Company Registration No. 9803745 (England and Wales)
CJT SERVICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
CJT SERVICE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CJT SERVICE LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
24,239
3,153
Current assets
Stocks
19,073
15,484
Debtors
3
2,381
1,118
Cash at bank and in hand
203,629
248,622
225,083
265,224
Creditors: amounts falling due within one year
4
(29,722)
(41,585)
Net current assets
195,361
223,639
Total assets less current liabilities
219,600
226,792
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
219,500
226,692
Total equity
219,600
226,792
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 23 July 2024
C J Turk
Director
Company Registration No. 9803745
CJT SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information
CJT Service Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Cranefield Drive, Watford, Herts, WD25 9TX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Office equipment
25% reducing balance
Plant and machinery
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
CJT SERVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022
8,354
Additions
29,165
At 31 October 2023
37,519
Depreciation and impairment
At 1 November 2022
5,201
Depreciation charged in the year
8,079
At 31 October 2023
13,280
Carrying amount
At 31 October 2023
24,239
At 31 October 2022
3,153
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,381
1,118
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,406
29,626
Other taxation and social security
5,684
9,200
Other creditors
22,632
2,759
29,722
41,585
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100