IRIS Accounts Production v23.3.0.418 02727591 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false Ordinary 1.00000 Ordinary A & B 1.00000 Golden 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027275912022-06-30027275912023-06-30027275912022-07-012023-06-30027275912021-06-30027275912021-07-012022-06-30027275912022-06-3002727591ns10:Originalns15:EnglandWales2022-07-012023-06-3002727591ns14:PoundSterlingns10:Original2022-07-012023-06-3002727591ns10:Originalns10:Director12022-07-012023-06-3002727591ns10:Original2022-07-012023-06-3002727591ns10:Original2023-06-3002727591ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002727591ns10:Originalns10:SmallEntities2022-07-012023-06-3002727591ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3002727591ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002727591ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002727591ns10:Originalns10:FullAccounts2022-07-012023-06-3002727591ns10:Original12022-07-012023-06-3002727591ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3002727591ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3002727591ns10:OrdinaryShareClass3ns10:Original2022-07-012023-06-3002727591ns10:Originalns10:Director22022-07-012023-06-3002727591ns10:Originalns10:Director32022-07-012023-06-3002727591ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002727591ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002727591ns10:Original2022-06-3002727591ns10:Originalns5:CurrentFinancialInstruments2023-06-3002727591ns10:Originalns5:CurrentFinancialInstruments2022-06-3002727591ns10:Originalns5:Non-currentFinancialInstruments2023-06-3002727591ns10:Originalns5:Non-currentFinancialInstruments2022-06-3002727591ns5:ShareCapitalns10:Original2023-06-3002727591ns5:ShareCapitalns10:Original2022-06-3002727591ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3002727591ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3002727591ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002727591ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002727591ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3002727591ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3002727591ns10:Originalns5:FurnitureFittings2022-07-012023-06-3002727591ns10:Originalns5:MotorVehicles2022-07-012023-06-3002727591ns10:Original2021-07-012022-06-3002727591ns10:Originalns5:NetGoodwill2022-06-3002727591ns10:Originalns5:NetGoodwill2023-06-3002727591ns10:Originalns5:NetGoodwill2022-06-3002727591ns10:Originalns5:LandBuildings2022-06-3002727591ns10:Originalns5:FurnitureFittings2022-06-3002727591ns10:Originalns5:MotorVehicles2022-06-3002727591ns10:Original2022-06-3002727591ns10:Originalns5:LandBuildings2022-07-012023-06-3002727591ns10:Originalns5:LandBuildings2023-06-3002727591ns10:Originalns5:FurnitureFittings2023-06-3002727591ns10:Originalns5:MotorVehicles2023-06-3002727591ns10:Originalns5:LandBuildings2022-06-3002727591ns10:Originalns5:FurnitureFittings2022-06-3002727591ns10:Originalns5:MotorVehicles2022-06-3002727591ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002727591ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002727591ns10:Originalns10:OrdinaryShareClass12023-06-3002727591ns10:Originalns10:OrdinaryShareClass22023-06-3002727591ns10:OrdinaryShareClass3ns10:Original2023-06-30
REGISTERED NUMBER: 02727591 (England and Wales)















J.T.S. Snack Foods Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






J.T.S. Snack Foods Limited (Registered number: 02727591)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.T.S. Snack Foods Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: S Hann
J Hann
T Hann





SECRETARY: S Hann





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 02727591 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

J.T.S. Snack Foods Limited (Registered number: 02727591)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 2,659,024 2,329,722
2,659,024 2,329,722

CURRENT ASSETS
Stocks 416,823 345,479
Debtors 5 640,677 581,316
Cash at bank 496,348 643,263
1,553,848 1,570,058
CREDITORS
Amounts falling due within one year 6 1,489,760 1,394,967
NET CURRENT ASSETS 64,088 175,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,723,112

2,504,813

CREDITORS
Amounts falling due after more than one
year

7

(61,166

)

(106,060

)

PROVISIONS FOR LIABILITIES (108,586 ) (71,969 )
NET ASSETS 2,553,360 2,326,784

CAPITAL AND RESERVES
Called up share capital 8 303 303
Fair value reserve 243,525 243,525
Retained earnings 2,309,532 2,082,956
SHAREHOLDERS' FUNDS 2,553,360 2,326,784

J.T.S. Snack Foods Limited (Registered number: 02727591)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





S Hann - Director


J.T.S. Snack Foods Limited (Registered number: 02727591)

Notes to the Financial Statements
for the year ended 30 June 2023

1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Land 0%. Buildings over 50 years.
Fixtures and fittings - 33% on cost and 10% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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.

J.T.S. Snack Foods Limited (Registered number: 02727591)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2022 - 47 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 194,618
AMORTISATION
At 1 July 2022
and 30 June 2023 194,618
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 2,296,027 244,247 863,864 3,404,138
Additions 257,330 338 175,556 433,224
Disposals - - (416,320 ) (416,320 )
At 30 June 2023 2,553,357 244,585 623,100 3,421,042
DEPRECIATION
At 1 July 2022 112,485 243,620 718,311 1,074,416
Charge for year 11,720 302 74,700 86,722
Eliminated on disposal - - (399,120 ) (399,120 )
At 30 June 2023 124,205 243,922 393,891 762,018
NET BOOK VALUE
At 30 June 2023 2,429,152 663 229,209 2,659,024
At 30 June 2022 2,183,542 627 145,553 2,329,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 528,220 514,376
Other debtors 112,457 66,940
640,677 581,316

J.T.S. Snack Foods Limited (Registered number: 02727591)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 36,364
Hire purchase contracts 129,566 2,025
Trade creditors 732,076 697,037
Taxation and social security 270,611 248,270
Other creditors 357,507 411,271
1,489,760 1,394,967

7. CREDITORS:AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 106,060
Hire purchase contracts 61,166 -
61,166 106,060

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 106,060

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
170 Ordinary 1 170 170
130 Ordinary A & B 1 130 130
3 Golden 1 3 3
303 303