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REGISTERED NUMBER: 05390996 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

JFC'S Fast Food (Hailsham) Limited

JFC'S Fast Food (Hailsham) Limited (Registered number: 05390996)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JFC'S Fast Food (Hailsham) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J M Appleyard





REGISTERED OFFICE: First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU





BUSINESS ADDRESS: 66 High Street
Hailsham
East Sussex
BN27 1AX





REGISTERED NUMBER: 05390996 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

JFC'S Fast Food (Hailsham) Limited (Registered number: 05390996)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,779 30,670
20,779 30,670

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 92,677 45,000
Cash at bank and in hand 195,807 232,579
290,484 279,579
CREDITORS
Amounts falling due within one year 7 70,653 70,594
NET CURRENT ASSETS 219,831 208,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,610

239,655

CREDITORS
Amounts falling due after more than one
year

8

(7,123

)

(14,322

)

PROVISIONS FOR LIABILITIES (3,948 ) (5,827 )
NET ASSETS 229,539 219,506

CAPITAL & RESERVES
Called up share capital 9 2 2
Retained earnings 229,537 219,504
SHAREHOLDERS' FUNDS 229,539 219,506

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

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

The director acknowledges his 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.

JFC'S Fast Food (Hailsham) Limited (Registered number: 05390996)

Balance Sheet - continued
31 March 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 14 November 2023 and were signed by:





J M Appleyard - Director


JFC'S Fast Food (Hailsham) Limited (Registered number: 05390996)

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

1. STATUTORY INFORMATION

JFC'S Fast Food (Hailsham) Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover represents net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of fifteen 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 15 years
Shopfittings & equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JFC'S Fast Food (Hailsham) Limited (Registered number: 05390996)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 115,000
AMORTISATION
At 1 April 2022
and 31 March 2023 115,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Short Shopfittings
leasehold & equipment Totals
£    £    £   
COST
At 1 April 2022 5,545 58,919 64,464
Additions - 840 840
At 31 March 2023 5,545 59,759 65,304
DEPRECIATION
At 1 April 2022 5,545 28,249 33,794
Charge for year - 10,731 10,731
At 31 March 2023 5,545 38,980 44,525
NET BOOK VALUE
At 31 March 2023 - 20,779 20,779
At 31 March 2022 - 30,670 30,670

JFC'S Fast Food (Hailsham) Limited (Registered number: 05390996)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Shopfittings
& equipment
£   
COST
At 1 April 2022
and 31 March 2023 39,590
DEPRECIATION
At 1 April 2022 16,496
Charge for year 7,918
At 31 March 2023 24,414
NET BOOK VALUE
At 31 March 2023 15,176
At 31 March 2022 23,094

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 92,677 45,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,200 6,604
Trade creditors 11,653 8,832
Corporation tax 30,147 43,557
Social security & other taxes 19,437 10,840
Other creditors 1,736 184
Directors' current accounts 245 342
Accrued expenses 235 235
70,653 70,594

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,123 14,322

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
184 Ordinary £0.01 2 2
(2022 - 189 )
16 B Ordinary £0.01 - -
2 2

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
JFC'S Fast Food (Hailsham) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JFC'S Fast Food (Hailsham) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JFC'S Fast Food (Hailsham) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JFC'S Fast Food (Hailsham) Limited and state those matters that we have agreed to state to the director of JFC'S Fast Food (Hailsham) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JFC'S Fast Food (Hailsham) Limited and its director for our work or for this report.

It is your duty to ensure that JFC'S Fast Food (Hailsham) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JFC'S Fast Food (Hailsham) Limited. You consider that JFC'S Fast Food (Hailsham) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JFC'S Fast Food (Hailsham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


14 November 2023