6 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 239 239 xbrli:pure xbrli:shares iso4217:GBP 08803967 2022-04-01 2023-03-31 08803967 2023-03-31 08803967 2022-03-31 08803967 2021-04-01 2022-03-31 08803967 2022-03-31 08803967 2021-03-31 08803967 core:PlantMachinery 2022-04-01 2023-03-31 08803967 core:MotorVehicles 2022-04-01 2023-03-31 08803967 bus:Director1 2022-04-01 2023-03-31 08803967 core:WithinOneYear 2023-03-31 08803967 core:WithinOneYear 2022-03-31 08803967 core:PlantMachinery 2023-03-31 08803967 core:ShareCapital 2023-03-31 08803967 core:ShareCapital 2022-03-31 08803967 core:RetainedEarningsAccumulatedLosses 2023-03-31 08803967 core:RetainedEarningsAccumulatedLosses 2022-03-31 08803967 bus:SmallEntities 2022-04-01 2023-03-31 08803967 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08803967 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08803967 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08803967 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 08803967
Jane Maddern Cosmetic Containers Ltd
Filleted Unaudited Financial Statements
31 March 2023
Jane Maddern Cosmetic Containers Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
£
Current assets
Stocks
22,276
22,276
Debtors
6
4,010
106
Cash at bank and in hand
129,396
135,664
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
155,682
158,046
Creditors: amounts falling due within one year
7
39,618
46,021
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Net current assets
116,064
112,025
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Total assets less current liabilities
116,064
112,025
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Net assets
116,064
112,025
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Jane Maddern Cosmetic Containers Ltd
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
10
10
Profit and loss account
116,054
112,015
ÄÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄÄ
Shareholders funds
116,064
112,025
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
Mrs J V Heath
Director
Company registration number: 08803967
Jane Maddern Cosmetic Containers Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Brent Holm Unit, Mendip Business Park, Mendip Road, Rooksbridge, BS26 2UG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 8 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 April 2022 and 31 March 2023
239
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Depreciation
At 1 April 2022 and 31 March 2023
239
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Carrying amount
At 31 March 2023
ÍÍÍÍ
At 31 March 2022
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6. Debtors
2023
2022
£
£
Trade debtors
4,010
106
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7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
18,033
22,674
Accruals and deferred income
2,772
953
Corporation tax
12,816
18,152
Social security and other taxes
5,997
4,150
Other creditors
92
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
39,618
46,021
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