Silverfin false 31/03/2022 31/03/2022 18/03/2021 Patrick Grant-Sturgis 18/03/2021 29 August 2022 The principal activity of the Company during the financial period was the manufacture of children's drinks. 13274811 2022-03-31 13274811 bus:Director1 2022-03-31 13274811 core:CurrentFinancialInstruments 2022-03-31 13274811 core:Non-currentFinancialInstruments 2022-03-31 13274811 core:ShareCapital 2022-03-31 13274811 core:RetainedEarningsAccumulatedLosses 2022-03-31 13274811 core:ComputerSoftware 2021-03-17 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-17 13274811 core:PatentsTrademarksLicencesConcessionsSimilar 2021-03-17 13274811 2021-03-17 13274811 core:ComputerSoftware 2022-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 13274811 bus:OrdinaryShareClass1 2022-03-31 13274811 2021-03-18 2022-03-31 13274811 bus:FullAccounts 2021-03-18 2022-03-31 13274811 bus:SmallEntities 2021-03-18 2022-03-31 13274811 bus:AuditExemptWithAccountantsReport 2021-03-18 2022-03-31 13274811 bus:PrivateLimitedCompanyLtd 2021-03-18 2022-03-31 13274811 bus:Director1 2021-03-18 2022-03-31 13274811 1 2021-03-18 2022-03-31 13274811 core:ComputerSoftware core:TopRangeValue 2021-03-18 2022-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2021-03-18 2022-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2021-03-18 2022-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-18 2022-03-31 13274811 core:ComputerSoftware 2021-03-18 2022-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar 2021-03-18 2022-03-31 13274811 core:Non-currentFinancialInstruments 2021-03-18 2022-03-31 13274811 bus:OrdinaryShareClass1 2021-03-18 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13274811 (England and Wales)

JAMU WILD KIDS LTD
(Formerly Only Good Puds Ltd)

Unaudited Financial Statements
For the financial period from 18 March 2021 to 31 March 2022
Pages for filing with the registrar

JAMU WILD KIDS LTD

Unaudited Financial Statements

For the financial period from 18 March 2021 to 31 March 2022

Contents

JAMU WILD KIDS LTD

COMPANY INFORMATION

For the financial period from 18 March 2021 to 31 March 2022
JAMU WILD KIDS LTD

COMPANY INFORMATION (continued)

For the financial period from 18 March 2021 to 31 March 2022
DIRECTOR Patrick Grant-Sturgis
SECRETARY Tahimoana Grant-Sturgis
REGISTERED OFFICE 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
COMPANY NUMBER 13274811 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
Stratus House
Emperor Way
Exeter Business Park
Exeter
EX1 3QS
JAMU WILD KIDS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2022
JAMU WILD KIDS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2022
Note 31.03.2022
£
Fixed assets
Intangible assets 3 59,894
59,894
Current assets
Stocks 7,000
Debtors 4 42,239
Cash at bank and in hand 93,934
143,173
Creditors
Amounts falling due within one year 5 ( 25,725)
Net current assets 117,448
Total assets less current liabilities 177,342
Creditors
Amounts falling due after more than one year 6 ( 208,840)
Net liabilities ( 31,498)
Capital and reserves
Called-up share capital 8 2
Profit and loss account ( 31,500 )
Total shareholders' deficit ( 31,498)

For the financial period ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Jamu Wild Kids Ltd (registered number: 13274811) were approved and authorised for issue by the Director on 29 August 2022. They were signed on its behalf by:

Patrick Grant-Sturgis
Director
JAMU WILD KIDS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 March 2021 to 31 March 2022
JAMU WILD KIDS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 March 2021 to 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Jamu Wild Kids Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales, registered number 13274811. The address of the Company's registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Development costs 10 years straight line
Trademarks, patents and licences 10 years straight line
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

Period from
18.03.2021 to
31.03.2022
Number
Monthly average number of persons employed by the Company during the period, including the director 2

3. Intangible assets

Computer software Development costs Trademarks, patents
and licences
Total
£ £ £ £
Cost
At 18 March 2021 0 0 0 0
Additions 54,759 7,600 1,712 64,071
At 31 March 2022 54,759 7,600 1,712 64,071
Accumulated amortisation
At 18 March 2021 0 0 0 0
Charge for the financial period 3,626 490 61 4,177
At 31 March 2022 3,626 490 61 4,177
Net book value
At 31 March 2022 51,133 7,110 1,651 59,894

4. Debtors

31.03.2022
£
Deferred tax asset 34,153
Other debtors 8,086
42,239

5. Creditors: amounts falling due within one year

31.03.2022
£
Amounts owed to director 24,000
Accruals 1,725
25,725

6. Creditors: amounts falling due after more than one year

31.03.2022
£
Other creditors 208,840

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

31.03.2022
£
At the beginning of financial period 0
Credited to the Statement of Income and Retained Earnings 34,153
At the end of financial period 34,153

8. Called-up share capital

31.03.2022
£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2

9. Related party transactions

Transactions with the entity's director

31.03.2022
£
Amounts owed to the director by the company (232,840)

During the year a director and shareholder of the company maintained a joint current account with the company. At the year end, the company owed the director and shareholder £232,840. No interest is charged on the loan and there are no fixed repayment terms.