IRIS Accounts Production v23.3.0.418 SC400429 director 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4004292022-05-31SC4004292023-05-31SC4004292022-06-012023-05-31SC4004292021-05-31SC4004292021-06-012022-05-31SC4004292022-05-31SC400429ns10:Originalns15:Scotland2022-06-012023-05-31SC400429ns14:PoundSterlingns10:Original2022-06-012023-05-31SC400429ns10:Originalns10:Director12022-06-012023-05-31SC400429ns10:Original2022-06-012023-05-31SC400429ns10:Original2023-05-31SC400429ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC400429ns10:Originalns10:SmallEntities2022-06-012023-05-31SC400429ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-31SC400429ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC400429ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31SC400429ns10:Originalns10:FullAccounts2022-06-012023-05-31SC400429ns10:Original12022-06-012023-05-31SC400429ns10:Originalns10:RegisteredOffice2022-06-012023-05-31SC400429ns10:Original2022-05-31SC400429ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC400429ns10:Originalns5:CurrentFinancialInstruments2022-05-31SC400429ns5:ShareCapitalns10:Original2023-05-31SC400429ns5:ShareCapitalns10:Original2022-05-31SC400429ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC400429ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31SC400429ns10:Originalns5:NetGoodwill2022-06-012023-05-31SC400429ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-31SC400429ns10:Originalns5:PlantMachinery2022-06-012023-05-31SC400429ns10:Original2021-06-012022-05-31SC400429ns10:Originalns5:NetGoodwill2022-05-31SC400429ns10:Originalns5:NetGoodwill2023-05-31SC400429ns10:Originalns5:NetGoodwill2022-05-31SC400429ns10:Originalns5:PlantMachinery2022-05-31SC400429ns10:Originalns5:PlantMachinery2023-05-31SC400429ns10:Originalns5:PlantMachinery2022-05-31SC400429ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC400429ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31SC400429ns10:Originalns5:CurrentFinancialInstruments2022-06-012023-05-31SC400429ns10:Original1ns10:Director12022-05-31SC400429ns10:Original1ns10:Director12021-05-31SC400429ns10:Original1ns10:Director12022-06-012023-05-31SC400429ns10:Original1ns10:Director12021-06-012022-05-31SC400429ns10:Original1ns10:Director12023-05-31SC400429ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: SC400429 (Scotland)




















J P L Food Co Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






J P L Food Co Ltd (Registered number: SC400429)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J P L Food Co Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mrs W P Li



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC400429 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
Edinburgh Leith Vic House
Edinburgh
EH11 1YH

J P L Food Co Ltd (Registered number: SC400429)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 9,500
Tangible assets 5 22,951 3,191
27,451 12,691

CURRENT ASSETS
Stocks 2,750 1,500
Debtors 6 9,880 39,517
Cash at bank and in hand 42,488 39,022
55,118 80,039
CREDITORS
Amounts falling due within one year 7 81,023 43,099
NET CURRENT (LIABILITIES)/ASSETS (25,905 ) 36,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,546

49,631

PROVISIONS FOR LIABILITIES 941 606
NET ASSETS 605 49,025

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 505 48,925
SHAREHOLDERS' FUNDS 605 49,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 P L Food Co Ltd (Registered number: SC400429)

Balance Sheet - continued
31 May 2023


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 12 October 2023 and were signed by:





Mrs W P Li - Director


J P L Food Co Ltd (Registered number: SC400429)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

J P L Food Co Ltd is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover, which represents net invoiced sale of goods, is recognised at the point when a meal is served or delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery etc - 25% on cost and 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year 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 balance sheet date.

J P L Food Co Ltd (Registered number: SC400429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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.

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 50,000
AMORTISATION
At 1 June 2022 40,500
Charge for year 5,000
At 31 May 2023 45,500
NET BOOK VALUE
At 31 May 2023 4,500
At 31 May 2022 9,500

J P L Food Co Ltd (Registered number: SC400429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 15,831
Additions 27,440
At 31 May 2023 43,271
DEPRECIATION
At 1 June 2022 12,640
Charge for year 7,680
At 31 May 2023 20,320
NET BOOK VALUE
At 31 May 2023 22,951
At 31 May 2022 3,191

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,880 39,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,392 5,553
Taxation and social security 15,330 32,039
Other creditors 60,301 5,507
81,023 43,099

The director's current account is unsecured, interest free and have no fixed term of repayment.

J P L Food Co Ltd (Registered number: SC400429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mrs W P Li
Balance outstanding at start of year 29,637 15,015
Amounts advanced 581 75,881
Amounts repaid (86,061 ) (61,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (55,843 ) 29,637