General InformationT J ENGLISH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08461581, registration address 1a, Charnwood Park, Bridgend, Bridgend, CF31 3PL.
The presentation currency is £ sterling. 1. | Accounting policies Significant accounting policiesThe 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) TurnoverTurnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Government grantsGovernment grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. TaxationTaxation 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 taxationDeferred 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. Intangible assetsIntangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Goodwill Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years. 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:
Plant and machinery etc | 20% straight line |
ProvisionsProvisions 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 year was 2 (2022 : 5). |
3. | Indebtedness Included in creditors over one year are £4,047 (£6,447 2022) of loans which are repayable by instalments after more than 5 years. |
4. | Intangible fixed assets Cost | Goodwill | | Total | | £ | | £ | At 01 April 2022 | 27,000 | | 27,000 | Additions | - | | - | Disposals | - | | - | At 31 March 2023 | 27,000 | | 27,000 | Amortisation | At 01 April 2022 | 24,300 | | 24,300 | Charge for year | 2,700 | | 2,700 | On disposals | - | | - | At 31 March 2023 | 27,000 | | 27,000 | Net book values | At 31 March 2023 | - | | - | At 31 March 2022 | 2,700 | | 2,700 |
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5. | Tangible fixed assets Cost or valuation | Plant and machinery etc | | Total | | £ | | £ | At 01 April 2022 | 7,728 | | 7,728 | Additions | - | | - | Disposals | - | | - | At 31 March 2023 | 7,728 | | 7,728 | Depreciation | At 01 April 2022 | 5,696 | | 5,696 | Charge for year | 844 | | 844 | On disposals | - | | - | At 31 March 2023 | 6,540 | | 6,540 | Net book values | Closing balance as at 31 March 2023 | 1,188 | | 1,188 | Opening balance as at 01 April 2022 | 2,032 | | 2,032 |
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6. | Debtors: amounts falling due within one year | 2023 £ | | 2022 £ |
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Trade Debtors | 20,080 | | 11,479 | Other Debtors | 14,105 | | 3,205 | | 34,185 | | 14,684 |
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7. | Provisions for liabilities | 2023 £ | | 2022 £ |
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Deferred Tax | 386 | | 0 | Charged to Profit & Loss | (160) | | 386 | Pension Provisions | 0 | | 93 | | 226 | | 479 |
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8. | Share Capital Allotted, called up and fully paid
| 2023 £ | | 2022 £ |
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100 Ordinary shares of £1.00 each | 100 | | 100 | | 100 | | 100 |
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