Company Registration No. 09938668 (England and Wales)
Juicemeister Ltd
Unaudited accounts
for the year ended 30 January 2023
Juicemeister Ltd
Unaudited accounts
Contents
Juicemeister Ltd
Company Information
for the year ended 30 January 2023
Directors
Ian Orr
Sharon Owens
Company Number
09938668 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
Insight Accountancy
Unit 16, Lamby Way Workshops
Lamby Way
Cardiff
CF3 2EQ
Juicemeister Ltd
Statement of financial position
as at 30 January 2023
Cash at bank and in hand
8,762
8,480
Creditors: amounts falling due within one year
(55,287)
(48,632)
Net current liabilities
(37,959)
(34,175)
Net liabilities
(37,823)
(33,995)
Called up share capital
2
2
Profit and loss account
(37,825)
(33,997)
Shareholders' funds
(37,823)
(33,995)
For the year ending 30 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
Ian Orr
Director
Company Registration No. 09938668
Juicemeister Ltd
Notes to the Accounts
for the year ended 30 January 2023
Juicemeister Ltd is a private company, limited by shares, registered in England and Wales, registration number 09938668. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have provided the company with an interest-free loan and have confirmed that they will continue to support the company until such time as its position improves. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The tax expense for the period comprised current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Investments in shares are included at fair value.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Juicemeister Ltd
Notes to the Accounts
for the year ended 30 January 2023
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Computer equipment
Juicemeister Ltd
Notes to the Accounts
for the year ended 30 January 2023
5
Investments
Subsidiary undertakings
Valuation at 31 January 2022
2
Valuation at 30 January 2023
2
1 share @ £1.00 in Troika Vapes Ltd 10542084 and 1 share @ £1.00 in Grange Vape Ltd 10709177
Finished goods
1,000
1,000
Amounts falling due within one year
Trade debtors
(4,023)
(6,612)
Other debtors
11,589
11,589
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
10,256
11,015
Taxes and social security
560
(2,372)
Other creditors
2,331
3,784
Loans from directors
42,140
36,007
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
ORR, Ian Laurie Dundas
18,004
5,619
2,552
21,071
OWENS, Sharon
18,004
5,619
2,552
21,071
36,008
11,238
5,104
42,142
10
Transactions with related parties
The directors have provided the company with an interest-free loan, which is repayable on demand. At the balance sheet date the amount due to the directors was £42,142 (2022 - £36,008).
Juicemeister Ltd
Notes to the Accounts
for the year ended 30 January 2023
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).