COMPANY REGISTRATION NUMBER:
00783514
Filleted Abridged Financial Statements
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Abridged Statement of Financial Position
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30 June 2019
Current assets
Debtors
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1,732,813
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1,732,813
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------------
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------------
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Net current assets
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1,732,813
|
1,732,813
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------------
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------------
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Total assets less current liabilities
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1,732,813
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1,732,813
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|
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Creditors: amounts falling due after more than one year
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27,921
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27,921
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|
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Provisions
|
903
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903
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------------
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------------
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Net assets
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1,703,989
|
1,703,989
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------------
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------------
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Capital and reserves
Called up share capital
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1,800
|
1,800
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Profit and loss account
|
1,702,189
|
1,702,189
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------------
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------------
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Shareholders funds
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1,703,989
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1,703,989
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------------
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------------
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These abridged 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 FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
18 March 2020
, and are signed on behalf of the board by:
Company registration number:
00783514
Notes to the Abridged Financial Statements
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Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44 East Bank Road, Sheffield, S2 3QN, United Kingdom.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these abridged financial statements. There have been no movements in shareholders funds during the current year or prior year.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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Goodwill
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-
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5% straight line
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4.
Intangible assets
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£
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Cost
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At 1 July 2018 and 30 June 2019
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5,000
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-------
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Amortisation
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At 1 July 2018 and 30 June 2019
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5,000
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-------
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Carrying amount
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At 30 June 2019
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–
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-------
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At 30 June 2018
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–
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-------
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5.
Financial instruments at fair value
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
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1,732,813
|
1,732,813
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------------
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Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
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27,921
|
27,921
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--------
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--------
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6.
Summary audit opinion
The auditor's report for the year dated 18 March 2020 was unqualified.
The senior statutory auditor was
Stephen Allen
, for and on behalf of
Allen, West and Foster Limited
.
7.
Controlling party
The ultimate controlling party is Jepson Holdings Ltd, a company registered in England and Wales.
Jepsons Signs Limited
is included withing the group accounts of Jepson Holdings Ltd which has the registered office of 2 Broomgrove Road, Sheffield, S10 2LR.