Registered Number
:
05041453
|
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2018
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
2017
2018
Property
,
plant and equipment
|
232,349
120,617
2
232,349
120,617
142,303
188,613
3
Trade and other receivables
|
186,441
248,647
4
261,410
Cash and cash equivalents
|
284,541
721,801
590,154
Trade and other payables
:
amounts falling due within one
|
year
|
(157,330)
(248,469)
5
432,824
473,332
Net current assets
Total assets less current liabilities
|
705,681
553,441
(41,386)
(19,937)
Provisions for liabilities
|
664,295
Net assets
533,504
129,040
129,040
535,255
404,464
664,295
533,504
Shareholders' funds
For the year ended 31 December 2018 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 2018 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 28 March 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2018
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 2018
JA Francis & Son Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
Land
430,408
22,227
70,410
323,238
14,533
181,806
-
40,450
141,356
-
-
(14,500)
(34,900)
-
(49,400)
429,694
96,360
22,227
562,814
14,533
Provision for depreciation and impairment
|
309,791
15,318
50,264
244,209
-
Charge for year
57,859
1,382
13,620
42,857
-
(37,185)
-
(8,383)
(28,802)
-
330,465
16,700
55,501
258,264
-
14,533
171,430
40,859
5,527
232,349
14,533
79,029
20,146
6,909
120,617
2017
2018
188,613
142,303
4
.
Trade and other receivables
|
2017
2018
237,369
176,013
Prepayments and accrued income
|
11,278
10,428
186,441
248,647
3 of 4
For the year ended 31 December 2018
JA Francis & Son Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
29,465
-
151,277
66,034
Taxation and social security
|
35,991
49,290
Accruals and deferred income
|
5,113
5,050
Directors
'
loan accounts
|
26,623
36,956
248,469
157,330
6
.
Average number of persons employed
|
During the year the average number of employees was 12 (2017 : 12)
4 of 4