Registered number: 10139572
JIMMY MACKS CASUAL DINING COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
31 March 2023
PAGES FOR FILING WITH REGISTRAR
JIMMY MACKS CASUAL DINING COMPANY LIMITED
COMPANY INFORMATION
DIRECTORS
Mr James McCloskey
Mrs Claire McCloskey
REGISTERED NUMBER
10139572
REGISTERED OFFICE
7 Queensway
Queensway
Halesowen
West Midlands
B63 4AB
ACCOUNTANTS
Steve Smith FCA
(Chartered Accountants)
38 Timbertree Road
Cradley Heath
West Midlands
B64 7LE
JIMMY MACKS CASUAL DINING COMPANY LIMITED
CONTENTS
Page
Balance Sheet
1
Notes to the financial statements
3
JIMMY MACKS CASUAL DINING COMPANY LIMITED
BALANCE SHEET as at 31 March 2023
2023
2023
2022
2022
Note
£
£
£
£
FIXED ASSETS
Tangible fixed assets
2
6,112
5,233
CURRENT ASSETS
Stock
857
643
Debtors
3
11,000
10,000
Bank and cash
74,830
77,948
86,687
88,591
CREDITORS amounts falling due within one year
4
(43,518)
(47,136)
NET CURRENT ASSETS
43,169
41,455
TOTAL ASSETS LESS CURRENT LIABILITIES
49,281
46,688
Provisions for liabilities and charges
5
(1,299)
(982)
NET ASSETS
47,982
45,706
CAPITAL AND RESERVES
Called up share capital
6
1
1
Profit and loss account
47,981
45,705
SHAREHOLDERS FUNDS
47,982
45,706
For the year ended 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 accounts for the year 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 accounts
These accounts have been prepared in accordance with the special provisions of the small companies' regime of the Companies Act 2006
As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account
Page 1
JIMMY MACKS CASUAL DINING COMPANY LIMITED
BALANCE SHEET as at 31 March 2023 (continued)
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2023.
Mr James McCloskey
Director
Page 2
JIMMY MACKS CASUAL DINING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1.
ACCOUNTING POLICIES
Basis of preparation of financial statements
The company is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is 7 Queensway, Queensway, Halesowen, West Midlands B63 4AB.
The financial statements have been prepared on the going concern basis, under the historical cost convention. The financial statements of Jimmy Macks Casual Dining Company Limited have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A Small Entities of Financial Reporting Standard 102. “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.
The significant accounting policies applied in the preparation of these financial statements are set out below.
Turnover
Turnover consists of revenue received for the supply of goods to third parties. Revenue is recognised as the daily till takings.
Covid-19 Business support grants
Covid-19 business support grants provided by HM Revenue and Customs and the local council are recognised in the financial statements when received. They are included in other operating income in the profit and loss account.
Cash Flow
The financial statements do not include a cash flow statement because the company, as a small reporting entity is exempt from the requirement to prepare such a statement.
Depreciation
Tangible fixed assets are valued at historic purchase cost less accumulated depreciation. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Fixtures, fittings, tools and equipment
5 years
Page 3
JIMMY MACKS CASUAL DINING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023 (Continued)
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax at a future date, at rates expected to apply when they crystallise based on current tax rates and legislation. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the accounts.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. On the grounds of immateriality deferred tax assets and liabilities are not discounted.
Stock
Stocks are stated at the lower of cost and estimated selling price.
Page 4
JIMMY MACKS CASUAL DINING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023 (continued)
2.  TANGIBLE FIXED ASSETS
Fixtures, Fittings
Tools &
Equipment
£
At 1 April 2022
Cost
28,682
Accumulated depreciation
(23,449)
Net book amount
5,233
Year ended 31 March 2023
Opening net book amount
5,233
Additions
2,621
Depreciation
(1,742)
Closing net book amount
6,112
At 31 March 2023
Cost
31,303
Accumulated depreciation
(25,191)
Net book amount
6,112
3
DEBTORS
2023
2022
£
£
Directors' current account
1,000
-
Other debtors
10,000
10,000
10,000
11,000
Page 5
JIMMY MACKS CASUAL DINING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023 (continued)
4.  CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
17,805
34,439
VAT
14,861
9,095
Accruals and deferred income
10,852
3,602
43,518
47,136
5.
PROVISION FOR LIABILITIES AND CHARGES – Deferred tax
2023
2022
£
£
Accelerated capital allowances
1,299
982
6.
CALLED UP SHARE CAPITAL
£
2023 & 2022
Authorised, allotted and fully paid
2 Equity Ordinary shares of 50p each
1
7.
CONTROLLING PARTY
The company is under the control of Mrs Claire McCloskey and Mr James McCloskey who hold 100% of the ordinary shares in the company.
Page 6
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