Jumbocolor Limited Filleted accounts for Companies House (small and micro)
Jumbocolor Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04111903
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
20 May 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04111903
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Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Brookside Court, St. Breward, Bodmin, Cornwall, PL30 4LN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
2
).
5.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2018 |
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Additions |
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– |
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------- |
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At 31 December 2018 |
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------- |
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Depreciation |
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At 1 January 2018 |
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Charge for the year |
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– |
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------- |
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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– |
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At 31 December 2017 |
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– |
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6.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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------- |
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------- |
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7.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2018 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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2017 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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9.
Related party transactions
The company is under equal control of
Mr M Elsey
and Mrs J Elsey. Mr M Elsey
owns 100% of the ordinary 'A' share capital and Mrs J Elsey owns 100% of the ordinary 'B' share capital. Mr M Elsey
is the sole Managing Director. During the year dividends of £2,000 (2017 £nil) were paid to the holder of the ordinary "A" share capital and £13,000 (2017 £20,000) were paid to the holder of the ordinary 'B' share capital. An interest free loan was made to Trekeek Limited, a company under the control of Mr M Elsey
that totalled £1,400.00. At the year end £350.06 of the loan remained outstanding. The loan is interest free and repayable over 2 years.