Accounts filed on 31-12-2020


ACCOUNTS
FOR THE YEAR ENDED 31/12/2020





DIRECTORS
J J Littlewood
G A Littlewood



SECRETARY
Mr G A Littlewood


REGISTERED OFFICE
Ponsford Road
Minehead
Somerset
TA24 5DX


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01243441



ACCOUNTANTS
Ian Dalzell Ltd
Broughton Lodge Mews
Field Broughton
Grange-over-Sands
Cumbria
LA11 6HL


ACCOUNTS
FOR THEYEARENDED31/12/2020



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Intangible assets	2		1,377		-
Tangible assets	3		467,137		327,363
Investment Assets	4		1,070		1,070

			469,584		328,433

CURRENT ASSETS
Stock		317,576		295,630
Debtors	6	1,048,594		801,523
Cash at bank and in hand		91,079		150,314
		1,457,249		1,247,467
CREDITORS: Amounts falling due within one year	7	538,245		424,839
NET CURRENT ASSETS			919,004		822,628
TOTAL ASSETS LESS CURRENT LIABILITIES			1,388,588		1,151,061


CREDITORS: Amounts falling due after more than one year	8		57,095		58,579


PROVISIONS FOR LIABILITIES AND CHARGES	10		87,381		60,662

NET ASSETS			1,244,112		1,031,820

CAPITAL AND RESERVES

Called up share capital	11		100		100
Profit and loss account			1,244,012		1,031,720
SHAREHOLDERS' FUNDS			1,244,112		1,031,820

For the year ending 31/12/2020 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 24/06/2021 and signed on their behalf by



.............................
J J Littlewood
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 15%
Plant and Machinery		reducing balance 15 to 33.3%


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1d. Pension Costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The cost of contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are not made for temporary fluctuations in value but where a value is deemed to be materially lower, then a provison is made.


1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.


4. FINANCIAL ASSETS

	Other
	Investments	Total
	£	£
Cost
At 01/01/2020	1,070	1,070
At 31/12/2020	1,070	1,070
Amortisation
Net Book Amounts
At 31/12/2020	1,070	1,070
At 31/12/2019	1,070	1,070
Other Investment Assets comprise Deactivated Weapons.


6. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	310,344	151,715
Amounts due from group companies	643,346	588,564
Prepayments	94,904	61,244
	1,048,594	801,523
Amount owing from Group Company due after one year £643,346 (2019: £588,564)


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	29,026	43,598
VAT	18,879	50,753
PAYE control	16,406	20,337
Bank loans and overdrafts	827	2,809
Bounce Back Bank Loan	50,000	-
Hire purchase	23,111	33,798
Payments received on account	13,095	-
Trade creditors	341,347	222,383
Pension schemes	1,167	1,253
Accruals	44,387	49,908
	538,245	424,839

Included in Other Creditors is £23,111 (2019: £33.798) is repayable by instalments


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Hire purchase >1yr	45,146	49,014
Deferred income>1yr	11,949	9,565
	57,095	58,579

£45,146 (2019: £49,014) is repayable by instalments after one year and within five years


11. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100


12. CONTROLLING PARTY
The company is a wholly owned subsidiary of JJL Holding Company Ltd, a company registered in England.

13. RELATED PARTY TRANSACTIONS

Management Charges of £70,800 (2019: £70,800) were paid to the Parent Company. This is in addition to Dividends paid.
Amounts owed by the Parent Company at the balance sheet date were 2020: £643,346; 2019: £588,564.