G. AND J.CURTIS LIMITED - Accounts

G. AND J.CURTIS LIMITED - Accounts

G. AND J.CURTIS LIMITED - Company Information

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Registered Number: 00721214
England and Wales

 

 

 

G. AND J.CURTIS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2022

End date: 31 March 2023

G. AND J.CURTIS LIMITED
Contents Page
For the period ended 31 March 2023
Director Djilali Zidane
Registered Number 00721214
Registered Office 1701 High Street
Knowle
West Midlands
B93 0LH
Accountants Matthew J Elmes & Co
11 Swan Street
Alcester
Warwickshire
B49 5DP
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 March 2023
Principal activities
Principal activity of the company during the financial period was of the sale of bread and other confectionery.
Director
The director who served the company throughout the period was as follows:
Djilali Zidane
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Djilali Zidane
Director

Date approved: 12 September 2023
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of G. AND J.CURTIS LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G. AND J.CURTIS LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of G. AND J.CURTIS LIMITED , as a body, in accordance with the terms of our engagement letter dated 12 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of G. AND J.CURTIS LIMITED and state those matters that we have agreed to state to the Board of Directors of G. AND J.CURTIS LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G. AND J.CURTIS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G. AND J.CURTIS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G. AND J.CURTIS LIMITED . You consider that G. AND J.CURTIS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of G. AND J.CURTIS LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2023



....................................................
Matthew J Elmes & Co
11 Swan Street
Alcester
Warwickshire
B49 5DP
12 September 2023
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 449,674    459,932 
449,674    459,932 
Current assets      
Stocks 4 6,000    6,107 
Debtors 5 20,676    18,328 
Cash at bank and in hand 46,115    98,917 
72,791    123,352 
Creditors: amount falling due within one year 6 (138,437)   (166,710)
Net current liabilities (65,646)   (43,358)
 
Total assets less current liabilities 384,028    416,574 
Creditors: amount falling due after more than one year 7 (72,253)   (128,789)
Provisions for liabilities 8 (7,314)   (8,797)
Net assets 304,461    278,988 
 

Capital and reserves 		     
Called up share capital 3,020    3,020 
Profit and loss account 301,441    275,968 
Shareholder's funds 304,461    278,988 
 


For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 12 September 2023 and were signed by:


-------------------------------
Djilali Zidane
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 May 2021 3,020  240,347  243,367 
Profit for the period 124,725  124,725 
Total comprehensive income for the period -  124,725  124,725 
Dividends (89,104) (89,104)
Total investments by and distributions to owners -  (89,104) (89,104)
At 30 April 2022 3,020  275,968  278,988 
At 01 May 2022 3,020  275,968  278,988 
Profit for the period 112,473  112,473 
Total comprehensive income for the period -  112,473  112,473 
Dividends (87,000) (87,000)
Total investments by and distributions to owners -  (87,000) (87,000)
At 31 March 2023 3,020  301,441  304,461 
5
General Information
G. AND J.CURTIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00721214, registration address 1701 High Street, Knowle, West Midlands, B93 0LH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings:  20% on cost
Motor Vehicles:  20% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 22 (2022 : 24).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 May 2022 400,000    51,365    184,370    635,735 
Additions -    -    13,377    13,377 
Disposals -    -    -    - 
At 31 March 2023 400,000    51,365    197,747    649,112 
Depreciation
At 01 May 2022 -    25,214    150,589    175,803 
Charge for period -    10,273    13,362    23,635 
On disposals -    -    -    - 
At 31 March 2023 -    35,487    163,951    199,438 
Net book values
Closing balance as at 31 March 2023 400,000    15,878    33,796    449,674 
Opening balance as at 01 May 2022 400,000    26,151    33,781    459,932 


4.

Stocks

2023
£		   2022
£
Stocks 6,000    6,107 
6,000    6,107 

5.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors 18,366    15,750 
Prepayments & Accrued Income 2,310    2,351 
VAT Receivable 0    227 
20,676    18,328 

6.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade Creditors 35,473    33,513 
Bank Loans & Overdrafts (Secured) 45,281    47,653 
Other Loans 9,588    9,852 
Corporation Tax 30,969    32,441 
PAYE & Social Security 5,623    6,563 
Accrued Expenses 6,875    6,875 
Other Creditors 0    2 
Directors' Current Accounts 2,815    29,811 
VAT 1,813    0 
138,437    166,710 

7.

Creditors: amount falling due after more than one year

2023
£		   2022
£
Bank Loans (1-2 Years) 27,138    45,281 
Bank Loans (2-5 years) 31,660    58,798 
Other Loans (1-2 Years) 9,588    10,295 
Other Loans (2-5 years) 3,867    14,415 
72,253    128,789 

8.

Provisions for liabilities

2023
£		   2022
£
Deferred Tax 7,314    8,797 
7,314    8,797 

6