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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 July 2017 |
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JI Brothers Ltd |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 July 2017 |
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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 2017 |
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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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JI Brothers Ltd |
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Company Information |
for the Year Ended 31 July 2017 |
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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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Desai House |
9-13 Holbrook Lane |
Coventry |
West Midlands |
CV6 4AD |
JI Brothers Ltd (Registered number: 08658326) |
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Statement of Financial Position |
31 July 2017 |
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31.7.17 | 31.7.16 |
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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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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 |
(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 2017 |
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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
behalf by: |
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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 2017 |
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1. | STATUTORY INFORMATION |
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JI Brothers Ltd is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 July 2017 are the first that are prepared in |
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance |
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 August 2015. |
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No restatement of the Profit and Loss Account, Other Comprehensive Income or Balance Sheet and |
no changes to accounting policies have been required on transition. |
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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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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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JI Brothers Ltd (Registered number: 08658326) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 August 2016 |
and 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Short | and |
leasehold | fittings | Totals |
£ | £ | £ |
COST |
At 1 August 2016 |
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Additions |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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6. | INVENTORIES |
31.7.17 | 31.7.16 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Prepayments |
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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 2017 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade creditors |
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Wages payable | 722 | - |
Corporation tax |
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Social security and other taxes |
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Value added tax | 2,538 | 1,669 |
Other creditors | 971 | 1,776 |
Directors' current accounts | 197,233 | 146,536 |
Accrued expenses |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
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Ordinary | 1 | 3 | 3 |
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10. | RESERVES |
Retained |
earnings |
£ |
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At 1 August 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 July 2017 |
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