J C Leisure Connexions Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04981584 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

J C Leisure Connexions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Cain

Mrs D James

S Cain

M James

SECRETARY:

Mrs G Cain

REGISTERED OFFICE:

Unit 1, Hamburg Technology Park

Hamburg Road

Sutton Fields

Hull

HU7 0WD

REGISTERED NUMBER:

04981584 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

269,996

413,952

269,996

413,952

CURRENT ASSETS

Stocks

43,890

72,200

Debtors

6

96,146

82,121

Cash at bank and in hand

107,574

220,044

247,610

374,365

CREDITORS

Amounts falling due within one year

7

204,109

335,219

NET CURRENT ASSETS

43,501

39,146

TOTAL ASSETS LESS CURRENT LIABILITIES

313,497

453,098

CREDITORS

Amounts falling due after more than one year

8

-

207,696

NET ASSETS

313,497

245,402

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

313,397

245,302

SHAREHOLDERS' FUNDS

313,497

245,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 22 February 2023 and were signed on its behalf by:

Mrs D James - Director

1.	STATUTORY INFORMATION

J C Leisure Connexions Limited is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.

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 9 (2021 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

140,500

AMORTISATION

At 1 January 2022

and 31 December 2022

140,500

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2022

564,670

29,762

33,791

45,097

673,320

Additions

-

3,810

865

3,728

8,403

Disposals

(200,979

)

-

-

-

(200,979

)

At 31 December 2022

363,691

33,572

34,656

48,825

480,744

DEPRECIATION

At 1 January 2022

173,387

18,154

28,345

39,482

259,368

Charge for year

7,274

3,082

942

2,384

13,682

Charge written back

(62,302

)

-

-

-

(62,302

)

At 31 December 2022

118,359

21,236

29,287

41,866

210,748

NET BOOK VALUE

At 31 December 2022

245,332

12,336

5,369

6,959

269,996

At 31 December 2021

391,283

11,608

5,446

5,615

413,952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

44,302

34,140

Other debtors

51,844

47,981

96,146

82,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

-

68,926

Trade creditors

52,918

109,658

Taxation and social security

64,759

71,783

Other creditors

86,432

84,852

204,109

335,219

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

-

207,696

9.	RELATED PARTY DISCLOSURES

JC Bracelet LLP is a partnership owned by all the directors.

£53,230 is included in Other Creditors.