Jewells Limited - Accounts to registrar (filleted) - small 18.2
Jewells Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
FOR |
JEWELLS LIMITED |
JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JEWELLS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
St. John's House, |
Castle Street, |
Taunton |
Somerset |
TA1 4AY |
JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
BALANCE SHEET |
31 DECEMBER 2019 |
31.12.19 | 31.12.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
BALANCE SHEET - continued |
31 DECEMBER 2019 |
The financial statements were approved by the Board of Directors and authorised for issue on its behalf by: |
JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
1. | STATUTORY INFORMATION |
Jewells Limited is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Government grants |
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit |
and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the |
profit and loss account as the related expenditure is incurred. |
Going concern |
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependant |
upon the continued support of the director who has undertaken to provide such support for the foreseeable future. |
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their |
recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and |
long term liabilities as current assets. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
DEPRECIATION |
At 1 January 2019 |
Charge for year |
At 31 December 2019 |
NET BOOK VALUE |
At 31 December 2019 |
At 31 December 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Other debtors |
VAT |
Deferred tax asset |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Trade creditors |
Tax |
Other creditors |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Other loans - 1-2 years |
JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2019 | ( |
) |
Profit for the year |
At 31 December 2019 |
9. | RELATED PARTY DISCLOSURES |
G B Partners Ltd |
Shareholder of Jewells Limited |
During the 31.12.13 accounting period G B Partners Ltd lent Jewells Limited £169,985. This loan was repaid in full during |
this year. The final payment was made by Hemyock Engineering Limited therefore the amount outstanding in Other |
Creditors reflects this final payment. On repayment of the loan, G B Partners Ltd relinquished all responsibilities as a |
shareholder and cease all interest in the company Jewells Limited. |