J & F PRECISION (SUNDERLAND) LIMITED

J & F PRECISION (SUNDERLAND) LIMITED

J & F PRECISION (SUNDERLAND) LIMITED - Company Information

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1 December 2019 false No description of principal activity Taxfiler 2020.15 07841411business:PrivateLimitedCompanyLtd2019-12-012020-11-30 078414112019-11-30 078414112019-12-012020-11-30 07841411business:AuditExempt-NoAccountantsReport2019-12-012020-11-30 07841411business:FullAccounts2019-12-012020-11-30 078414112020-11-30 07841411business:Director12019-12-012020-11-30 07841411business:RegisteredOffice2019-12-012020-11-30 078414112019-11-30 07841411core:WithinOneYear2020-11-30 07841411core:WithinOneYear2019-11-30 07841411core:ShareCapital2020-11-30 07841411core:ShareCapital2019-11-30 07841411core:RetainedEarningsAccumulatedLosses2020-11-30 07841411core:RetainedEarningsAccumulatedLosses2019-11-30 07841411business:SmallEntities2019-12-012020-11-30 07841411countries:EnglandWales2019-12-012020-11-30 07841411core:PlantMachinery2019-11-30 07841411core:MotorVehicles2019-11-30 07841411core:PlantMachinery2020-11-30 07841411core:MotorVehicles2020-11-30 07841411core:PlantMachinery2019-12-012020-11-30 07841411core:MotorVehicles2019-12-012020-11-30 07841411business:OrdinaryShareClass12019-12-012020-11-30 07841411business:OrdinaryShareClass12018-12-012019-11-30 078414112018-12-012019-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07841411 (England and Wales)
J & F PRECISION (SUNDERLAND) LIMITED Unaudited accounts for the year ended 30 November 2020
J & F PRECISION (SUNDERLAND) LIMITED Unaudited accounts Contents
Page
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J & F PRECISION (SUNDERLAND) LIMITED Company Information for the year ended 30 November 2020
Director
Mr Peter James
Company Number
07841411 (England and Wales)
Registered Office
unit 4a rivergreen ind estate pallion Sunderland Tyne and Wear sr4 6ad
Accountants
Thompson Accountancy Services (Sunderland) Limited 33 Mere Knolls Road Roker Sunderland Tyne&Wear SR6 9LG
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J & F PRECISION (SUNDERLAND) LIMITED Statement of financial position as at 30 November 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
69,489 
84,743 
Current assets
Inventories
5
4,200 
4,200 
Debtors
6
11,089 
33,741 
Cash at bank and in hand
92,539 
84,167 
107,828 
122,108 
Creditors: amounts falling due within one year
7
(80,267)
(132,223)
Net current assets/(liabilities)
27,561 
(10,115)
Net assets
97,050 
74,628 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
96,950 
74,528 
Shareholders' funds
97,050 
74,628 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 4 February 2021 and were signed on its behalf by
Mr Peter James Director Company Registration No. 07841411
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J & F PRECISION (SUNDERLAND) LIMITED Notes to the Accounts for the year ended 30 November 2020
1
Statutory information
J & F PRECISION (SUNDERLAND) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07841411. The registered office is unit 4a rivergreen ind estate , pallion, Sunderland, Tyne and Wear, sr4 6ad.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2019
349,372 
26,837 
376,209 
At 30 November 2020
349,372 
26,837 
376,209 
Depreciation
At 1 December 2019
264,629 
26,837 
291,466 
Charge for the year
15,254 
- 
15,254 
At 30 November 2020
279,883 
26,837 
306,720 
Net book value
At 30 November 2020
69,489 
- 
69,489 
At 30 November 2019
84,743 
- 
84,743 
5
Inventories
2020 
2019 
£ 
£ 
Finished goods
4,200 
4,200 
4,200 
4,200 
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J & F PRECISION (SUNDERLAND) LIMITED Notes to the Accounts for the year ended 30 November 2020
6
Debtors
2020 
2019 
£ 
£ 
Trade debtors
10,926 
32,218 
Other debtors
163 
1,523 
11,089 
33,741 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
2,883 
1,248 
Taxes and social security
7,635 
16,075 
Accrued preference dividends
1,830 
23,190 
Loans from directors
67,919 
91,710 
80,267 
132,223 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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