Company No: 07236245 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR	Mr R C Addington
	Sir C J P Lawson (Resigned 26 January 2023)

REGISTERED OFFICE	13 Southernhay West
	Exeter
	EX1 1PJ
	England
	United Kingdom

COMPANY NUMBER

07236245 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Centenary House
	Peninsula Park
	Rydon Lane
	Exeter
	Devon EX2 7XE

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	4	1,145		4,548
		1,145		4,548
Current assets
Stocks	5	1,250		1,250
Debtors	6	20,266		111,306
Cash at bank and in hand		136,954		153,490
		158,470		266,046
Creditors: amounts falling due within one year	7	( 41,137)		( 43,433)
Net current assets		117,333		222,613
Total assets less current liabilities		118,478		227,161
Creditors: amounts falling due after more than one year	8	( 22,170)		( 24,912)
Net assets		96,308		202,249
Capital and reserves
Called-up share capital	9	650		1,000
Capital redemption reserve		350		0
Profit and loss account		95,308		201,249
Total shareholders' funds		96,308		202,249

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of JSS (Exeter) Limited (registered number: 07236245) were approved and authorised for issue by the Director on 06 June 2024. They were signed on its behalf by:

Mr R C Addington Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JSS (Exeter) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is 13 Southernhay West, Exeter, EX1 1PJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	4		5

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2023	362,926		362,926
At 31 December 2023	362,926		362,926
Accumulated amortisation
At 01 January 2023	362,926		362,926
At 31 December 2023	362,926		362,926
Net book value
At 31 December 2023	0		0
At 31 December 2022	0		0

4. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 January 2023	24,043		24,043
At 31 December 2023	24,043		24,043
Accumulated depreciation
At 01 January 2023	19,495		19,495
Charge for the financial year	3,403		3,403
At 31 December 2023	22,898		22,898
Net book value
At 31 December 2023	1,145		1,145
At 31 December 2022	4,548		4,548

5. Stocks

	2023		2022
	£		£
Stocks	1,250		1,250

6. Debtors

	2023		2022
	£		£
Trade debtors	1,380		1,494
Other debtors	18,886		109,812
	20,266		111,306

7. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans	3,790		9,891
Trade creditors	11,149		14,718
Taxation and social security	20,088		12,412
Other creditors	6,110		6,412
	41,137		43,433

8. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans	22,170		24,912

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
Nil A ordinary shares (2022: 350 shares of £ 1.00 each)	0		350
550 B ordinary shares of £ 1.00 each	550		550
100 C ordinary shares of £ 1.00 each	100		100
	650		1,000

During the year the company repurchased and cancelled 350 A Ordinary shares with a nominal value of £1 each.

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2023		2022
	£		£
within one year	17,500		17,500
between one and five years	39,375		56,875
	56,875		74,375

11. Related party transactions

Transactions with the entity's director

	2023		2022
	£		£
Advances to director	13,762		9,038

Interest on the directors loan account is charged at 2.25%. The loan is repayable on demand.

The maximum amounts owed to the company by the director during the year were £51,859.