Cave J Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06381639 (England and Wales)

Financial Statements

for the Year Ended 30 November 2019

for

Cave J Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Cave

SECRETARY:

REGISTERED OFFICE:

Lodge Park

Lodge Lane

Colchester

Essex

CO45NE

REGISTERED NUMBER:

06381639 (England and Wales)

ACCOUNTANTS:

Wood & Disney Limited

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

FIXED ASSETS

Tangible assets

4

45,900

61,200

CURRENT ASSETS

Stocks

7,780

67,048

Debtors

5

135,700

89,421

Cash at bank

409

-

143,889

156,469

CREDITORS

Amounts falling due within one year

6

31,334

35,993

NET CURRENT ASSETS

112,555

120,476

TOTAL ASSETS LESS CURRENT LIABILITIES

158,455

181,676

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

158,454

181,675

SHAREHOLDERS' FUNDS

158,455

181,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 on 23 January 2020 and were signed by:

J Cave - Director

1.	STATUTORY INFORMATION

Cave J Limited 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

and 30 November 2019

107,510

DEPRECIATION

At 1 December 2018

46,310

Charge for year

15,300

At 30 November 2019

61,610

NET BOOK VALUE

At 30 November 2019

45,900

At 30 November 2018

61,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

75,172

89,421

Other debtors

60,528

-

135,700

89,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Taxation and social security

30,334

34,938

Other creditors

1,000

1,055

31,334

35,993

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,750 were paid to the director .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J Cave.