Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falsefood manufacturing46falsetrue 03648498 2022-05-01 2023-04-30 03648498 2021-05-01 2022-04-30 03648498 2023-04-30 03648498 2022-04-30 03648498 c:Director1 2022-05-01 2023-04-30 03648498 d:PlantMachinery 2022-05-01 2023-04-30 03648498 d:PlantMachinery 2023-04-30 03648498 d:PlantMachinery 2022-04-30 03648498 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03648498 d:CurrentFinancialInstruments 2023-04-30 03648498 d:CurrentFinancialInstruments 2022-04-30 03648498 d:Non-currentFinancialInstruments 2023-04-30 03648498 d:Non-currentFinancialInstruments 2022-04-30 03648498 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03648498 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 03648498 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03648498 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 03648498 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03648498 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 03648498 d:ShareCapital 2023-04-30 03648498 d:ShareCapital 2022-04-30 03648498 d:SharePremium 2023-04-30 03648498 d:SharePremium 2022-04-30 03648498 d:RetainedEarningsAccumulatedLosses 2023-04-30 03648498 d:RetainedEarningsAccumulatedLosses 2022-04-30 03648498 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 03648498 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-04-30 03648498 c:FRS102 2022-05-01 2023-04-30 03648498 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 03648498 c:FullAccounts 2022-05-01 2023-04-30 03648498 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 03648498









JUST WHOLEFOODS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
JUST WHOLEFOODS LTD
REGISTERED NUMBER: 03648498

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
37,408
41,562

  
37,408
41,562

Current assets
  

Stocks
  
57,831
64,314

Debtors: amounts falling due within one year
 5 
62,929
83,868

Cash at bank and in hand
 6 
15,123
104,363

  
135,883
252,545

Creditors: amounts falling due within one year
 7 
(102,868)
(82,810)

Net current assets
  
 
 
33,015
 
 
169,735

Total assets less current liabilities
  
70,423
211,297

Creditors: amounts falling due after more than one year
 8 
(22,500)
(32,500)

  

Net assets
  
47,923
178,797


Capital and reserves
  

Called up share capital 
  
70
70

Share premium account
  
590,164
590,221

Profit and loss account
  
(542,311)
(411,494)

  
47,923
178,797


Page 1

 
JUST WHOLEFOODS LTD
REGISTERED NUMBER: 03648498
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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 on 19 October 2023.




................................................
Timothy Geoffrey Kelly
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Just Wholefoods Ltd is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of manufacturing wholefoods.

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

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

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.10

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:

Plant and machinery
-
10%
reducing balance

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.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 6).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 May 2022
80,240



At 30 April 2023

80,240



Depreciation


At 1 May 2022
38,678


Charge for the year on owned assets
4,154



At 30 April 2023

42,832



Net book value



At 30 April 2023
37,408



At 30 April 2022
41,562

Page 6

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Debtors

2023
2022
£
£


Trade debtors
53,752
51,317

Other debtors
7,738
31,204

Prepayments and accrued income
1,439
1,347

62,929
83,868



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,123
104,363

15,123
104,363



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
66,254
40,211

Other taxation and social security
2,433
6,994

Other creditors
22,005
21,960

Accruals and deferred income
2,176
3,645

102,868
82,810


Included within other creditors are loans from directors David Wallace Ballintine Snow amounting to £1 (2022 - £1); James Robert Ballintine Snow amounting to £5 (2022 - £5); Timothy Geoffrey Kelly amounting to £87 (2022 - £nil); Joseph Ballintine Snow amounting to £4 (2022 - £4) and Oliver John Vaughan amounting to £44 (2022 - £44).

Page 7

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500

22,500
32,500



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
22,500
32,500


22,500
32,500



32,500
42,500



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
15,123
104,363




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
JUST WHOLEFOODS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

11.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the employees. The assets
of the scheme are held separately from those of the Company in an independently administered fund. The
pension cost charge represents contributions payable by the Company to the fund and amounted to
£1,409 (2022- £1,513). Contributions totalling £nil (2022 - £283) were payable to the fund at the balance
sheet date.


12.


Controlling party

The Company is controlled by James John Snow by virtue of his shareholding as described in the Directors' report .

 
Page 9