C J Jenkins and Sons Ltd 14275238 false 2022-10-01 2023-03-31 2023-03-31 The principal activity of the company is industrial cleaning activities. Digita Accounts Production Advanced 6.30.9574.0 Software true true 14275238 2022-10-01 2023-03-31 14275238 2023-03-31 14275238 core:RetainedEarningsAccumulatedLosses 2023-03-31 14275238 core:ShareCapital 2023-03-31 14275238 core:CurrentFinancialInstruments 2023-03-31 14275238 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 14275238 core:Non-currentFinancialInstruments 2023-03-31 14275238 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 14275238 core:MotorVehicles 2023-03-31 14275238 core:PlantMachinery 2023-03-31 14275238 bus:SmallEntities 2022-10-01 2023-03-31 14275238 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-03-31 14275238 bus:FullAccounts 2022-10-01 2023-03-31 14275238 bus:RegisteredOffice 2022-10-01 2023-03-31 14275238 bus:Director1 2022-10-01 2023-03-31 14275238 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 14275238 bus:Agent1 2022-10-01 2023-03-31 14275238 core:MotorVehicles 2022-10-01 2023-03-31 14275238 core:PlantMachinery 2022-10-01 2023-03-31 14275238 core:Vehicles 2022-10-01 2023-03-31 14275238 countries:AllCountries 2022-10-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 14275238

C J Jenkins and Sons Ltd

Annual Report and

Unaudited Financial Statements


for the Period from 1 October 2022 to 31 March 2023

 

C J Jenkins and Sons Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

C J Jenkins and Sons Ltd

Company Information

Director

Mr C J Jenkins

Registered office

35 Wyeside Gardens
Hay on Wye
Hereford
Powys
HR3 5QR
 

Bankers


NatWest Bank plc
12 Broad Street
Hereford
HR4 9AH

Accountants



W J James and Co
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

C J Jenkins and Sons Ltd

(Registration number: 14275238)

Balance Sheet
as at 31 March 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

58,158

Current assets

 

Stocks

392

Debtors

5

15,860

Cash at bank and in hand

 

304

 

16,556

Creditors: Amounts falling due within one year

6

(39,771)

Net current liabilities

 

(23,215)

Total assets less current liabilities

 

34,943

Creditors: Amounts falling due after more than one year

6

(40,638)

Net liabilities

 

(5,695)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(5,795)

Total equity

 

(5,695)

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

C J Jenkins and Sons Ltd

(Registration number: 14275238)

Balance Sheet
as at 31 March 2023

Approved and authorised by the director on 8 August 2023
 

.........................................

Mr C J Jenkins

Director

 

C J Jenkins and Sons Ltd

Notes to the Financial Statements
for the Period from 1 October 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
35 Wyeside Gardens
Hay on Wye
Hereford
Powys
HR3 5QR

These financial statements were authorised for issue by the director on 8 August 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded up to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The company has net liabilities at the balance sheet date. The director has committed to only drawing their directors loan account when the company is financially able to do so. Accordingly the accounts have been drawn up on a going concern basis.

Revenue recognition

Turnover represents the net amount of cleaning services invoiced for the year excluding VAT.

Tax

The tax expense for the period comprises current tax. Tax is represented in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C J Jenkins and Sons Ltd

Notes to the Financial Statements
for the Period from 1 October 2022 to 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on reducing balance

Motor vehicles

None in the year of purchase, 25% on reducing balance thereafter

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

C J Jenkins and Sons Ltd

Notes to the Financial Statements
for the Period from 1 October 2022 to 31 March 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

 

C J Jenkins and Sons Ltd

Notes to the Financial Statements
for the Period from 1 October 2022 to 31 March 2023

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

50,500

12,694

63,194

At 31 March 2023

50,500

12,694

63,194

Depreciation

Charge for the period

5,036

-

5,036

At 31 March 2023

5,036

-

5,036

Carrying amount

At 31 March 2023

45,464

12,694

58,158

5

Debtors

2023
£

Trade debtors

10,963

Other debtors

4,897

15,860

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Bank loans and overdrafts

7

21,065

Trade creditors

 

30

Taxation and social security

 

2,555

Accruals and deferred income

 

2,450

Other creditors

 

13,671

 

39,771

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

7

40,638

 

C J Jenkins and Sons Ltd

Notes to the Financial Statements
for the Period from 1 October 2022 to 31 March 2023

7

Loans and borrowings

2023
£

Non-current loans and borrowings

HP and finance lease liabilities

40,638

2023
£

Current loans and borrowings

HP and finance lease liabilities

21,065