Accounts filed on 31-08-2021

			Company registration number:07355915
		JOSHUA DEVELOPMENTS LTD
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 August 2021

JOSHUA DEVELOPMENTS LTD
BALANCE SHEET
AS AT 31 August 2021
					2021				2020
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			423,205				424,813
							423,205				424,813
CURRENT ASSETS
Stocks					501,857				534,197
Debtors				4	31,144				21,845
Cash at bank and in hand					71,065				8,609
					604,066				564,651
CREDITORS
Amounts falling due within one year				5	(59,643)				(47,292)
NET CURRENT ASSETS							544,423				517,359
TOTAL ASSETS LESS
CURRENT LIABILITIES							967,628				942,172
Creditors falling due after one year				6			(1,041,514)				(1,110,885)
NET ASSETS							(73,886)				(168,713)
CAPITAL AND RESERVES
Called-up equity share capital				7			1				1
Profit and loss account							(73,887)				(168,714)
SHAREHOLDERS FUNDS							(73,886)				(168,713)
For the year ending 31 August 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 26 August 2022 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Roger James
26 August 2022
The annexed notes form part of these financial statements.

---

JOSHUA DEVELOPMENTS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2021
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 September 2019				1	0	(136,249)	0	0	(136,248)
Changes in equity
Total Comprehensive Income				0	0	(32,465)	0	0	(32,465)
Balance at 31 August 2020				1	0	(168,714)	0	0	(168,713)
Changes in equity
Total comprehensive income				0	0	94,827	0	0	94,827
Balance at 31 August 2021				1	0	(73,887)	0	0	(73,886)

---

JOSHUA DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

1.

Accounting policies

Statutory information

Joshua Developments Ltd is a private company, limited by shares, registered in England and Wales. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Financial assets

Investment property is carried at fair value. Revaluation surpluses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery - 15% reducing balance basis.

Motor Vehicles - 25% reducing balance basis.

Stocks and Work In Progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Leasing

Motor vehicle, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 2.

3.	Tangible fixed assets
				Land/Buildings	Plant	Motor	Total
	Cost
	At start of period			418,000	2,072	16,525	436,597
	At end of period			418,000	2,072	16,525	436,597
	Depreciation
	At start of period			0	1,131	10,653	11,784
	Provided during the period			0	141	1,468	1,609
	At end of period			0	1,272	12,121	13,393
	Net Book Value
	At start of period			418,000	941	5,872	424,813
	At end of period			418,000	800	4,405	423,205

4.	Debtors
					2021	2020
					£	£
	Due within one year
	Other Debtors				30,791	21,740
	Prepayments and accrued income				353	105
					31,144	21,845

5.	Creditors due within one year
					2021	2020
					£	£
	Trade creditors				51,823	33,361
	Corporation Tax				2,212	0
	Other taxes and social security costs				2,804	790
	Other creditors				704	8,941
	Accruals and deferred income				2,100	4,200
					59,643	47,292
	Bank overdrafts are secured by debenture.
6.								Creditors due after one year
					2021	2020
					£	£
	Bank Loans				47,193	50,000
	Obligations under finance leases				0	199
	Other creditors				642,304	825,963
	Loan from directors				352,017	234,723
					1,041,514	1,110,885

7.	Share capital				Alloted, Issued and fully paid
					2021	2020
					£	£
	Ordinary shares of £1 each				1	1
	Total issued share capital				1	1