Joseph Scott Limited - Accounts to registrar (filleted) - small 18.2
Joseph Scott Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| FOR |
| JOSEPH SCOTT LIMITED |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JOSEPH SCOTT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 34a Watling Street |
| Radlett |
| Hertfordshire |
| WD7 7NN |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| BALANCE SHEET |
| 31 MARCH 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| 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. |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| BALANCE SHEET - continued |
| 31 MARCH 2021 |
| 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 |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 1. | STATUTORY INFORMATION |
| Joseph Scott Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2020 |
| Additions |
| At 31 March 2021 |
| DEPRECIATION |
| At 1 April 2020 |
| Charge for year |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Pension | 786 | 760 |
| VAT | 69,758 | 24,584 |
| Directors' current accounts | 68,976 | 18,088 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans - 2-5 years |
| During the year the company availed itself of the Govt-backed CBILS Loan. There is no interest payable, nor capital repayments due, for the first year. Over the remaining 5 year term, the loan is repayable by equal instalments, with interest at 4.85%. There are no penalties on early redemption. |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary shares | £1 | 2 | 2 |
| Ordinary A Shares | £1 | 10 | - |
| (2020 - NIL) |
| Ordinary B Shares | £1 | 10 | - |
| (2020 - NIL) |
| Ordinary C shares | £1 | 10 | - |
| (2020 - NIL) |
| Ordinary D Shares | £1 | 10 | - |
| (2020 - NIL) |
| 42 | 2 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary A Shares | £1 | 10 | - |
| (2020 - NIL) |
| Ordinary B Shares | £1 | 10 | - |
| (2020 - NIL) |
| Ordinary C Shares | £1 | 10 | - |
| (2020 - NIL) |
| Ordinary D Shares | £1 | 10 | - |
| (2020 - NIL) |
| 40 | - |
| The following shares were issued during the year for cash at par : |
| 10 Ordinary A Shares shares of £1 |
| 10 Ordinary B Shares shares of £1 |
| 10 Ordinary C shares shares of £1 |
| 10 Ordinary D Shares shares of £1 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2020 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 March 2021 |
| JOSEPH SCOTT LIMITED (REGISTERED NUMBER: 08447875) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 10. | RELATED PARTY DISCLOSURES |
| The company is owed £38,300 (2020 - £NIL) by Agris Group Ltd, a related company in which Mr J Faldes and Mr S N Vincent are both directors and shareholders. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the directors by virtue of their combined ownership of the voting share capital. |