Registered Number
:
05041453
|
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2019
JA Francis & Son Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
JA Francis & Son Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
262,072
232,349
2
262,072
232,349
188,613
134,548
3
Trade and other receivables
|
248,647
173,186
4
284,541
Cash and cash equivalents
|
299,859
607,593
721,801
Trade and other payables
:
amounts falling due within one
|
year
|
(248,469)
(141,319)
5
473,332
466,274
Net current assets
Total assets less current liabilities
|
728,346
705,681
(47,032)
(41,386)
Provisions for liabilities
|
681,314
Net assets
664,295
129,040
129,040
552,274
535,255
681,314
664,295
Shareholders' funds
For the year ended 31 December 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 29 April 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2019
JA Francis & Son Limited
Notes to the Financial Statements
Statutory Information
JA Francis
&
Son Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
05041453
.
|
Mile Brook
Knighton
Powys
LD7 1LR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Plant and machinery
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2 of 4
For the year ended 31 December 2019
JA Francis & Son Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
Land
562,814
22,227
96,360
429,694
14,533
99,367
-
12,995
86,372
-
-
(6,800)
(38,250)
-
(45,050)
477,816
102,555
22,227
617,131
14,533
Provision for depreciation and impairment
|
330,465
16,700
55,501
258,264
-
Charge for year
65,424
1,105
13,161
51,158
-
(40,830)
-
(5,590)
(35,240)
-
355,059
17,805
63,072
274,182
-
14,533
203,634
39,483
4,422
262,072
14,533
171,430
40,859
5,527
232,349
2018
2019
134,548
188,613
4
.
Trade and other receivables
|
2018
2019
162,267
237,369
Prepayments and accrued income
|
10,919
11,278
248,647
173,186
3 of 4
For the year ended 31 December 2019
JA Francis & Son Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
-
29,465
82,339
151,277
Taxation and social security
|
23,855
35,991
Accruals and deferred income
|
3,940
5,113
Directors
'
loan accounts
|
16,185
26,623
Obligations under HP
/
Financial leases
|
15,000
-
141,319
248,469
6
.
Average number of persons employed
|
During the year the average number of employees was 13 (2018 : 12)
4 of 4