Company Registration No. 04707040 (England and Wales)
JULIAN STEPHENS LIMITED
Unaudited accounts
for the year ended 30 May 2021
JULIAN STEPHENS LIMITED
Unaudited accounts
Contents
JULIAN STEPHENS LIMITED
Company Information
for the year ended 30 May 2021
Director
Mr Julian Stephens
Company Number
04707040 (England and Wales)
Registered Office
37 GLOUCESTER ROAD
BRIGHTON
EAST SUSSEX
BN1 4AQ
JULIAN STEPHENS LIMITED
Statement of financial position
as at
30 May 2021
Cash at bank and in hand
15,431
Creditors: amounts falling due within one year
(20,125)
Net current assets
60,661
Total assets less current liabilities
64,787
Creditors: amounts falling due after more than one year
(39,000)
Called up share capital
1
Profit and loss account
25,786
Shareholders' funds
25,787
For the year ending 30 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2022 and were signed on its behalf by
Mr Julian Stephens
Director
Company Registration No. 04707040
JULIAN STEPHENS LIMITED
Notes to the Accounts
for the year ended 30 May 2021
JULIAN STEPHENS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04707040. The registered office is 37 GLOUCESTER ROAD, BRIGHTON, EAST SUSSEX, BN1 4AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 May 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 May 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
JULIAN STEPHENS LIMITED
Notes to the Accounts
for the year ended 30 May 2021
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
6
Creditors: amounts falling due within one year
2021
Taxes and social security
(347)
Loans from directors
3,249
7
Creditors: amounts falling due after more than one year
2021
8
Average number of employees
During the year the average number of employees was 2.