TRACEY JACOB LIMITED

TRACEY JACOB LIMITED

TRACEY JACOB LIMITED - Company Information

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TRACEY JACOB LIMITED

Company Registration Number:
04892180 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2021

Period of accounts

Start date: 01 October 2020

End date: 30 September 2021

TRACEY JACOB LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2021

Balance sheet
Notes

TRACEY JACOB LIMITED

Balance sheet

As at 30 September 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 738 984
Total fixed assets: 738 984
Current assets
Debtors:   12,120 19,078
Cash at bank and in hand: 11,077 10,944
Total current assets: 23,197 30,022
Creditors: amounts falling due within one year: 4 (6,206) (7,679)
Net current assets (liabilities): 16,991 22,343
Total assets less current liabilities: 17,729 23,327
Creditors: amounts falling due after more than one year: 5 (10,468) (15,000)
Total net assets (liabilities): 7,261 8,327
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,161 8,227
Shareholders funds: 7,261 8,327

The notes form part of these financial statements

TRACEY JACOB LIMITED

Balance sheet statements

For the year ending 30 September 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 June 2022
and signed on behalf of the board by:

Name: Tracey Jacob
Status: Director

The notes form part of these financial statements

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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 - 25% reducing balanceMotor vehicles - 25% reducing balanceIf 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.

Other accounting policies

Financial instrumentsThe Company only enters into basic financial instrument transactions like trade and other debtors creditors. Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

3. Tangible Assets

Total
Cost £
At 01 October 2020 18,887
At 30 September 2021 18,887
Depreciation
At 01 October 2020 17,903
Charge for year 246
At 30 September 2021 18,149
Net book value
At 30 September 2021 738
At 30 September 2020 984

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2021 2020 £ £Corporation tax 4,030 1,965Social security and other taxes 73 4,089Other creditors 2,103 1,625Total 6,206 7,679

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

5. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year 2021 2020 £ £Bank loans and overdrafts 10,468 15,000