Jonathon Morgan Design Associates - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06883222 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Jonathon Morgan Design

Associates Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

J E J Morgan

Mrs J E Morgan

S Tyas

REGISTERED OFFICE:

2 The Holmes

Skipwith

Selby

North Yorkshire

YO8 5SL

REGISTERED NUMBER:

06883222 (England and Wales)

ACCOUNTANTS:

Baker Fox Limited

Chartered Accountants

Owl Cotes Barn

Low Lane

Cowling

Keighley

West Yorkshire

BD22 0LE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jonathon Morgan Design Associates Limited for the year ended 30 April 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jonathon Morgan Design Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jonathon Morgan Design Associates Limited and state those matters that we have agreed to state to the Board of Directors of Jonathon Morgan Design Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jonathon Morgan Design Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jonathon Morgan Design Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jonathon Morgan Design Associates Limited. You consider that Jonathon Morgan Design Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jonathon Morgan Design Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Baker Fox Limited

Chartered Accountants

Owl Cotes Barn

Low Lane

Cowling

Keighley

West Yorkshire

BD22 0LE

29 June 2022

FIXED ASSETS

Tangible assets

4

24,134

20,057

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

5

253,803

103,239

Cash at bank

300,852

454,092

574,655

577,331

CREDITORS

Amounts falling due within one year

6

127,143

51,585

NET CURRENT ASSETS

447,512

525,746

TOTAL ASSETS LESS CURRENT LIABILITIES

471,646

545,803

CREDITORS

Amounts falling due after more than one year

7

-

(81,667

)

PROVISIONS FOR LIABILITIES

(4,585

)

(4,045

)

NET ASSETS

467,061

460,091

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

466,961

459,991

SHAREHOLDERS' FUNDS

467,061

460,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2022 and were signed on its behalf by:

J E J Morgan - Director

1.	STATUTORY INFORMATION

Jonathon Morgan Design 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 etc

-

33% on cost and 20% on reducing balance

Stocks

Work in progress is valued at the lower or cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

100,375

Additions

14,258

At 30 April 2022

114,633

DEPRECIATION

At 1 May 2021

80,318

Charge for year

10,181

At 30 April 2022

90,499

NET BOOK VALUE

At 30 April 2022

24,134

At 30 April 2021

20,057

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

250,251

87,099

Other debtors

3,552

16,140

253,803

103,239

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

-

18,333

Trade creditors

22,916

5,805

Taxation and social security

91,495

21,592

Other creditors

12,732

5,855

127,143

51,585

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

-

81,667

2022

2021

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,667

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

7,928

24,453

Between one and five years

10,500

-

18,428

24,453

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2022 and 30 April 2021:

2022

2021

£

£

J E J Morgan and Mrs J E Morgan

Balance outstanding at start of year

3,340

(16,772

)

Amounts advanced

83,656

114,535

Amounts repaid

(92,749

)

(94,423

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,753

)

3,340

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JEJ Morgan and Mrs JE Morgan by virtue of their holdings in the shares of the company.