Jefferson Gore Ltd. Accounts

JEFFERSON GORE LTD - Company Information






Jefferson Gore Ltd.

	Company No. 09512977
		Information for Filing with The Registrar
		31 March 2022

The Director presents her report and the accounts for the year ended 31 March 2022.

Principal activities
The principal activity of the company during the year under review was Financial Services Administration.




Director

The Director who served at any time during the year was as follows:

N.R. Jefferson





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

N.R. Jefferson
Director
31 March 2022

at	31 March 2022
Company No.		09512977	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	10,786	14,381


				10,786	14,381
Current assets

	Debtors		5	-	1,200

	Cash at bank and in hand			9,101	4,985
				9,101	6,185
Creditors: Amount falling due within one year			6	(7,705)	(7,782)
Net current assets/(liabilities)				1,396	(1,597)
Total assets less current liabilities				12,182	12,784
Creditors: Amounts falling due after more than one year			7	(9,652)	(12,613)



Net assets				2,530	171

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		8	2,529	170

Total equity				2,530	171



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 March 2022
And signed on its behalf by:
N.R. Jefferson
Director
31 March 2022

for the year ended 31 March 2022

General information

Its registered number is: 09512977

Its registered office is:

4 Chiltern Avenue

Bushey

Herts

WD23 4QA

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Motor vehicles	Total
			£	£
		Cost or revaluation
		At 1 April 2021	23,009	23,009




		At 31 March 2022	23,009	23,009
		Depreciation
		At 1 April 2021	8,628	8,628
		Charge for the year	3,595	3,595



		At 31 March 2022	12,223	12,223
		Net book values
		At 31 March 2022	10,786	10,786
		At 31 March 2021	14,381	14,381

5	Debtors
			2022	2021
			£	£





		Loans to directors	-	1,200


			-	1,200

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£



		Obligations under finance lease and hire purchase contracts	2,961	2,961


		Corporation tax	4,224	4,301
		Other taxes and social security	120	120


		Accruals and deferred income	400	400
			7,705	7,782

7	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£



		Obligations under finance lease and hire purchase contracts	9,652	12,613




			9,652	12,613

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2022	2021
			£	£
		Dividends for the period:
		Dividends paid in the period	14,880	18,000

			14,880	18,000

		Dividends by type:

		Equity dividends	14,880	18,000
			14,880	18,000

10	Advances and credits to directors
		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 April 2021	Advanced	Repaid	At 31 March 2022
				£	£	£	£
		N.R. Jefferson	Loan	1,200	-	(1,200)	-







































				1,200	-	(1,200)	-