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REGISTERED NUMBER: 08901384 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

J A Stiff Limited

J A Stiff Limited (Registered number: 08901384)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J A Stiff Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr J Stiff





SECRETARIES: Mrs S E Jackson
Mrs S L Stiff





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 08901384 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

J A Stiff Limited (Registered number: 08901384)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 70,000

CURRENT ASSETS
Debtors 5 758,459 766,474
Cash at bank and in hand 708,352 475,851
1,466,811 1,242,325
CREDITORS
Amounts falling due within one year 6 93,905 87,593
NET CURRENT ASSETS 1,372,906 1,154,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,402,906

1,224,732

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,402,806 1,224,632
SHAREHOLDERS' FUNDS 1,402,906 1,224,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





Mr J Stiff - Director


J A Stiff Limited (Registered number: 08901384)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

J A Stiff Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the company's share of the profits of the partnership Cheffins.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J A Stiff Limited (Registered number: 08901384)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 400,000
AMORTISATION
At 1 July 2022 330,000
Amortisation for year 40,000
At 30 June 2023 370,000
NET BOOK VALUE
At 30 June 2023 30,000
At 30 June 2022 70,000

Goodwill arose on the purchase of the company's share in Cheffins.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from Cheffins 613,437 609,052
Directors' current accounts 145,022 157,422
758,459 766,474

Other than as stated under directors' current accounts, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 93,047 86,735
Accruals and deferred income 858 858
93,905 87,593

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 100 100

J A Stiff Limited (Registered number: 08901384)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr J Stiff
Balance outstanding at start of year 157,422 46,049
Amounts advanced 145,334 188,182
Amounts repaid (157,734 ) (76,809 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 145,022 157,422

Interest was charged on the director's advances at H M Revenue & Customs official rate of 2% per annum to 5 April 2023 and 2.25% thereafter.

The outstanding advances were repaid within nine months of the year end.