Jackets (Caterers) Limited
Jackets (Caterers) Limited
Registered number: 01457447
Unaudited Financial Statements
For The Year Ended 30 November 2019
Jackets (Caterers) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2019
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Jackets (Caterers) Limited
Balance Sheet
As at
30 November 2019
Balance Sheet
Registered number:
01457447
For the year ending 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2019 | 2018 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 261,039 | 144,273 | |||
Page 1
Jackets (Caterers) Limited
Balance Sheet (continued)
As at
30 November 2019
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Jackets (Caterers) Limited
Notes to the Financial Statements
For The Year Ended 30 November 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2018: 3)
Page 3
Jackets (Caterers) Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2019
3.
Investments
Unlisted | |
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£ | |
Cost | |
As at |
500 |
Disposals | (500) |
As at |
- |
Provision | |
As at |
- |
As at |
- |
Net Book Value | |
As at |
- |
As at |
500 |
During the year, Jackets (Caterers) Limited disposed of its investment of 50% of the share capital of Shepherd Systems Limited.
In the previous year, at 31 October 2018 the aggregate capital and reserves of Shepherd Systems Limited were £65,386 and the profit after tax at that date was £8,322.
The company is registered in England and Wales and its principal activities were the provision of accommodation on barges.
4.
Debtors
2019 | 2018 | ||
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£ | £ | ||
Due within one year | |||
Other debtors |
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Amounts owed by associates |
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Due after more than one year | |||
Other debtors |
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Other Debtors represent amounts owing from Shepherd Systems Limited and are repayable over 5 years from the start of the Loan on 28 June 2019..
Page 4
Jackets (Caterers) Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2019
5.
Creditors: Amounts Falling Due Within One Year
2019 | 2018 | ||
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£ | £ | ||
Corporation tax |
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Accruals and deferred income |
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Directors' loan accounts |
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7.
Dividends
2019 | 2018 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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112,360 | 67,416 | ||
8.
Controlling Party
The company's controlling parties are Malcolm Johnston and Ilija Rodic by virtue of each owning 44.5% of the issued share capital in the company.
9.
General Information
Jackets (Caterers) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01457447 . The registered office is The Downs Ashton Road, South Cerney, Cirencester, Gloucestershire, GL7 6DD.
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