Company Registration No. 12716586 (England and Wales)
J&E Kemp Limited
Unaudited accounts
for the period from 3 July 2020 to 31 July 2021
J&E Kemp Limited
Unaudited accounts
Contents
J&E Kemp Limited
Company Information
for the period from 3 July 2020 to 31 July 2021
Company Number
12716586 (England and Wales)
Registered Office
Hollinberry Cottage
Hollinberry Lane
Sheffield
S35 7EL
Accountants
Poppy Accounting Ltd
28 Fields End
Oxspring
S36 8WH
J&E Kemp Limited
Statement of financial position
as at 31 July 2021
Investment property
722,775
Cash at bank and in hand
(15,822)
Creditors: amounts falling due within one year
(680)
Net current liabilities
(14,491)
Total assets less current liabilities
713,772
Creditors: amounts falling due after more than one year
(813,826)
Profit and loss account
(100,055)
Shareholders' funds
(100,054)
For the period ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 September 2022 and were signed on its behalf by
Andrew Kemp
Director
Company Registration No. 12716586
J&E Kemp Limited
Notes to the Accounts
for the period from 3 July 2020 to 31 July 2021
J&E Kemp Limited is a private company, limited by shares, registered in England and Wales, registration number 12716586. The registered office is Hollinberry Cottage, Hollinberry Lane, Sheffield, S35 7EL.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 to 5 years straight line
Computer equipment
3 years straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The Director confirms the Company meets the going concern definition on the basis of the continued financial support from himself.
J&E Kemp Limited
Notes to the Accounts
for the period from 3 July 2020 to 31 July 2021
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
2,105
4,709
6,814
At 31 July 2021
2,105
4,709
6,814
Charge for the period
313
1,013
1,326
At 31 July 2021
313
1,013
1,326
At 31 July 2021
1,792
3,696
5,488
6
Debtors: amounts falling due within one year
2021
7
Creditors: amounts falling due within one year
2021
8
Creditors: amounts falling due after more than one year
2021
Loans from directors
254,531
Aggregate of amounts that fall due for payment after five years
559,295
Included in creditors is debt of £517,875 secured on the investment properties. These repayments are on an interest only basis.
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Average number of employees
During the period the average number of employees was 0.