JENNINGS COMPUTER ENGINEERING LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
JENNINGS COMPUTER ENGINEERING LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JENNINGS COMPUTER ENGINEERING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Fairfax House |
6a Mill Field Road |
Cottingley Business Park |
Bradford |
West Yorkshire |
BD16 1PY |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
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 Board of Directors and authorised for issue on |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
Jennings Computer Engineering Limited is a |
In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Moo Fixed Assets | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Highfield plant and fixtures | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Moo Fixed | Plant and | and |
Assets | machinery | fittings |
£ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
Eliminated on disposal |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
Highfield |
Motor | plant and |
vehicles | fixtures | Totals |
£ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
The Directors consider the market value of the freehold property to be higher than the historic cost in the balance sheet and therefore no depreciation has been charged in the year. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 32,347 | 54,461 |
Advance Payments Contracts |
Credit card account | 8,219 | 8,069 |
Directors' current accounts | 88,211 | 16,556 |
Accrued expenses |
Loans from directors are interest free and repayable on demand. |
7. | PROVISIONS FOR LIABILITIES |
30.9.23 | 30.9.22 |
£ | £ |
Deferred tax | 2,669 | 1,035 |
Deferred |
tax |
£ |
Balance at 1 October 2022 |
Accelerated capital allowances | 1,634 |
Balance at 30 September 2023 |
JENNINGS COMPUTER ENGINEERING LIMITED (REGISTERED NUMBER: 01745385) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.23 | 30.9.22 |
value: | £ | £ |
Ordinary | £1 | 2,800 | 2,800 |
A Ordinary | £1 | 1,200 | 1,200 |
4,000 | 4,000 |
9. | ULTIMATE CONTROLLING PARTY |
The directors have ultimate control of the company due to holding all the shares in issue. |
10. | OTHER INFORMATION |
The freehold property from which the company trades under the trading style of The Highfield Hotel is owned by the directors of the company in a personal capacity. No rent is charged by the directors in respect of the use of the building or associated grounds however all expenditure in connection with the repair of the premisses of The Highfield Hotel has been borne by Jennings Computer Engineering Limited as the economic benefits and rewards of the trade will be received by them for the foreseeable future. |