REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
for |
CUMMINS & JENNINGS LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2023 to 31 March 2024 |
for |
CUMMINS & JENNINGS LTD |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Contents of the Financial Statements |
for the period 1 January 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
CUMMINS & JENNINGS LTD |
Company Information |
for the period 1 January 2023 to 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Statement of Financial Position |
31 March 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | 9 |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Retained earnings |
The directors acknowledge their 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. |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Statement of Financial Position - continued |
31 March 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Notes to the Financial Statements |
for the period 1 January 2023 to 31 March 2024 |
1. | Statutory information |
Cummins & Jennings Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
The purchased goodwill is considered to consist of a number of intangible assets which could not be reliably measured individually, such as methodology, working practices and industry reputation. At acquisition the directors reasonably expect to derive benefit from this goodwill for a minimum of 10 years. |
Tangible fixed assets |
Fixtures, fittings & equipment | - |
During the period ended 31 December 2016 the company won a van in a supplier prize draw. This van has been recorded in the company's fixed asset register at nil cost. The directors consider the value of the van when received to be £12,000. |
The van remains in ownership at the year end. |
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. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 31 March 2024 |
2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 January 2023 |
and 31 March 2024 |
Amortisation |
At 1 January 2023 |
and 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 December 2022 |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 31 March 2024 |
5. | Tangible fixed assets |
Fixtures, |
fittings |
& equipment |
£ |
Cost |
At 1 January 2023 |
Additions |
At 31 March 2024 |
Depreciation |
At 1 January 2023 |
Charge for period |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 December 2022 |
6. | Stocks |
2024 | 2022 |
£ | £ |
Finished goods |
7. | Debtors: amounts falling due within one year |
2024 | 2022 |
£ | £ |
Trade debtors |
8. | Creditors: amounts falling due within one year |
2024 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | Provisions for liabilities |
2024 | 2022 |
£ | £ |
Deferred tax | 1,198 | 1,504 |
Deferred |
tax |
£ |
Balance at 1 January 2023 |
Provided during period | ( |
) |
Balance at 31 March 2024 |
CUMMINS & JENNINGS LTD (REGISTERED NUMBER: 07851864) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 31 March 2024 |
10. | Called up share capital |
At the end of the financial year the following share classes are in place: |
Number: | Class: | Nominal | 2024 | 2022 |
value: | £ | £ |
1 | Ordinary | £1.00 |
20 | Ordinary | £0.01 | 0.20 | 0.20 |
40 | A Shares | £0.01 | 0.40 | 0.40 |
40 | B Shares | £0.01 | 0.40 | 0.40 |
1 | 1 |
11. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 31 December 2022: |
2024 | 2022 |
£ | £ |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) | ( |
) |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) | ( |
) |