Juicy Products Limited Company accounts
Juicy Products Limited Company accounts
COMPANY REGISTRATION NUMBER:
08891017
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Financial Statements |
Year ended 29 February 2020
Contents |
Page |
Director's report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
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Director's Report |
Year ended 29 February 2020
The director presents his report and the unaudited financial statements of the company for the year ended
29 February 2020
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
3 November 2020
and signed on behalf of the board by:
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Director |
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Registered office: |
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United Kingdom |
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Statement of Income and Retained Earnings |
Year ended 29 February 2020
2020 |
2019 |
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Note |
£ |
£ |
Rental income |
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Property outgoings |
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Gross profit |
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Administrative expenses |
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Operating profit |
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Profit before taxation |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
3 November 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08891017
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Notes to the Financial Statements |
Year ended 29 February 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Tangible assets
Freehold property |
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£ |
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Cost |
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At 1 March 2019 and 29 February 2020 |
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Depreciation |
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At 1 March 2019 and 29 February 2020 |
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Carrying amount |
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At 29 February 2020 |
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At 28 February 2019 |
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5.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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