Josiah-Lake Gardiner Ltd - Accounts to registrar (filleted) - small 18.2

JOSIAH-LAKE GARDINER LTD

Unaudited Financial Statements

for the Year Ended 31 March 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs Rebecca Gardiner

David Josiah-Lake

Registered office:

25 Southampton Buildings

London

WC2A 1AL

Registered number:

08498751 (England and Wales)

Accountants:

Haines Watts

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

3,181

3,174

3,181

3,174

Current assets

Stocks

106,927

66,768

Debtors

6

118,563

123,646

Cash at bank

215,368

173,604

440,858

364,018

Creditors

Amounts falling due within one year

7

103,110

102,022

Net current assets

337,748

261,996

Total assets less current liabilities

340,929

265,170

Creditors

Amounts falling due after more than one year

8

1,596

11,172

Net assets

339,333

253,998

Capital and reserves

Called up share capital

9

200

200

Retained earnings

339,133

253,798

Shareholders' funds

339,333

253,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 2 December 2020 and were signed on its behalf by:

David Josiah-Lake - Director

1.	Statutory information

Josiah-Lake Gardiner Ltd 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 the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Work in progress

Where the outcome can be estimated reliably, revenue and costs are recognised by reference to the stage of completion at the reporting end date.

The percentage of completion method is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of costs incurred for work performed to date compared to the estimated total costs. Costs incurred in the year in connection with future activity are excluded in determining the stage of completion. These costs are presented as prepayments provided it is probable they will be recovered.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2019 - 4 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2019

and 31 March 2020

240,000

Amortisation

At 1 April 2019

and 31 March 2020

240,000

Net book value

At 31 March 2020

-

At 31 March 2019

-

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2019

20,062

Additions

1,617

At 31 March 2020

21,679

Depreciation

At 1 April 2019

16,888

Charge for year

1,610

At 31 March 2020

18,498

Net book value

At 31 March 2020

3,181

At 31 March 2019

3,174

6.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

94,353

89,420

Other debtors

24,210

34,226

118,563

123,646

7.

Creditors: amounts falling due within one year

2020

2019

£

£

Bank loans and overdrafts

22,367

13,509

Trade creditors

-

1,420

Taxation and social security

63,807

32,722

Other creditors

16,936

54,371

103,110

102,022

8.

Creditors: amounts falling due after more than one year

2020

2019

£

£

Other creditors

1,596

11,172

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary A shares

£1

100

100

100

Ordinary B shares

£1

100

100

200

200