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Company Registration No. 11457692 (England and Wales)
Jo & Co Restaurants Ltd Unaudited accounts for the year ended 24 July 2023
Jo & Co Restaurants Ltd Unaudited accounts Contents
Page
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Jo & Co Restaurants Ltd Company Information for the year ended 24 July 2023
Directors
Joanna Morrison Peter Morrison
Company Number
11457692 (England and Wales)
Registered Office
85 UPPER NORTH STREET BRIGHTON BN1 3FL UNITED KINGDOM
Accountants
Monty Accounting Solutions 16 Smitham Bridge Road Hungerford Berkshire RG17 0QP
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Jo & Co Restaurants Ltd Statement of financial position as at 24 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
143,449 
153,781 
Current assets
Inventories
13,688 
8,636 
Debtors
43,439 
45,473 
Cash at bank and in hand
71,377 
83,975 
128,504 
138,084 
Creditors: amounts falling due within one year
(81,332)
(116,408)
Net current assets
47,172 
21,676 
Total assets less current liabilities
190,621 
175,457 
Creditors: amounts falling due after more than one year
(33,661)
- 
Net assets
156,960 
175,457 
Capital and reserves
Called up share capital
1,001 
1,001 
Share premium
149,713 
149,713 
Profit and loss account
6,246 
24,743 
Shareholders' funds
156,960 
175,457 
For the year ending 24 July 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 19 April 2024 and were signed on its behalf by
Joanna Morrison Director Company Registration No. 11457692
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Jo & Co Restaurants Ltd Notes to the Accounts for the year ended 24 July 2023
1
Statutory information
Jo & Co Restaurants Ltd is a private company, limited by shares, registered in England and Wales, registration number 11457692. The registered office is 85 UPPER NORTH STREET, BRIGHTON, BN1 3FL, UNITED KINGDOM.
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.
3
Accounting policies
These financial statements for the year ended 24 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 25 July 2022
185,180 
8,350 
193,530 
Additions
2,116 
424 
2,540 
At 24 July 2023
187,296 
8,774 
196,070 
Depreciation
At 25 July 2022
34,766 
4,983 
39,749 
Charge for the year
11,319 
1,553 
12,872 
At 24 July 2023
46,085 
6,536 
52,621 
Net book value
At 24 July 2023
141,211 
2,238 
143,449 
At 24 July 2022
150,414 
3,367 
153,781 
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Jo & Co Restaurants Ltd Notes to the Accounts for the year ended 24 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
19,044 
12,735 
Other debtors
24,395 
32,738 
43,439 
45,473 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,536 
46,079 
VAT
41,248 
40,659 
Trade creditors
19,155 
23,878 
Taxes and social security
12,936 
3,025 
Other creditors
166 
92 
Loans from directors
290 
- 
Accruals
1,001 
2,675 
81,332 
116,408 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,661 
- 
8
Average number of employees
During the year the average number of employees was 15 (2022: 14).
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