Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10689983 2022-01-01 2022-12-31 10689983 2021-01-01 2021-12-31 10689983 2022-12-31 10689983 2021-12-31 10689983 c:Director1 2022-01-01 2022-12-31 10689983 c:Director2 2022-01-01 2022-12-31 10689983 d:OfficeEquipment 2022-01-01 2022-12-31 10689983 d:OfficeEquipment 2022-12-31 10689983 d:OfficeEquipment 2021-12-31 10689983 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10689983 d:CurrentFinancialInstruments 2022-12-31 10689983 d:CurrentFinancialInstruments 2021-12-31 10689983 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10689983 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10689983 d:ShareCapital 2022-12-31 10689983 d:ShareCapital 2021-12-31 10689983 d:RetainedEarningsAccumulatedLosses 2022-12-31 10689983 d:RetainedEarningsAccumulatedLosses 2021-12-31 10689983 c:FRS102 2022-01-01 2022-12-31 10689983 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10689983 c:FullAccounts 2022-01-01 2022-12-31 10689983 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10689983 2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10689983









SCARLETT JOY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
SCARLETT JOY LIMITED
REGISTERED NUMBER: 10689983

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
193
289

  
193
289

Current assets
  

Debtors: amounts falling due within one year
 5 
508,528
509,542

Cash at bank and in hand
  
33,340
24,155

  
541,868
533,697

Creditors: amounts falling due within one year
 6 
(17,113)
(13,416)

Net current assets
  
 
 
524,755
 
 
520,281

Total assets less current liabilities
  
524,948
520,570

  

Net assets
  
524,948
520,570


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
524,938
520,560

  
524,948
520,570


Page 1

 
SCARLETT JOY LIMITED
REGISTERED NUMBER: 10689983
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D A Taylor
J-M J Joy de Taylor
Director
Director


Date: 18 September 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SCARLETT JOY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Scarlett Joy Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings.

 
2.3

Revenue

Turnover represents fees and royalties receivable for the provision of acting services.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SCARLETT JOY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in the Statement of income and retained earnings.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
on written down value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
SCARLETT JOY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to third parties and loans from related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 January 2022
868



At 31 December 2022

868



Depreciation


At 1 January 2022
579


Charge for the year on owned assets
96



At 31 December 2022

675



Net book value



At 31 December 2022
193



At 31 December 2021
289

Page 5

 
SCARLETT JOY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
-
325

Other debtors
501,007
501,696

Accrued income
7,521
7,521

508,528
509,542



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
1,860
6,294

Corporation tax
1,212
4,814

Other creditors
12,041
308

Accruals
2,000
2,000

17,113
13,416


 
Page 6