Company Registration No. 10660951 (England and Wales)
THE JO COX FOUNDATION TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
PAGES FOR FILING WITH REGISTRAR
THE JO COX FOUNDATION TRADING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
THE JO COX FOUNDATION TRADING LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE JO COX FOUNDATION TRADING LIMITED FOR THE YEAR ENDED 31 DECEMBER 2020
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Jo Cox Foundation Trading Limited for the year ended 31 December 2020 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Jo Cox Foundation Trading Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of The Jo Cox Foundation Trading Limited
and state those matters that we have agreed to state to the Board of Directors of The Jo Cox Foundation Trading Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Jo Cox Foundation Trading Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that The Jo Cox Foundation Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss
of The Jo Cox Foundation Trading Limited. You consider that The Jo Cox Foundation Trading Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Jo Cox Foundation Trading Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kirk Rice LLP
23 September 2021
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
THE JO COX FOUNDATION TRADING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2020
31 December 2020
- 2 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
3,322
3,710
Cash at bank and in hand
10
10
3,332
3,720
Creditors: amounts falling due within one year
4
(1,000)
(1,000)
Net current assets
2,332
2,720
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
2,331
2,719
Total equity
2,332
2,720
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 by the board of directors and authorised for issue on 23 September 2021 and are signed on its behalf by:
Rt Hon J J Smith
Director
Company Registration No. 10660951
THE JO COX FOUNDATION TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
- 3 -
1
Accounting policies
Company information
The Jo Cox Foundation Trading Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Living Space, 1 Coral Street, London, England, SE1 7BE.
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 £.
The principal accounting policies adopted are set out below.
1.2
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,017
3,405
Other debtors
305
305
3,322
3,710
THE JO COX FOUNDATION TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 4 -
4
Creditors: amounts falling due within one year
2020
2019
£
£
Other creditors
1,000
1,000