Jacob and Sons Accommodation Ltd 10455156 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true true 10455156 2022-12-01 2023-11-30 10455156 2023-11-30 10455156 core:RetainedEarningsAccumulatedLosses 2023-11-30 10455156 core:ShareCapital 2023-11-30 10455156 core:CurrentFinancialInstruments 2023-11-30 10455156 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 10455156 core:FurnitureFittingsToolsEquipment 2023-11-30 10455156 bus:SmallEntities 2022-12-01 2023-11-30 10455156 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 10455156 bus:FullAccounts 2022-12-01 2023-11-30 10455156 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10455156 bus:RegisteredOffice 2022-12-01 2023-11-30 10455156 bus:Director2 2022-12-01 2023-11-30 10455156 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10455156 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 10455156 countries:EnglandWales 2022-12-01 2023-11-30 10455156 2022-11-30 10455156 core:FurnitureFittingsToolsEquipment 2022-11-30 10455156 2021-12-01 2022-11-30 10455156 2022-11-30 10455156 core:RetainedEarningsAccumulatedLosses 2022-11-30 10455156 core:ShareCapital 2022-11-30 10455156 core:CurrentFinancialInstruments 2022-11-30 10455156 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 10455156 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 10455156

Jacob and Sons Accommodation Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Jacob and Sons Accommodation Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Jacob and Sons Accommodation Ltd

Company Information

Director

Mr Igoris Krymcevas

Registered office

20 Monterey Gardens
Bognor Regis
West Sussex
PO21 2FY

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Jacob and Sons Accommodation Ltd

(Registration number: 10455156)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,331

3,643

Current assets

 

Debtors

6

19,330

15,777

Cash at bank and in hand

 

3,654

3,467

 

22,984

19,244

Creditors: Amounts falling due within one year

7

(107,554)

(79,663)

Net current liabilities

 

(84,570)

(60,419)

Total assets less current liabilities

 

(82,239)

(56,776)

Provisions for liabilities

(8,377)

(8,377)

Net liabilities

 

(90,616)

(65,153)

Capital and reserves

 

Called up share capital

74

74

Retained earnings

(90,690)

(65,227)

Shareholders' deficit

 

(90,616)

(65,153)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 August 2024
 

.........................................
Mr Igoris Krymcevas
Director

 

Jacob and Sons Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Monterey Gardens
Bognor Regis
West Sussex
PO21 2FY

These financial statements were authorised for issue by the director on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Jacob and Sons Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2022 - 9).

4

Loss before tax

Arrived at after charging/(crediting)

 

Jacob and Sons Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Profit before tax (continued)

2023
£

2022
£

Depreciation expense

1,313

1,353

 

Jacob and Sons Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

5,414

5,414

At 30 November 2023

5,414

5,414

Depreciation

At 1 December 2022

1,771

1,771

Charge for the year

1,312

1,312

At 30 November 2023

3,083

3,083

Carrying amount

At 30 November 2023

2,331

2,331

At 30 November 2022

3,643

3,643

6

Debtors

Current

2023
£

2022
£

Trade debtors

11,571

7,066

Prepayments

5,243

4,934

Other debtors

2,516

3,777

 

19,330

15,777

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

-

1

Trade creditors

 

48,598

50,648

Taxation and social security

 

14,962

-

Accruals and deferred income

 

1,703

2,187

Other creditors

 

42,291

26,827

 

107,554

79,663

 

Jacob and Sons Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank overdrafts

-

1