Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2017 1 January 2017 false 1 January 2018 31 December 2018 31 December 2018 09332829 Mr Anthonipillai Jeyanthiran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09332829 2017-12-31 09332829 2018-12-31 09332829 2018-01-01 2018-12-31 09332829 frs-core:CurrentFinancialInstruments 2018-12-31 09332829 frs-core:Non-currentFinancialInstruments 2018-12-31 09332829 frs-core:FurnitureFittings 2018-12-31 09332829 frs-core:FurnitureFittings 2018-01-01 2018-12-31 09332829 frs-core:FurnitureFittings 2017-12-31 09332829 frs-core:NetGoodwill 2018-12-31 09332829 frs-core:NetGoodwill 2018-01-01 2018-12-31 09332829 frs-core:NetGoodwill 2017-12-31 09332829 frs-core:ShareCapital 2018-12-31 09332829 frs-core:RetainedEarningsAccumulatedLosses 2018-12-31 09332829 frs-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 09332829 frs-bus:FilletedAccounts 2018-01-01 2018-12-31 09332829 frs-bus:SmallEntities 2018-01-01 2018-12-31 09332829 frs-bus:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 09332829 frs-bus:SmallCompaniesRegimeForAccounts 2018-01-01 2018-12-31 09332829 frs-bus:Director1 2018-01-01 2018-12-31 09332829 frs-countries:EnglandWales 2018-01-01 2018-12-31 09332829 2016-12-31 09332829 2017-12-31 09332829 2017-01-01 2017-12-31 09332829 frs-core:CurrentFinancialInstruments 2017-12-31 09332829 frs-core:Non-currentFinancialInstruments 2017-12-31 09332829 frs-core:ShareCapital 2017-12-31 09332829 frs-core:RetainedEarningsAccumulatedLosses 2017-12-31
Registered number: 09332829
J & J Fastfood Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09332829
2018 2017
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 22,000 23,000
Tangible Assets 4 4,052 5,394
26,052 28,394
CURRENT ASSETS
Stocks 5 1,950 2,100
Debtors 6 83,026 37,294
Cash at bank and in hand 2,844 1,041
87,820 40,435
Creditors: Amounts Falling Due Within One Year 7 (50,714 ) (25,401 )
NET CURRENT ASSETS (LIABILITIES) 37,106 15,034
TOTAL ASSETS LESS CURRENT LIABILITIES 63,158 43,428
Creditors: Amounts Falling Due After More Than One Year 8 (89,171 ) (45,960 )
NET LIABILITIES (26,013 ) (2,532 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (26,015 ) (2,534 )
SHAREHOLDERS' FUNDS (26,013) (2,532)
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For the year ending 31 December 2018 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthonipillai Jeyanthiran
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2017: 5)
5 5
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3. Intangible Assets
Goodwill
£
Cost
As at 1 January 2018 25,000
As at 31 December 2018 25,000
Amortisation
As at 1 January 2018 2,000
Impairment losses 1,000
As at 31 December 2018 3,000
Net Book Value
As at 31 December 2018 22,000
As at 1 January 2018 23,000
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2018 13,486
Additions 1,693
As at 31 December 2018 15,179
Depreciation
As at 1 January 2018 8,092
Provided during the period 3,035
As at 31 December 2018 11,127
Net Book Value
As at 31 December 2018 4,052
As at 1 January 2018 5,394
5. Stocks
2018 2017
£ £
Stock - materials 1,950 2,100
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6. Debtors
2018 2017
£ £
Due within one year
Trade debtors 2,694 5,000
Other debtors 80,332 32,294
83,026 37,294
7. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Trade creditors 21,001 6,000
Other taxes and social security 16,554 14,359
Other creditors 13,159 5,042
50,714 25,401
8. Creditors: Amounts Falling Due After More Than One Year
2018 2017
£ £
Bank loans 89,171 45,960
89,171 45,960
9. Share Capital
2018 2017
£ £
Allotted, Called up and fully paid 2 2
10. General Information
J & J Fastfood Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09332829 . The registered office is 15 Euston Avenue, Watford, WD18 7SZ.
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