Jay's Delicatessen Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07635713 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

JAY'S DELICATESSEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss J Begum

REGISTERED OFFICE:

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

REGISTERED NUMBER:

07635713 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

FIXED ASSETS

Property, plant and equipment

4

2,692

3,451

CURRENT ASSETS

Inventories

5

4,001

2,823

Debtors

6

1,171

1,737

Cash at bank and in hand

4,200

1,501

9,372

6,061

CREDITORS

Amounts falling due within one year

7

15,044

19,623

NET CURRENT LIABILITIES

(5,672

)

(13,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,980

)

(10,111

)

CREDITORS

Amounts falling due after more than one year

8

26,625

38,725

NET LIABILITIES

(29,605

)

(48,836

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

(29,606

)

(48,837

)

SHAREHOLDERS' FUNDS

(29,605

)

(48,836

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 February 2018 and were signed by:

Miss J Begum - Director

1.	STATUTORY INFORMATION

Jay's Delicatessen Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of food and drink, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Going concern

These accounts are prepared on a going concern basis given the continued support of the director, bank and loan

creditor.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2016

5,816

14,144

171

20,131

Additions

-

1,135

-

1,135

At 31 May 2017

5,816

15,279

171

21,266

DEPRECIATION

At 1 June 2016

4,534

11,975

171

16,680

Charge for year

641

1,253

-

1,894

At 31 May 2017

5,175

13,228

171

18,574

NET BOOK VALUE

At 31 May 2017

641

2,051

-

2,692

At 31 May 2016

1,282

2,169

-

3,451

5.	INVENTORIES

2017

2016

£

£

Stocks

4,001

2,823

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,171

1,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

564

1,012

Trade creditors

6,552

7,514

Social security and other taxes

557

1,941

Net wages control

-

604

VAT

1,223

751

Other Creditors

3,118

3,247

Director's current account

1,239

2,795

Accruals and deferred income

1,791

1,759

15,044

19,623

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Director's long term loan account

9,000

22,000

Loan creditor

17,625

16,725

26,625

38,725

Creditors include an amount of £9,000 (2015: £22,000) due to the director, Miss J Begum. This loan is interest

free and has no set date for repayment.

Also Included in creditors is a loan creditor of £15,000 with interest payable at 6% flat rate. The loan is repayable

within 5 years with accumulated interest rolled up and payment thereof deferred until settlement.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 June 2016

(48,837

)

Profit for the year

19,231

At 31 May 2017

(29,606

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J Begum by virtue of her 100% shareholding.