Company Registration No. 05200963 (England and Wales)
Jenks and Co. Limited
Unaudited accounts
for the year ended 31 August 2018
Jenks and Co. Limited
Unaudited accounts
Contents
Jenks and Co. Limited
Company Information
for the year ended 31 August 2018
Directors
P Jenks
B Jenks
D Jenks
Company Number
05200963 (England and Wales)
Registered Office
Silverbeck
Jumps Road
Churt
Surrey
GU10 2HL
Accountants
Mad About Book-Keeping Limited
The Parade
Petersfield Road
Whitehill
Hampshire
GU35 9AR
Jenks and Co. Limited
Statement of financial position
as at
31 August 2018
Intangible assets
-
1,640
Tangible assets
3,537
4,716
Cash at bank and in hand
67,816
12,341
Creditors: amounts falling due within one year
(14,681)
(41,932)
Net current assets
57,510
22,818
Total assets less current liabilities
61,047
29,174
Provisions for liabilities
Called up share capital
1,000
1,000
Share premium
29,375
29,375
Profit and loss account
30,262
(1,201)
Shareholders' funds
60,637
29,174
For the year ending 31 August 2018 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 directors acknowledge their 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.
Approved by the Board on 18 April 2019.
P Jenks
Director
Company Registration No. 05200963
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2018
Jenks and Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 05200963. The registered office is Silverbeck, Jumps Road, Churt, Surrey, GU10 2HL.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Amortisation is calculated so as to write off the cost of an asset, less its estimates residual value, over the useful economic life of that asset as follows:
Goodwill - 10% straight line
Intangibles - 20% straight line
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
25% reducing balance
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2018
4
Intangible fixed assets
Goodwill
Other
Total
At 1 September 2017
39,177
8,200
47,377
Disposals
(39,177)
(8,200)
(47,377)
At 1 September 2017
39,177
6,560
45,737
On disposals
(39,177)
(6,560)
(45,737)
At 31 August 2017
-
1,640
1,640
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2017
6,707
11,025
17,732
At 31 August 2018
6,707
11,025
17,732
At 1 September 2017
6,343
6,673
13,016
Charge for the year
91
1,088
1,179
At 31 August 2018
6,434
7,761
14,195
At 31 August 2018
273
3,264
3,537
At 31 August 2017
364
4,352
4,716
Finished goods
1,000
49,970
Trade debtors
3,375
2,239
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2018
8
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
3,748
(1,370)
Loans from directors
9,499
41,969
9
Share capital
2018
2017
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Transactions with related parties
The company occupies a warehouse premises owned by Mr P Jenks for which it pays no rent.
As at the balance sheet date the company owed Mr P Jenks, one of the directors, £9,499 (2017 - £41,969)
11
Average number of employees
During the year the average number of employees was 0 (2017: 0).