JOHN WHITE (NORTHAMPTON) LIMITED

JOHN WHITE (NORTHAMPTON) LIMITED

JOHN WHITE (NORTHAMPTON) LIMITED - Company Information

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JOHN WHITE (NORTHAMPTON) LIMITED

Company Registration Number:
03679619 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

JOHN WHITE (NORTHAMPTON) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

JOHN WHITE (NORTHAMPTON) LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 6,077 7,110
Total fixed assets: 6,077 7,110
Current assets
Stocks: 172,860 144,704
Debtors:   220,152 367,107
Cash at bank and in hand: 449,279 159,029
Total current assets: 842,291 670,840
Creditors: amounts falling due within one year:   (391,750) (302,773)
Net current assets (liabilities): 450,541 368,067
Total assets less current liabilities: 456,618 375,177
Provision for liabilities: (1,140) (1,140)
Total net assets (liabilities): 455,478 374,037
Capital and reserves
Called up share capital: 1,112 1,108
Share premium account: 48,980 48,980
Other reserves: 2 2
Profit and loss account: 405,384 323,947
Shareholders funds: 455,478 374,037

The notes form part of these financial statements

JOHN WHITE (NORTHAMPTON) LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 September 2020
and signed on behalf of the board by:

Name: Mr. C.B. Dunkley
Status: Director

The notes form part of these financial statements

JOHN WHITE (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses

Other accounting policies

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Website - 33 percent reducing balanceFixtures and fittings - 25 percent reducing balanceEquipment - 25 percent reducing balance

JOHN WHITE (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 6 7

JOHN WHITE (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 106,475
Additions 992
At 31 December 2019 107,467
Depreciation
At 01 January 2019 99,365
Charge for year 2,025
At 31 December 2019 101,390
Net book value
At 31 December 2019 6,077
At 31 December 2018 7,110

JOHN WHITE (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Financial commitments

The total future minimum lease payments under non-cancellable operating leases are as followsLater than 1 year and not later than 5 years2019 £30,0002018 £30,000

JOHN WHITE (NORTHAMPTON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Related party transactions

Name of the related party: Mr C Dunkley
Relationship:
Director
Description of the Transaction: The following dividends were awarded during the year to the directors and shareholders
£
Balance at 01 January 2019 23,000
Balance at 31 December 2019 28,749
Name of the related party: Mrs C Dunkley
Relationship:
Shareholder
Description of the Transaction: The following dividends were awarded during the year to the directors and shareholders
£
Balance at 01 January 2019 2,300
Balance at 31 December 2019 28,749
Name of the related party: Mr S Parrish
Relationship:
Director
Description of the Transaction: The following dividends were awarded during the year to the directors and shareholders
£
Balance at 01 January 2019 12,250
Balance at 31 December 2019 15,499
Name of the related party: Mrs K Parrish
Relationship:
Shareholder
Description of the Transaction: The following dividends were awarded during the year to the directors and shareholders
£
Balance at 01 January 2019 12,250
Balance at 31 December 2019 15,499