| EJR Group Limited |
| Notes to the Accounts |
| for the year ended 30 November 2019 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the provision of services, which is recognised when the service is performed. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
25% reducing balance |
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Investments |
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Investments in subsidiaries, are measured at cost less any accumulated impairment losses. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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| 2 |
Employees |
2019 |
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2018 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 December 2018 |
1 |
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At 30 November 2019 |
1 |
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Amortisation |
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At 30 November 2019 |
- |
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Net book value |
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At 30 November 2019 |
1 |
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At 30 November 2018 |
1 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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| 4 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
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Cost |
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At 1 December 2018 |
14,380 |
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At 30 November 2019 |
14,380 |
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Depreciation |
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At 1 December 2018 |
6,974 |
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Charge for the year |
1,852 |
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At 30 November 2019 |
8,826 |
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Net book value |
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At 30 November 2019 |
5,554 |
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At 30 November 2018 |
7,406 |
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| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Cost |
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At 1st December 2018 |
10,100 |
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Revaluation |
- |
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At 30 November 2019 |
10,100 |
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Historical cost |
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| 6 |
Debtors |
2019 |
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2018 |
| £ |
£ |
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Amounts owed by group undertakings |
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1,254,752 |
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1,415,898 |
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Other debtors |
3,547 |
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- |
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1,258,299 |
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1,415,898 |
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| 7 |
Creditors: amounts falling due within one year |
2019 |
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2018 |
| £ |
£ |
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Corporation tax |
17,790 |
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22,271 |
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Other taxes and social security costs |
- |
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11,430 |
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Accruals and deferred income |
6,212 |
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500 |
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24,002 |
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34,201 |
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| 8 |
Controlling party |
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The ultimate controlling parties are S K Beechener and K Beechener. |
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| 9 |
Other information |
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EJR Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Lodge,Chester Road |
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Castle Bromwich |
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Birmingham |
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West Midlands |
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B36 9DE |
