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
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
Jo & Co Restaurants Ltd
Statement of financial position
as at 24 July 2023
Tangible assets
143,449
153,781
Cash at bank and in hand
71,377
83,975
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
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
Jo & Co Restaurants Ltd
Notes to the Accounts
for the year ended 24 July 2023
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.
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.
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.
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
At 24 July 2023
187,296
8,774
196,070
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
At 24 July 2023
141,211
2,238
143,449
At 24 July 2022
150,414
3,367
153,781
Jo & Co Restaurants Ltd
Notes to the Accounts
for the year ended 24 July 2023
Amounts falling due within one year
Accrued income and prepayments
19,044
12,735
Other debtors
24,395
32,738
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,536
46,079
Trade creditors
19,155
23,878
Taxes and social security
12,936
3,025
Loans from directors
290
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 15 (2022: 14).