REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 July 2020 |
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JI Brothers Ltd |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 July 2020 |
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JI Brothers Ltd |
JI Brothers Ltd (Registered number: 08658326) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Report of the Accountants | 7 |
JI Brothers Ltd |
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Company Information |
for the Year Ended 31 July 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Bridge House |
9-13 Holbrook Lane |
Coventry |
CV6 4AD |
JI Brothers Ltd (Registered number: 08658326) |
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Statement of Financial Position |
31 July 2020 |
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31.7.20 | 31.7.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Inventories | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | 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. |
JI Brothers Ltd (Registered number: 08658326) |
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Statement of Financial Position - continued |
31 July 2020 |
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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 and authorised for issue on
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JI Brothers Ltd (Registered number: 08658326) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2020 |
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1. | STATUTORY INFORMATION |
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JI Brothers Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net sales of invoiced goods and services excluding Value Added Tax. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Inventories 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 August 2019 |
and 31 July 2020 |
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NET BOOK VALUE |
At 31 July 2020 |
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At 31 July 2019 |
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JI Brothers Ltd (Registered number: 08658326) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2020 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Short | and | Motor |
leasehold | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2019 |
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Additions |
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At 31 July 2020 |
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DEPRECIATION |
At 1 August 2019 |
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Charge for year |
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At 31 July 2020 |
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NET BOOK VALUE |
At 31 July 2020 |
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At 31 July 2019 |
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6. | INVENTORIES |
31.7.20 | 31.7.19 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Prepayments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Trade creditors |
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Wages payable | 359 | 3,369 |
Corporation tax |
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Social security and other taxes |
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Value added tax | 3,745 | 2,882 |
Directors' current accounts | 27,402 | 18,543 |
Accrued expenses |
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JI Brothers Ltd (Registered number: 08658326) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2020 |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Long term Loan-DCA | 160,000 | 160,000 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.20 | 31.7.19 |
value: | £ | £ |
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Ordinary | 1 | 3 | 3 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 August 2019 |
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Profit for the year |
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Dividends | ( |
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At 31 July 2020 |
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JI Brothers Ltd |
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Report of the Accountants to the Directors of |
JI Brothers Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2020 set out on pages nil to nil and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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Bridge House |
9-13 Holbrook Lane |
Coventry |
CV6 4AD |
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Date: ............................................. |