CJ'S BUTTER UK LIMITED 31/03/2020 iXBRL
CJ'S BUTTER UK LIMITED 31/03/2020 iXBRL
Company registration number:
SC473364
Trading as
CJ's Butter
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
|
|
|
||
Company number |
|
|
Registered office |
|
|
|
||
|
||
Business address |
|
|
|
||
|
||
Accountants |
|
|
Chartered Accountants | ||
59 Admiral Street | ||
Glasgow | ||
G41 1HP | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of CJ'S BUTTER UK LIMITED
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CJ'S BUTTER UK LIMITED for the year ended 31 March 2020 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of CJ'S BUTTER UK LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of CJ'S BUTTER UK LIMITED and state those matters that we have agreed to state to the board of directors of CJ'S BUTTER UK LIMITED as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CJ'S BUTTER UK LIMITED and its board of directors as a body for our work or for this report.
It is your duty to ensure that CJ'S BUTTER UK LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CJ'S BUTTER UK LIMITED. You consider that CJ'S BUTTER UK LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of CJ'S BUTTER UK LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Chartered Accountants
59 Admiral Street
Glasgow
G41 1HP
1 March 2021
Abridged statement of financial position
31 March 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Stocks |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Shareholders deficit |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 March 2021
, and are signed on behalf of the board by:
Director
Director
Company registration number:
SC473364
Notes to the financial statements
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 51 Lochlea Road, Glasgow, G43 2YB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
Stocks
Financial instruments
4.
Tangible assets
£ | ||
Cost | ||
At 1 April 2019 and 31 March 2020 |
|
|
_______ | ||
Depreciation | ||
At 1 April 2019 and 31 March 2020 |
|
|
_______ | ||
Carrying amount | ||
At 31 March 2020 | - | |
_______ | ||
At 31 March 2019 | - | |
_______ | ||
5.
Directors advances, credits and guarantees
During the year under review no advances, credits or guarantees were granted to, or on behalf of, the directors.
6.
Controlling party
The company's share capital is controlled by
Mr. & Mrs. Wallace
.
7.
Going Concern
The company presently has an excess of liabilities over assets and so relies upon its shareholders for financial support. Such support has been forthcoming and so it has been felt appropriate to produce these accounts on the 'Going Concern' basis.