REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 April 2020 to 31 May 2021 |
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for |
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Jesse Armstrong Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 April 2020 to 31 May 2021 |
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for |
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Jesse Armstrong Limited |
Jesse Armstrong Limited (Registered number: 05734692) |
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Contents of the Financial Statements |
for the Period 1 April 2020 to 31 May 2021 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Jesse Armstrong Limited |
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Company Information |
for the Period 1 April 2020 to 31 May 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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First Floor, St Johns House |
16 Church Street |
Bromsgrove |
Worcestershire |
B61 8DN |
Jesse Armstrong Limited (Registered number: 05734692) |
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Abridged Statement of Financial Position |
31 May 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Jesse Armstrong Limited (Registered number: 05734692) |
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Abridged Statement of Financial Position - continued |
31 May 2021 |
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The director acknowledges his responsibilities for: |
(a) | 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. |
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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 director and authorised for issue on
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Jesse Armstrong Limited (Registered number: 05734692) |
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Notes to the Financial Statements |
for the Period 1 April 2020 to 31 May 2021 |
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1. | STATUTORY INFORMATION |
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Jesse Armstrong Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Turnover |
Turnover represents fair value of the consideration received or receivable for services provided during the reporting period, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Jesse Armstrong Limited (Registered number: 05734692) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2020 to 31 May 2021 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 April 2020 |
and 31 May 2021 |
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DEPRECIATION |
At 1 April 2020 |
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Charge for period |
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At 31 May 2021 |
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NET BOOK VALUE |
At 31 May 2021 |
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At 31 March 2020 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
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Totals |
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COST OR VALUATION |
At 1 April 2020 | 38,796 |
Additions | 500,000 |
Disposals | - |
Fair value adjustment | 4,148 |
At 31 May 2021 | 542,944 |
NET BOOK VALUE |
At 31 May 2021 | 542,944 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
Jesse Armstrong Limited (Registered number: 05734692) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2020 to 31 May 2021 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 31 May 2021 and the year ended 31 March 2020: |
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2021 | 2020 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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The above loan represents the highest balance during the year. Interest was charged at a rate of 2.25% (2020 - 2.5%) totalling £10,658 (2020 - £11,174). The loan was provided with no fixed repayment terms and no security. |