REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
FOR |
THE JAM FACTORY OXFORD LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
FOR |
THE JAM FACTORY OXFORD LTD |
THE JAM FACTORY OXFORD LTD (REGISTERED NUMBER: 05528862) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
Page |
Company Information | 1 |
Report of the Accountants | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
THE JAM FACTORY OXFORD LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Gates End |
Fairmile |
Henley On Thames |
Oxfordshire |
RG9 2JY |
TAX ADVISORS: |
Albion Dockside Building |
Hanover Place |
Bristol |
BS1 6UT |
THE JAM FACTORY OXFORD LTD |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
THE JAM FACTORY OXFORD LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2018 set out on pages four to ten and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Gates End |
Fairmile |
Henley On Thames |
Oxfordshire |
RG9 2JY |
THE JAM FACTORY OXFORD LTD (REGISTERED NUMBER: 05528862) |
ABRIDGED BALANCE SHEET |
31 JANUARY 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 5 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
THE JAM FACTORY OXFORD LTD (REGISTERED NUMBER: 05528862) |
ABRIDGED BALANCE SHEET - continued |
31 JANUARY 2018 |
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 on |
THE JAM FACTORY OXFORD LTD (REGISTERED NUMBER: 05528862) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
1. | STATUTORY INFORMATION |
The Jam Factory Oxford Ltd is a |
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 |
Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the |
year, exclusive of Value Added Tax and trade discounts. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Office equipment | - |
Other fixed assets | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value after making due allowances for obsolete and |
slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets |
acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired |
by hire purchase are depreciated over their useful lives. Finance lease are those where substantially all of the |
benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in |
creditors net of the finance charge allocated to future periods. The finance element of the rental payment is |
charged to the Profit and loss account so as to produce a constant periodic rate of charge on the net obligation |
outstanding in each period. |
THE JAM FACTORY OXFORD LTD (REGISTERED NUMBER: 05528862) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
2. | ACCOUNTING POLICIES - continued |
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. |
Operating leases |
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease |
term. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2017 |
Additions |
At 31 January 2018 |
DEPRECIATION |
At 1 February 2017 |
Charge for year |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
5. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 11,598 | 11,866 |
Deferred |
tax |
£ |
Balance at 1 February 2017 |
Credit to Abridged Income Statement during year | ( |
) |
Balance at 31 January 2018 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 25,000 | 25,000 |
THE JAM FACTORY OXFORD LTD (REGISTERED NUMBER: 05528862) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2017 |
Profit for the year |
Dividends | ( |
) |
At 31 January 2018 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 January 2018 and |
31 January 2017: |
2018 | 2017 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
9. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £15,000 (2017 - £15,000) were paid to the directors . |
10. | ULTIMATE CONTROLLING PARTY |
Ultimate control of the company rests jointly with Mr A Norton and Mrs C Gaskell. |