Company Registration No. 08581521 (England and Wales)
JUICE MAN LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
JUICE MAN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
JUICE MAN LIMITED
Company Registration No. 08581521
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
2
123
13,070
Current assets
Debtors
3
120,049
387,076
Cash at bank and in hand
4,711
4,622
124,760
391,698
Creditors: amounts falling due within one year
4
(38,006)
(305,387)
Net current assets
86,754
86,311
Total assets less current liabilities
86,877
99,381
Capital and reserves
Called up share capital
5
400
400
Share premium account
138,587
138,587
Profit and loss reserves
(52,110)
(39,606)
Total equity
86,877
99,381
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 24 December 2018
A J Cooper
Director
JUICE MAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 2 -
1
Accounting policies
Company information
Juice Man Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
1.2
Turnover
Turnover
represents amounts receivable for the manufacture of soft drinks, production of mineral waters and other bottled waters net of Value Added Tax and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Equipment
4 years straight line
Motor vehicles
4 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
JUICE MAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 and 31 March 2018
51,841
Depreciation and impairment
At 1 April 2017
38,771
Depreciation charged in the year
12,947
At 31 March 2018
51,718
Carrying amount
At 31 March 2018
123
At 31 March 2017
13,070
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
-
1,779
Other debtors
120,049
385,297
120,049
387,076
4
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
-
889
Trade creditors
552
5,002
Taxation and social security
1,048
25,156
Other creditors
35,206
272,889
Accruals and deferred income
1,200
1,451
38,006
305,387
JUICE MAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
- 4 -
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
40,000 Ordinary shares of 1p each
400
400
400
400
6
Related party transactions
At the balance sheet date the company owed A J Cooper, the director, £16,976 (201
7
- £
25,
48
7
). This loan is interest free and repayable on demand.