Registered number
13086601
JSD Fry Limited
Filleted Accounts
31 January 2024
JSD Fry Limited
Registered number: 13086601
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 137,500 154,000
Tangible assets 4 8,859 11,471
146,359 165,471
Current assets
Stocks 1,956 1,765
Debtors 5 5,378 5,194
Cash at bank and in hand 42,050 24,334
49,384 31,293
Creditors: amounts falling due within one year 6 (22,002) (30,434)
Net current assets 27,382 859
Total assets less current liabilities 173,741 166,330
Creditors: amounts falling due after more than one year 7 (198,928) (200,006)
Provisions for liabilities (1,683) (2,179)
Net liabilities (26,870) (35,855)
Capital and reserves
Called up share capital 100 100
Profit and loss account (26,970) (35,955)
Shareholders' funds (26,870) (35,855)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J H Lee
Director
Approved by the board on 28 October 2024
JSD Fry Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 165,000
At 31 January 2024 165,000
Amortisation
At 1 February 2023 11,000
Provided during the year 16,500
At 31 January 2024 27,500
Net book value
At 31 January 2024 137,500
At 31 January 2023 154,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 13,059
At 31 January 2024 13,059
Depreciation
At 1 February 2023 1,588
Charge for the year 2,612
At 31 January 2024 4,200
Net book value
At 31 January 2024 8,859
At 31 January 2023 11,471
5 Debtors 2024 2023
£ £
Other debtors 5,378 5,194
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,508 5,574
Taxation and social security costs 7,787 23,035
Other creditors 3,707 1,825
22,002 30,434
7 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 198,928 200,006
8 Other information
JSD Fry Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hope Cottage, Forest Road
Swanmore
Southampton
Hampshire
SO32 2PL
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