Company Registration No. 05200963 (England and Wales)
Jenks and Co. Limited
Unaudited accounts
for the year ended 31 August 2021
Jenks and Co. Limited
Unaudited accounts
Contents
Jenks and Co. Limited
Company Information
for the year ended 31 August 2021
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
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Jenks and Co. Limited
Statement of financial position
as at
31 August 2021
Intangible assets
13,178
18,437
Tangible assets
9,067
1,988
Cash at bank and in hand
9,335
3,904
Creditors: amounts falling due within one year
(85,262)
(27,637)
Net current liabilities
(72,972)
(22,872)
Net liabilities
(50,727)
(2,447)
Called up share capital
1,000
1,000
Share premium
29,375
29,375
Profit and loss account
(81,102)
(32,822)
Shareholders' funds
(50,727)
(2,447)
For the year ending 31 August 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2022 and were signed on its behalf by
P Jenks
Director
Company Registration No. 05200963
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2021
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
At the balance sheet date the company has net liabilities of £50,727. The ability of the company to continue to trade is dependant upon the continuing support of one of the directors.
The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the accounts on a going concern basis.
The financial statements do not include any adjustment that would result from the withdrawal of support by the director.
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2021
4
Intangible fixed assets
Other
At 1 September 2020
26,297
At 1 September 2020
7,860
Charge for the year
5,259
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2020
6,707
11,025
17,732
At 31 August 2021
6,707
19,496
26,203
At 1 September 2020
6,553
9,191
15,744
Charge for the year
67
1,325
1,392
At 31 August 2021
6,620
10,516
17,136
At 31 August 2021
87
8,980
9,067
At 31 August 2020
154
1,834
1,988
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,398
3,055
Loans from directors
82,477
24,062
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2021
8
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, £82,477 (2019 - £24,062)
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).