Company Registration No. 04996300 (England and Wales)
J.C. Robinson Limited
Unaudited accounts
for the year ended 31 January 2020
J.C. Robinson Limited
Unaudited accounts
Contents
J.C. Robinson Limited
Company Information
for the year ended 31 January 2020
Directors
John Robinson
Janet Robinson
Sally Ostler
Matthew Ostler
Julie Warkup
Company Number
04996300 (England and Wales)
Registered Office
Eaglehurst
12 Quay Road
Bridlington
East Yorkshire
YO15 2AD
Accountants
J W Smith & Co Ltd
Eaglehurst
12 Quay Road
Bridlington
YO15 2AD
J.C. Robinson Limited
Statement of financial position
as at 31 January 2020
Tangible assets
1,599,423
1,188,746
Inventories
608,449
611,271
Creditors: amounts falling due within one year
(850,960)
(546,222)
Net current (liabilities)/assets
(77,691)
327,954
Total assets less current liabilities
1,521,747
1,516,715
Creditors: amounts falling due after more than one year
(68,125)
(47,634)
Provisions for liabilities
Deferred tax
(296,917)
(195,540)
Net assets
1,156,705
1,273,541
Called up share capital
100
100
Profit and loss account
1,156,605
1,273,441
Shareholders' funds
1,156,705
1,273,541
For the year ending 31 January 2020 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2020 and were signed on its behalf by
John Robinson
Director
Company Registration No. 04996300
J.C. Robinson Limited
Notes to the Accounts
for the year ended 31 January 2020
J.C. Robinson Limited is a private company, limited by shares, registered in England and Wales, registration number 04996300. The registered office is Eaglehurst, 12 Quay Road, Bridlington, East Yorkshire, YO15 2AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% reducing balance
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
J.C. Robinson Limited
Notes to the Accounts
for the year ended 31 January 2020
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2019
50,775
1,983,001
80,666
2,114,442
Additions
-
741,639
1,700
743,339
Disposals
-
(298,500)
(20,449)
(318,949)
At 31 January 2020
50,775
2,426,140
61,917
2,538,832
At 1 February 2019
13,323
861,687
50,686
925,696
Charge for the year
749
233,537
7,030
241,316
On disposals
-
(209,864)
(17,739)
(227,603)
At 31 January 2020
14,072
885,360
39,977
939,409
At 31 January 2020
36,703
1,540,780
21,940
1,599,423
At 31 January 2019
37,452
1,121,314
29,980
1,188,746
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Investments
Other investments
Valuation at 1 February 2019
15
Valuation at 31 January 2020
15
Finished goods
608,449
611,271
J.C. Robinson Limited
Notes to the Accounts
for the year ended 31 January 2020
Trade debtors
123,593
154,042
Other debtors
7,100
81,077
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
484,292
252,751
Obligations under finance leases and hire purchase contracts
118,724
61,225
Trade creditors
119,530
152,192
Taxes and social security
-
51,605
Loans from directors
99,965
-
9
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
68,125
47,634
10
Average number of employees
During the year the average number of employees was 6 (2019: 5).
