Jenkinsons Caterers (Stafford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02864589 (England and Wales)

JENKINSONS CATERERS (STAFFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N F Chaplin

J Brammeld

SECRETARY:

J Brammeld

REGISTERED OFFICE:

St Albans Road

Astonfields

Stafford

Staffordshire

ST16 3DR

REGISTERED NUMBER:

02864589 (England and Wales)

FIXED ASSETS

Intangible assets

4

14,062

33,993

Tangible assets

5

13,184

68,416

27,246

102,409

CURRENT ASSETS

Stocks

67,546

100,890

Debtors

6

1,467,624

1,340,398

Cash at bank and in hand

828,656

551,953

2,363,826

1,993,241

CREDITORS

Amounts falling due within one year

7

(1,853,641

)

(1,606,766

)

NET CURRENT ASSETS

510,185

386,475

TOTAL ASSETS LESS CURRENT LIABILITIES

537,431

488,884

CREDITORS

Amounts falling due after more than one year

8

-

(2,594

)

PROVISIONS FOR LIABILITIES

-

(10,142

)

NET ASSETS

537,431

476,148

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

537,429

476,146

SHAREHOLDERS' FUNDS

537,431

476,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2018 and were signed on its behalf by:

N F Chaplin - Director

1.	STATUTORY INFORMATION

Jenkinsons Caterers (Stafford) 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 Section

1A "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.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade

discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from catering is recognised by

reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference

to function date.

Interest receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the

company's right to receive payment is established.

Intangible asset

Intangible assets acquired separately from a business are capitalised at cost. Intangible fixed assets are

amortised over the length of the franchise agreements to which they relate.

Provision is made for any impairment.

Intangible fixed assets consist of costs incurred to maintain the catering rights for various venues across an

agreed period of time as outlined below:

Venue

Cost (£

)

Number of years

Bingley Hall (Stafford Showground)

150,000

16

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

at varying rates on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes

all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and

condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and

slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the

employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that

service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are

expensed as they become payable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 107 (2017 - 122 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

188,000

Disposals

(38,000

)

At 31 March 2018

150,000

AMORTISATION

At 1 April 2017

154,007

Charge for year

19,931

Eliminated on disposal

(38,000

)

At 31 March 2018

135,938

NET BOOK VALUE

At 31 March 2018

14,062

At 31 March 2017

33,993

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

282,859

DEPRECIATION

At 1 April 2017

214,443

Charge for year

55,232

At 31 March 2018

269,675

NET BOOK VALUE

At 31 March 2018

13,184

At 31 March 2017

68,416

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

46,177

DEPRECIATION

At 1 April 2017

31,746

Charge for year

11,544

At 31 March 2018

43,290

NET BOOK VALUE

At 31 March 2018

2,887

At 31 March 2017

14,431

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Trade debtors

123,100

108,354

Other debtors

1,238,005

1,135,156

Directors' current accounts

32,188

35,788

Tax

9,925

9,925

Prepayments and accrued income

64,406

51,175

1,467,624

1,340,398

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Hire purchase contracts

2,594

10,377

Trade creditors

248,234

215,774

Tax

34,267

4,742

Social security and other taxes

32,217

28,075

VAT

178,136

176,704

Accruals and deferred income

1,358,193

1,171,094

1,853,641

1,606,766

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

as restated

£

£

Hire purchase contracts

-

2,594

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

as restated

£

£

2

Ordinary

£1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

as restated

£

£

N F Chaplin

Balance outstanding at start of year

35,788

38,800

Amounts advanced

-

588

Amounts repaid

(3,600

)

(3,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,188

35,788

The director's loan has been provided interest free and is repayable on demand.

11.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet

amount to £7,188 (2017 - £34,123).