J & P Kirkman (Foods) Limited - Accounts to registrar (filleted) - small 18.2

J & P Kirkman (Foods) Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07551757 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

J & P KIRKMAN (FOODS) LIMITED

J & P KIRKMAN (FOODS) LIMITED (REGISTERED NUMBER: 07551757)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J & P KIRKMAN (FOODS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: M H Morgan





REGISTERED OFFICE: Unit 3
Hillbit House
New Street
Manchester
M40 8AW





REGISTERED NUMBER: 07551757 (England and Wales)





ACCOUNTANTS: Wyatt, Morris, Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

J & P KIRKMAN (FOODS) LIMITED (REGISTERED NUMBER: 07551757)

ABRIDGED BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,346 11,484
5,346 11,484

CURRENT ASSETS
Stocks - 5,623
Debtors 6,980 37,871
Cash at bank and in hand 12 2,867
6,992 46,361
CREDITORS
Amounts falling due within one year 111,824 135,683
NET CURRENT LIABILITIES (104,832 ) (89,322 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,486

)

(77,838

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (99,487 ) (77,839 )
SHAREHOLDERS' FUNDS (99,486 ) (77,838 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J & P KIRKMAN (FOODS) LIMITED (REGISTERED NUMBER: 07551757)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2020 and were signed
by:





M H Morgan - Director


J & P KIRKMAN (FOODS) LIMITED (REGISTERED NUMBER: 07551757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

J & P Kirkman (Foods) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 5 ) .

J & P KIRKMAN (FOODS) LIMITED (REGISTERED NUMBER: 07551757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019
and 31 March 2020 100,000
AMORTISATION
At 1 April 2019
and 31 March 2020 100,000
NET BOOK VALUE

At 31 March 2020 -
At 31 March 2019 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 48,800
Disposals (25,725 )
At 31 March 2020 23,075
DEPRECIATION
At 1 April 2019 37,316
Charge for year 1,782
Eliminated on disposal (21,369 )
At 31 March 2020 17,729
NET BOOK VALUE
At 31 March 2020 5,346
At 31 March 2019 11,484