Company Registration No. 12377564 (England and Wales)
Campania and Jones Ltd
Unaudited accounts
for the year ended 31 December 2021
Campania and Jones Ltd
Unaudited accounts
Contents
Campania and Jones Ltd
Company Information
for the year ended 31 December 2021
Company Number
12377564 (England and Wales)
Registered Office
23 Ezra Street
London
E2 7RH
United Kingdom
Accountants
HR4K Accountants Ltd
Unit 11 Holts Court
Threshers Bush
Harlow
Essex
CM17 0NS
Campania and Jones Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
96,659
7,797
Cash at bank and in hand
518,342
40,412
Creditors: amounts falling due within one year
(404,141)
(36,697)
Net current assets
120,451
13,349
Called up share capital
100
100
Profit and loss account
217,010
21,046
Shareholders' funds
217,110
21,146
For the year ending 31 December 2021 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 her 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 20 September 2022 and were signed on its behalf by
E Iantosca
Director
Company Registration No. 12377564
Campania and Jones Ltd
Notes to the Accounts
for the year ended 31 December 2021
Campania and Jones Ltd is a private company, limited by shares, registered in England and Wales, registration number 12377564. The registered office is 23 Ezra Street, London, E2 7RH, United Kingdom.
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.
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 23 December 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Campania and Jones Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
4,324
-
3,473
7,797
Additions
75,000
30,088
990
106,078
At 31 December 2021
79,324
30,088
4,463
113,875
Charge for the year
8,581
7,520
1,115
17,216
At 31 December 2021
8,581
7,520
1,115
17,216
At 31 December 2021
70,743
22,568
3,348
96,659
At 31 December 2020
4,324
-
3,473
7,797
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
142,163
7,101
Other creditors
261,978
29,596
7
Average number of employees
During the year the average number of employees was 20 (2020: 15).
