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REGISTERED NUMBER:
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TJ & ASSOCIATES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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REGISTERED NUMBER:
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TJ & ASSOCIATES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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TJ & ASSOCIATES LIMITED (REGISTERED NUMBER: 08337583) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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TJ & ASSOCIATES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
TJ & ASSOCIATES LIMITED (REGISTERED NUMBER: 08337583) |
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STATEMENT OF FINANCIAL POSITION |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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TJ & ASSOCIATES LIMITED (REGISTERED NUMBER: 08337583) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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TJ & Associates is a private company, limited by shares, registered in England and Wales. The company's |
registered number is 08337583 and its registered office address is 29 Amberleigh Close, Appleton Thorn, |
Warrington, WA4 4TD. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The director has considered the business risks and believes that the company is well placed to manage these risks |
successfully, thus the going concern basis of accounting has been adopted in preparing these financial statements. |
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Critical judgements and estimates |
In the opinion of the director, there are currently no critical accounting judgements or estimates applied in |
preparing the financial statements. |
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Revenue |
Revenue comprises all income derived from the provision of consultancy services, net of VAT and trade |
discounts. Income is recognised as those services are provided to clients. |
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Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
parties and loans to related parties. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
in the income statement. |
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Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
TJ & ASSOCIATES LIMITED (REGISTERED NUMBER: 08337583) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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S455 tax recoverable | 14,965 | 14,965 |
Director's current account | 107,920 | 121,658 |
Prepayments and accrued income |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Corporation tax |
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VAT |
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Other creditors |
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Accruals and deferred income |
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Accrued expenses |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included within debtors falling due within one year is a director's current account balance of £114,595 (2018 - |
£121,658) in respect of A Jeffries. This advance is unsecured, interest free and repayable upon demand. |
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There were no single advances in either the current period or prior year which the director considers to be |
material in the context of the financial statements as a whole. |