Company Registration No. 05200963 (England and Wales)
Jenks and Co. Limited
Unaudited accounts
for the year ended 31 August 2023
Jenks and Co. Limited
Unaudited accounts
Contents
Jenks and Co. Limited
Company Information
for the year ended 31 August 2023
Directors
P Jenks
B Jenks
D Jenks
Company Number
05200963 (England and Wales)
Registered Office
Silverbeck
Jumps Road
Churt
Surrey
GU10 2HL
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Jenks and Co. Limited
Statement of financial position
as at 31 August 2023
Intangible assets
2,656
7,919
Tangible assets
6,245
8,326
Cash at bank and in hand
4,080
2,804
Creditors: amounts falling due within one year
(131,622)
(130,492)
Net current liabilities
(127,542)
(126,826)
Net liabilities
(118,641)
(110,581)
Called up share capital
1,000
1,000
Share premium
29,375
29,375
Profit and loss account
(149,016)
(140,956)
Shareholders' funds
(118,641)
(110,581)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by
P Jenks
Director
Company Registration No. 05200963
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2023
Jenks and Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 05200963. The registered office is Silverbeck, Jumps Road, Churt, Surrey, GU10 2HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Amortisation is calculated so as to write off the cost of an asset, less its estimates residual value, over the useful economic life of that asset as follows:
Goodwill - 10% straight line
Intangibles - 20% straight line
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
25% reducing balance
At the balance sheet date the company has net liabilities of £118,643. The ability of the company to continue to trade is dependant upon the continuing support of one of the directors.
The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the accounts on a going concern basis.
The financial statements do not include any adjustment that would result from the withdrawal of support by the director.
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Other
At 1 September 2022
26,297
At 1 September 2022
18,378
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2022
6,707
12,337
19,044
At 31 August 2023
6,707
12,337
19,044
At 1 September 2022
6,642
4,076
10,718
Charge for the year
16
2,065
2,081
At 31 August 2023
6,658
6,141
12,799
At 31 August 2023
49
6,196
6,245
At 31 August 2022
65
8,261
8,326
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
130,997
129,867
8
Transactions with related parties
The company occupies a warehouse premises owned by Mr P Jenks for which it pays no rent.
As at the balance sheet date the company owed Mr P Jenks, one of the directors, £130,977 (2022 - £129,867)
Jenks and Co. Limited
Notes to the Accounts
for the year ended 31 August 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 1).