Company No:
Contents
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Cash at bank and in hand |
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0 | 2,067 | |||
Creditors: amounts falling due within one year | 3 | (
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Net current liabilities | (9,704) | (9,244) | ||
Total assets less current liabilities | (9,704) | (9,244) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 4 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of TJFE Enterprises Limited (registered number:
T Exell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
TJFE Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Temple Back, Bristol, BS1 6FL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of TJFE Enterprises Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £9,704. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Bank overdrafts |
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Accruals |
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Other creditors |
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£ | £ | ||
Allotted, called-up and fully-paid | |||
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At the period end, the company owed the directors a total of £8,562 (2022: £10,211). The loan is interest free and has no fixed date for repayment.