J&C Dickinson Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08458595 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

J&C DICKINSON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Dickinson

REGISTERED OFFICE:

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

BUSINESS ADDRESS:

6 Lichfield Close

Arley

Coventry

West Midlands

CV7 8PU

REGISTERED NUMBER:

08458595 (England and Wales)

ACCOUNTANTS:

Astbury Accountants Limited

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

FIXED ASSETS

Tangible assets

4

688

918

CURRENT ASSETS

Stocks

-

22,189

Debtors

5

4,261

19,457

Cash at bank

9,003

18

13,264

41,664

CREDITORS

Amounts falling due within one year

6

13,749

34,773

NET CURRENT (LIABILITIES)/ASSETS

(485

)

6,891

TOTAL ASSETS LESS CURRENT
LIABILITIES

203

7,809

PROVISIONS FOR LIABILITIES

131

156

NET ASSETS

72

7,653

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

70

7,651

SHAREHOLDERS' FUNDS

72

7,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 14 May 2020 and were signed by:

J Dickinson - Director

1.	STATUTORY INFORMATION

J&C Dickinson 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 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.

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost

includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

(i) Cash and cash Equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with

banks, and bank overdrafts.

(ii) Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2019

and 31 March 2020

1,840

DEPRECIATION

At 1 April 2019

922

Charge for year

230

At 31 March 2020

1,152

NET BOOK VALUE

At 31 March 2020

688

At 31 March 2019

918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Trade debtors

-

16,325

Other debtors

4,261

3,132

4,261

19,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Bank loans and overdrafts

-

19,943

Trade creditors

-

1,674

Taxation and social security

12,524

6,258

Other creditors

1,225

6,898

13,749

34,773

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

2

Ordinary

£1

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

2020

2019

£

J Dickinson

Balance outstanding at start of year

(5,698

)

(4,161

)

Amounts advanced

9,959

-

Amounts repaid

-

(1,537

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,261

(5,698

)

J&C Dickinson Ltd - Accounts to registrar (filleted) - small 18.2

J&C Dickinson Ltd - Accounts to registrar (filleted) - small 18.2