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REGISTERED NUMBER:
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Jay Jay's @ The Beach Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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REGISTERED NUMBER:
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Jay Jay's @ The Beach Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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Jay Jay's @ The Beach Limited (Registered number: 07877154) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Jay Jay's @ The Beach Limited |
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Company Information |
for the Year Ended 31 December 2018 |
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Directors: |
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Registered office: |
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Business address: |
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Registered number: |
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Accountants: |
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5 Queen Street |
Great Yarmouth |
Norfolk |
NR30 2QP |
Jay Jay's @ The Beach Limited (Registered number: 07877154) |
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Balance Sheet |
31 December 2018 |
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31/12/18 | 31/12/17 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Jay Jay's @ The Beach Limited (Registered number: 07877154) |
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Balance Sheet - continued |
31 December 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Jay Jay's @ The Beach Limited (Registered number: 07877154) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | Statutory information |
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Jay Jay's @ The Beach Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents |
amounts receivable for goods supplied and services rendered. |
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of |
the goods have been transferred to the buyer, usually on despatch of the goods and the amount of |
revenue can be reliably measured. |
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Tangible fixed assets |
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Improvements to leasehold property | - |
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Fixtures, fittings and equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Financial instruments |
Basic financial instruments are initially recognised at the transaction price, unless the arrangement |
constitutes a financing transaction, where it is recognised at the present value of the future payments |
discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently |
measured at amortised cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Jay Jay's @ The Beach Limited (Registered number: 07877154) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Improvements | Fixtures, |
to | fittings |
leasehold | and |
property | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2018 |
and 31 December 2018 |
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Depreciation |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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Net book value |
At 31 December 2018 |
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At 31 December 2017 |
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5. | Debtors: amounts falling due within one year |
31/12/18 | 31/12/17 |
£ | £ |
Other debtors |
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6. | Creditors: amounts falling due within one year |
31/12/18 | 31/12/17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Jay Jay's @ The Beach Limited (Registered number: 07877154) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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7. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31/12/18 | 31/12/17 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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The company entered into a 20 year lease in respect of its property until 22 January 2032 at an annual |
rent of £7,000 per annum. |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/18 | 31/12/17 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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9. | Ultimate controlling party |
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The ultimate controlling party is
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