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

JOSIAH-LAKE GARDINER LTD

Unaudited Financial Statements

for the Year Ended 31 March 2021

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

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

3,200

3,181

3,200

3,181

Current assets

Work in progress

77,721

106,927

Debtors

6

143,029

118,563

Cash at bank

156,428

215,368

377,178

440,858

Creditors

Amounts falling due within one year

7

77,844

103,110

Net current assets

299,334

337,748

Total assets less current liabilities

302,534

340,929

Creditors

Amounts falling due after more than one year

8

-

1,596

Net assets

302,534

339,333

Capital and reserves

Called up share capital

9

200

200

Retained earnings

302,334

339,133

Shareholders' funds

302,534

339,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 16 March 2022 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.

Going concern

Following the emergence and spread of the coronavirus (COVID-19) as well as its financial effects on

businesses worldwide the directors have considered its effects on the business of the company and believe

there are sufficient funds available for the business to continue as a going concern.

3.	Employees and directors

The average number of employees during the year was 4 (2020 - 4 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2020

and 31 March 2021

240,000

Amortisation

At 1 April 2020

and 31 March 2021

240,000

Net book value

At 31 March 2021

-

At 31 March 2020

-

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2020

13,860

7,819

21,679

Additions

-

2,632

2,632

At 31 March 2021

13,860

10,451

24,311

Depreciation

At 1 April 2020

13,860

4,638

18,498

Charge for year

-

2,613

2,613

At 31 March 2021

13,860

7,251

21,111

Net book value

At 31 March 2021

-

3,200

3,200

At 31 March 2020

-

3,181

3,181

6.

Debtors: amounts falling due within one year

2021

2020

£

£

Trade debtors

125,625

94,353

Other debtors

17,404

24,210

143,029

118,563

7.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank loans and overdrafts

1,596

22,367

Taxation and social security

63,809

63,807

Other creditors

12,439

16,936

77,844

103,110

8.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Other creditors

-

1,596

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary A shares

£1

100

100

100

Ordinary B shares

£1

100

100

200

200

10.	Related party disclosures

During the year, total dividends of £201,200 (2020 - £106,000) were paid to the directors .

11.	Ultimate controlling party

The company is controlled by its directors.