Derek Jones Butchers Ltd - Accounts to registrar (filleted) - small 18.2
Derek Jones Butchers Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2020 |
for |
Derek Jones Butchers Ltd |
Derek Jones Butchers Ltd (Registered number: 04851802) |
Contents of the Financial Statements |
for the Year Ended 31 August 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Derek Jones Butchers Ltd |
Company Information |
for the Year Ended 31 August 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Pera Business Park |
Nottingham Road |
Melton Mowbray |
Leicestershire |
LE13 0PB |
Derek Jones Butchers Ltd (Registered number: 04851802) |
Balance Sheet |
31 August 2020 |
31.8.20 | 31.8.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Prepayments and accrued income |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Derek Jones Butchers Ltd (Registered number: 04851802) |
Balance Sheet - continued |
31 August 2020 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
Derek Jones Butchers Ltd (Registered number: 04851802) |
Notes to the Financial Statements |
for the Year Ended 31 August 2020 |
1. | STATUTORY INFORMATION |
Derek Jones Butchers Ltd is a |
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 |
Turnover |
Turnover represents net sales of goods, excluding value added tax |
Goodwill |
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 |
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. |
Depreciation is provided on all tangible assets, other than investment properties and freehold land, at rates |
calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful |
life, as follows: |
Motor Vehicles - 20% Reducing Balance Basis |
Plant & Equipment - 25% Reducing Balance Basis |
Office Equipment - 20% Reducing Balance Basis |
Furniture & Fixtures - 20% Reducing Balance Basis |
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. |
Derek Jones Butchers Ltd (Registered number: 04851802) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2020 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 September 2019 |
and 31 August 2020 |
AMORTISATION |
At 1 September 2019 |
and 31 August 2020 |
NET BOOK VALUE |
At 31 August 2020 |
At 31 August 2019 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2019 |
Additions |
At 31 August 2020 |
DEPRECIATION |
At 1 September 2019 |
Charge for year |
At 31 August 2020 |
NET BOOK VALUE |
At 31 August 2020 |
At 31 August 2019 |
6. | STOCKS |
31.8.20 | 31.8.19 |
£ | £ |
Stocks |
Derek Jones Butchers Ltd (Registered number: 04851802) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2020 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.20 | 31.8.19 |
£ | £ |
Trade debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.20 | 31.8.19 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | PROVISIONS FOR LIABILITIES |
31.8.20 | 31.8.19 |
£ | £ |
Deferred tax | 8,526 | 10,607 |
Deferred |
tax |
£ |
Balance at 1 September 2019 |
Credit to Income Statement during year | ( |
) |
Balance at 31 August 2020 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.20 | 31.8.19 |
value: | £ | £ |
Ordinary £1 | 1 | 100 | 100 |
11. | RELATED PARTY DISCLOSURES |
Included in other creditors is an amount of £659 (2019: £67) due to Mr D W Jones and Miss H F Jones. The |
amounts due to the directors are interest free and repayable on demand. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Miss H Jones, a director of the company who owns 75% share of the issued share |
capital. |