Jacob And Jacob Limited Accounts


Jacob And Jacob Limited Filleted Accounts Cover
Jacob And Jacob Limited
Company No. 09240304
Information for Filing with The Registrar
30 September 2019
Jacob And Jacob Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 September 2019.
Principal activities
The principal activity of the company during the year under review was provision of electrical services and electrical installation.
Director
The Director who served at any time during the year was as follows:
C. Jacob
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C. Jacob
Director
21 October 2020
Jacob And Jacob Limited Balance Sheet Registrar
at
30 September 2019
Company No.
09240304
Notes
2019
2018
£
£
Current assets
Debtors
4
3603,897
Cash at bank and in hand
20,79936,077
21,15939,974
Creditors: Amount falling due within one year
5
(14,164)
(26,134)
Net current assets
6,99513,840
Total assets less current liabilities
6,99513,840
Net assets
6,99513,840
Capital and reserves
Called up share capital
11
Profit and loss account
6
6,99413,839
Total equity
6,99513,840
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 2019 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 October 2020
And signed on its behalf by:
C. Jacob
Director
21 October 2020
Jacob And Jacob Limited Notes to the Accounts Registrar
for the year ended 30 September 2019
1
General information
Its registered number is: 09240304
Its registered office is:
Suite F8, Hartsbourne House
Carpenders Park
Watford
Herts
WD19 5EF
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3
Employees
2019
2018
Number
Number
The average number of persons employed during the year :
11
4
Debtors
2019
2018
£
£
Trade debtors
3603,897
3603,897
5
Creditors:
amounts falling due within one year
2019
2018
£
£
Trade creditors
4,8922,012
Corporation tax
2,0247,825
Other taxes and social security
2,0215,360
Loans from directors
4,0459,766
Accruals and deferred income
1,1821,171
14,16426,134
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
7
Dividends
2019
2018
£
£
Dividends for the period:
Dividends paid in the period
15,000
15,000
15,000
15,000
Dividends by type:
Equity dividends
15,00015,000
15,000
15,000
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