affect the

preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to

meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the

Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence

for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's

ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting

in preparing these financial statements.

3.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 July 2018

and 30 June 2019

12,724

Depreciation

At 1 July 2018

6,057

Charge for year

4,241

At 30 June 2019

10,298

Net book value

At 30 June 2019

2,426

At 30 June 2018

6,667

4.	Fixed asset investments

Other

investments

£

Cost

Additions

2,088

At 30 June 2019

2,088

Net book value

At 30 June 2019

2,088

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

-

11,250

Other debtors

3,000

3,000

Prepayments

-

35

3,000

14,285

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Tax

6,042

6,171

Directors' current accounts

58

2,696

Accrued expenses

600

1,858

6,700

10,725

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

1

1

1

8.

Reserves

Retained

earnings

£

At 1 July 2018

103,915

Profit for the year

21,516

At 30 June 2019

125,431

9.	Ultimate controlling party

The controlling party is John Alfred George Alexander.

10.	Reconciliation of movements in shareholders' funds

2019

2018

£

£

Profit for the financial year

21,516

22,066

Net addition to shareholders' funds

21,516

22,066

Opening shareholders' funds

103,916

81,850

Closing shareholders' funds

125,432

103,916