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REGISTERED NUMBER: 04662061 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAMIES PASTY SHOP LIMITED

JAMIES PASTY SHOP LIMITED (REGISTERED NUMBER: 04662061)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMIES PASTY SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J M Evans
N Coppen





SECRETARY: N Coppen





REGISTERED OFFICE: 6 Central Square
Newquay
Cornwall
TR7 1EX





REGISTERED NUMBER: 04662061 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

JAMIES PASTY SHOP LIMITED (REGISTERED NUMBER: 04662061)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,492 25,464
26,492 25,464

CURRENT ASSETS
Stocks 100 100
Debtors 6 40,588 41,471
Cash at bank and in hand 13,145 15,247
53,833 56,818
CREDITORS
Amounts falling due within one year 7 54,192 53,225
NET CURRENT (LIABILITIES)/ASSETS (359 ) 3,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,133

29,057

CREDITORS
Amounts falling due after more than one
year

8

14,481

14,481
NET ASSETS 11,652 14,576

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,650 14,574
SHAREHOLDERS' FUNDS 11,652 14,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

JAMIES PASTY SHOP LIMITED (REGISTERED NUMBER: 04662061)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Mrs J M Evans - Director


JAMIES PASTY SHOP LIMITED (REGISTERED NUMBER: 04662061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jamies Pasty Shop 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

JAMIES PASTY SHOP LIMITED (REGISTERED NUMBER: 04662061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 20,000 38,088 2,468 60,556
Additions - 2,421 - 2,421
At 31 March 2024 20,000 40,509 2,468 62,977
DEPRECIATION
At 1 April 2023 - 32,722 2,370 35,092
Charge for year - 1,369 24 1,393
At 31 March 2024 - 34,091 2,394 36,485
NET BOOK VALUE
At 31 March 2024 20,000 6,418 74 26,492
At 31 March 2023 20,000 5,366 98 25,464

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 40,588 32,561
Tax - 8,910
40,588 41,471

JAMIES PASTY SHOP LIMITED (REGISTERED NUMBER: 04662061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 686 7,686
Trade creditors 6,132 4,697
Tax 1,636 -
Social security and other taxes 1,613 1,897
Directors' current accounts 42,112 37,112
Accrued expenses 2,013 1,833
54,192 53,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 7,440 7,440
Bank loans - 2-5 years 7,041 7,041
14,481 14,481

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company is owed £39,250 from Korner Kabin Ltd (2023: £32,250)

Mrs Evans owns 51% of the ordinary issued share capital of Korner Kabin Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J M Evans.