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REGISTERED NUMBER: 07792990 (England and Wales)















JOLLY'S SANDWICH BAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






JOLLY'S SANDWICH BAR LIMITED (REGISTERED NUMBER: 07792990)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOLLY'S SANDWICH BAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A Ozbay





SECRETARY:





REGISTERED OFFICE: Hale House, Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW





REGISTERED NUMBER: 07792990 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

JOLLY'S SANDWICH BAR LIMITED (REGISTERED NUMBER: 07792990)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,232 26,501

CURRENT ASSETS
Stocks 2,140 3,220
Debtors 5 42,685 45,005
Cash at bank and in hand 7,640 2,024
52,465 50,249
CREDITORS
Amounts falling due within one year 6 133,871 136,480
NET CURRENT LIABILITIES (81,406 ) (86,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,174

)

(59,730

)

CREDITORS
Amounts falling due after more than one year 7 15,059 20,968
NET LIABILITIES (71,233 ) (80,698 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (71,234 ) (80,699 )
(71,233 ) (80,698 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JOLLY'S SANDWICH BAR LIMITED (REGISTERED NUMBER: 07792990)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





Mr A Ozbay - Director


JOLLY'S SANDWICH BAR LIMITED (REGISTERED NUMBER: 07792990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Jolly's Sandwich Bar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JOLLY'S SANDWICH BAR LIMITED (REGISTERED NUMBER: 07792990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 65,966 20,375 86,341
Additions 3,437 - 3,437
At 31 December 2023 69,403 20,375 89,778
DEPRECIATION
At 1 January 2023 42,185 17,655 59,840
Charge for year 4,026 680 4,706
At 31 December 2023 46,211 18,335 64,546
NET BOOK VALUE
At 31 December 2023 23,192 2,040 25,232
At 31 December 2022 23,781 2,720 26,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 40,075 42,395
Other debtors 2,610 2,610
42,685 45,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 888
Trade creditors - 3,111
Corporation tax payable 4,088 1,570
Social security and other taxes 405 1,684
VAT 2,044 1,105
Directors' current accounts 125,922 126,922
Accrued expenses 1,412 1,200
133,871 136,480

JOLLY'S SANDWICH BAR LIMITED (REGISTERED NUMBER: 07792990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 15,059 20,968

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,059 20,968

8. CALLED UP SHARE CAPITAL

** POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1
THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON
BALANCE SHEET


9. RESERVES
Retained
earnings
£   

At 1 January 2023 (80,699 )
Profit for the year 9,465
At 31 December 2023 (71,234 )