JA Francis & Sons Limited
|
Registered Number
:
05041453
|
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2021
JA Francis & Sons Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
JA Francis & Sons Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
264,467
280,675
2
264,467
280,675
163,919
129,092
3
Trade and other receivables
|
150,544
205,530
4
320,121
Cash and cash equivalents
|
471,478
806,100
634,584
Trade and other payables
:
amounts falling due within one
|
year
|
(111,107)
(182,430)
5
523,477
623,670
Net current assets
Total assets less current liabilities
|
888,137
804,152
(44,041)
(47,121)
Provisions for liabilities
|
844,096
Net assets
757,031
129,040
129,040
715,056
627,991
844,096
757,031
Shareholders' funds
For the year ended 31 December 2021 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 2021 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 31 March 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2021
JA Francis & Sons Limited
Notes to the Financial Statements
Statutory Information
JA Francis
&
Sons 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 2021
JA Francis & Sons Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
Land
700,205
22,227
102,555
542,754
32,669
45,711
2,734
23,926
19,051
-
-
-
(4,000)
-
(4,000)
557,805
126,481
24,961
741,916
32,669
Provision for depreciation and impairment
|
419,530
18,690
72,943
327,897
-
Charge for year
61,420
1,254
13,384
46,782
-
(3,501)
-
-
(3,501)
-
477,449
19,944
86,327
371,178
-
32,669
186,627
40,154
5,017
264,467
32,669
214,857
29,612
3,537
280,675
2020
2021
129,092
163,919
4
.
Trade and other receivables
|
2020
2021
189,517
138,310
Prepayments and accrued income
|
16,013
12,186
Taxation and social security
|
-
48
150,544
205,530
3 of 4
For the year ended 31 December 2021
JA Francis & Sons Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
-
2,651
94,642
70,457
Taxation and social security
|
83,527
27,451
Accruals and deferred income
|
3,991
4,224
Directors
'
loan accounts
|
270
6,324
182,430
111,107
6
.
Average number of persons employed
|
During the year the average number of employees was 15 (2020 : 13)
4 of 4