Registered number
04532057
Rosy Jeffery Ltd
Report and Accounts
28 February 2023
Rosy Jeffery Ltd
Registered number: 04532057
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 2,640
Tangible assets 4 15,331 20,146
15,331 22,786
Current assets
Stocks 17,861 13,646
Debtors 5 51,659 36,755
Cash at bank and in hand 76,968 37,558
146,488 87,959
Creditors: amounts falling due within one year 6 (61,468) (53,829)
Net current assets 85,020 34,130
Total assets less current liabilities 100,351 56,916
Creditors: amounts falling due after more than one year 7 (35,694) (40,694)
Net assets 64,657 16,222
Capital and reserves
Called up share capital 102 102
Profit and loss account 64,555 16,120
Shareholder's funds 64,657 16,222
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Harris
Director
Approved by the board on 21 March 2023
Rosy Jeffery Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25% reducing balance
Goodwill Straight Line over 20 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 41,400
At 28 February 2023 41,400
Amortisation
At 1 March 2022 38,760
Provided during the year 2,640
At 28 February 2023 41,400
Net book value
At 28 February 2023 -
At 28 February 2022 2,640
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years from April 2003.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 85,205
Additions 1,754
At 28 February 2023 86,959
Depreciation
At 1 March 2022 65,059
Charge for the year 6,569
At 28 February 2023 71,628
Net book value
At 28 February 2023 15,331
At 28 February 2022 20,146
5 Debtors 2023 2022
£ £
Trade debtors 47,759 32,855
Other debtors 3,900 3,900
51,659 36,755
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,925 15,170
Trade creditors 5,880 1,802
Other taxes and social security costs 30,838 21,044
Other creditors 14,825 15,813
61,468 53,829
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 35,694 40,694
8 Other information
Rosy Jeffery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Loft , Unit 11
Hunthay Business Park
Axminster
Devon
EX13 5RJ
Rosy Jeffery Ltd 04532057 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts March 2021 (final release) A J Harris No description of principal activity 04532057 2021-03-01 2022-02-28 04532057 core:WithinOneYear 2022-02-28 04532057 core:AfterOneYear 2022-02-28 04532057 core:ShareCapital 2022-02-28 04532057 core:RetainedEarningsAccumulatedLosses 2022-02-28 04532057 2022-03-01 2023-02-28 04532057 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04532057 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 04532057 bus:Director40 2022-03-01 2023-02-28 04532057 1 2022-03-01 2023-02-28 04532057 2 2022-03-01 2023-02-28 04532057 core:Goodwill 2022-03-01 2023-02-28 04532057 core:PlantMachinery 2022-03-01 2023-02-28 04532057 countries:England 2022-03-01 2023-02-28 04532057 bus:FRS102 2022-03-01 2023-02-28 04532057 bus:FullAccounts 2022-03-01 2023-02-28 04532057 2023-02-28 04532057 core:WithinOneYear 2023-02-28 04532057 core:AfterOneYear 2023-02-28 04532057 core:ShareCapital 2023-02-28 04532057 core:RetainedEarningsAccumulatedLosses 2023-02-28 04532057 core:Goodwill 2023-02-28 04532057 core:PlantMachinery 2023-02-28 04532057 2022-02-28 04532057 core:Goodwill 2022-02-28 04532057 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure