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REGISTERED NUMBER: NI033764 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

J & C FROZEN FOODS LTD

J & C FROZEN FOODS LTD (REGISTERED NUMBER: NI033764)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


J & C FROZEN FOODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A Finnegan
A D Finnegan



REGISTERED OFFICE: 17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



REGISTERED NUMBER: NI033764 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
Chartered Certified Accountants
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Ulster Bank
Westwood Retail Park
Kennedy Way
Belfast
BT11 9QB

J & C FROZEN FOODS LTD (REGISTERED NUMBER: NI033764)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,300 13,236

CURRENT ASSETS
Stocks 5 68,946 43,699
Debtors 6 122,860 102,752
Cash at bank and in hand 160,433 196,644
352,239 343,095
CREDITORS
Amounts falling due within one year 7 245,496 208,861
NET CURRENT ASSETS 106,743 134,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,043

147,470

PROVISIONS FOR LIABILITIES 667 587
NET ASSETS 117,376 146,883

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 116,876 146,383
117,376 146,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

J & C FROZEN FOODS LTD (REGISTERED NUMBER: NI033764)

BALANCE SHEET - continued
31 MAY 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 29 January 2025 and were signed on its behalf by:





A Finnegan - Director


J & C FROZEN FOODS LTD (REGISTERED NUMBER: NI033764)

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


1. STATUTORY INFORMATION

J & C Frozen Foods Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% 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.

J & C FROZEN FOODS LTD (REGISTERED NUMBER: NI033764)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Motor Computer
machinery & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,649 5,589 41,023 4,961 54,222
Additions - - 5,750 - 5,750
Disposals - - (25,523 ) - (25,523 )
At 31 May 2024 2,649 5,589 21,250 4,961 34,449
DEPRECIATION
At 1 June 2023 735 3,613 32,129 4,509 40,986
Charge for year 479 845 3,400 269 4,993
Eliminated on disposal - - (22,830 ) - (22,830 )
At 31 May 2024 1,214 4,458 12,699 4,778 23,149
NET BOOK VALUE
At 31 May 2024 1,435 1,131 8,551 183 11,300
At 31 May 2023 1,914 1,976 8,894 452 13,236

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 68,946 43,699

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 109,318 86,581
Other debtors 13,542 16,171
122,860 102,752

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 28,710 34,102
Trade creditors 56,756 46,659
Taxation and social security 1,586 2,569
Other creditors 158,444 125,531
245,496 208,861