IRIS Accounts Production v22.1.4.3 09446756 director 28.2.21 28.2.22 28.2.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094467562021-02-27094467562022-02-28094467562021-02-282022-02-28094467562020-02-28094467562020-02-292021-02-27094467562021-02-2709446756ns16:EnglandWales2021-02-282022-02-2809446756ns15:PoundSterling2021-02-282022-02-2809446756ns11:Director12021-02-282022-02-2809446756ns11:PrivateLimitedCompanyLtd2021-02-282022-02-2809446756ns11:SmallEntities2021-02-282022-02-2809446756ns11:AuditExempt-NoAccountantsReport2021-02-282022-02-2809446756ns11:SmallCompaniesRegimeForDirectorsReport2021-02-282022-02-2809446756ns11:SmallCompaniesRegimeForAccounts2021-02-282022-02-2809446756ns11:FullAccounts2021-02-282022-02-2809446756ns11:RegisteredOffice2021-02-282022-02-2809446756ns6:CurrentFinancialInstruments2022-02-2809446756ns6:CurrentFinancialInstruments2021-02-2709446756ns6:Non-currentFinancialInstruments2022-02-2809446756ns6:Non-currentFinancialInstruments2021-02-2709446756ns6:ShareCapital2022-02-2809446756ns6:ShareCapital2021-02-2709446756ns6:RetainedEarningsAccumulatedLosses2022-02-2809446756ns6:RetainedEarningsAccumulatedLosses2021-02-2709446756ns6:PlantMachinery2021-02-282022-02-2809446756ns6:PlantMachinery2021-02-2709446756ns6:PlantMachinery2022-02-2809446756ns6:PlantMachinery2021-02-2709446756ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2809446756ns6:WithinOneYearns6:CurrentFinancialInstruments2021-02-2709446756ns11:Director112021-02-2709446756ns11:Director112020-02-2809446756ns11:Director112021-02-282022-02-2809446756ns11:Director112020-02-292021-02-2709446756ns11:Director112022-02-2809446756ns11:Director112021-02-27
REGISTERED NUMBER: 09446756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

28 FEBRUARY 2021 TO 28 FEBRUARY 2022

FOR

J FOSSEY PLASTERING LTD

J FOSSEY PLASTERING LTD (REGISTERED NUMBER: 09446756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J FOSSEY PLASTERING LTD

COMPANY INFORMATION
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022







DIRECTOR: J Fossey





REGISTERED OFFICE: Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA





REGISTERED NUMBER: 09446756 (England and Wales)





ACCOUNTANTS: Newman Morris Limited
Chartered Accountants
Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA

J FOSSEY PLASTERING LTD (REGISTERED NUMBER: 09446756)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,193 2,608

CURRENT ASSETS
Debtors 5 11,762 23,923
Cash at bank 24,433 4,733
36,195 28,656
CREDITORS
Amounts falling due within one year 6 (28,429 ) (15,991 )
NET CURRENT ASSETS 7,766 12,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,959

15,273

CREDITORS
Amounts falling due after more than one
year

7

(9,750

)

(15,000

)
NET ASSETS 1,209 273

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,208 272
1,209 273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

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.

J FOSSEY PLASTERING LTD (REGISTERED NUMBER: 09446756)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2022 and were signed by:





J Fossey - Director


J FOSSEY PLASTERING LTD (REGISTERED NUMBER: 09446756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022


1. STATUTORY INFORMATION

J Fossey Plastering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

J FOSSEY PLASTERING LTD (REGISTERED NUMBER: 09446756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2021 9,884
Additions 1,801
At 28 February 2022 11,685
DEPRECIATION
At 28 February 2021 7,276
Charge for period 1,216
At 28 February 2022 8,492
NET BOOK VALUE
At 28 February 2022 3,193
At 27 February 2021 2,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,894 -
Other debtors 5,868 23,923
11,762 23,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 3,000 -
Trade creditors 30 30
Taxation and social security 24,114 14,820
Other creditors 1,285 1,141
28,429 15,991

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 9,750 15,000

J FOSSEY PLASTERING LTD (REGISTERED NUMBER: 09446756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 28 February 2022 and 27 February 2021:

2022 2021
£    £   
J Fossey
Balance outstanding at start of period 18,055 9,064
Amounts advanced 70,053 51,293
Amounts repaid (88,253 ) (42,302 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (145 ) 18,055

9. BOUNCE BACK LOAN

During the previous year, the company received a Coronavirus Bounce Back Loan (BBLS) of £15,000 from bank together with a Business Interruption Payment (BIP) from the UK Government to cover payments of the interest due on the loan for a period of 12 months. Interest is subsequently charged at 2.5%.