Josie's Petersfield Limited - Accounts to registrar (filleted) - small 18.2

JOSIE'S PETERSFIELD LIMITED

Unaudited Financial Statements for the Year Ended 31st December 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C P Latouf

Mrs J B Latouf

REGISTERED OFFICE:

6 High Street

Bishops Waltham

Southampton

Hampshire

SO32 1AA

REGISTERED NUMBER:

10069301 (England and Wales)

ACCOUNTANTS:

Hall & Co

Chartered Accountants

Amplevine House

Dukes Road

Southampton

Hampshire

SO14 0ST

FIXED ASSETS

Tangible assets

4

180,240

187,630

CURRENT ASSETS

Stocks

2,030

2,853

Debtors

5

11,316

15,473

Cash at bank and in hand

75,563

83,870

88,909

102,196

CREDITORS

Amounts falling due within one year

6

139,974

245,897

NET CURRENT LIABILITIES

(51,065

)

(143,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

129,175

43,929

PROVISIONS FOR LIABILITIES

13,633

9,430

NET ASSETS

115,542

34,499

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

113,542

32,499

SHAREHOLDERS' FUNDS

115,542

34,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 4th September 2020 and were signed on its behalf by:

C P Latouf - Director

1.	STATUTORY INFORMATION

Josie's Petersfield 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 cost, 15% on reducing balance and 5% on cost

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 24 (2018 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2019

219,644

Additions

19,958

At 31st December 2019

239,602

DEPRECIATION

At 1st January 2019

32,014

Charge for year

27,348

At 31st December 2019

59,362

NET BOOK VALUE

At 31st December 2019

180,240

At 31st December 2018

187,630

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

385

Other debtors

11,316

15,088

11,316

15,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

17,891

25,440

Amounts owed to group undertakings

52,055

179,178

Taxation and social security

51,459

29,213

Other creditors

18,569

12,066

139,974

245,897

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C P Latouf.