Caseware UK (AP4) 2022.0.179 2022.0.179 18The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity16truetrue 07234589 2022-04-01 2023-03-31 07234589 2023-03-31 07234589 2021-04-01 2022-03-31 07234589 2022-03-31 07234589 c:Director2 2022-04-01 2023-03-31 07234589 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 07234589 d:Buildings d:LongLeaseholdAssets 2023-03-31 07234589 d:Buildings d:LongLeaseholdAssets 2022-03-31 07234589 d:FurnitureFittings 2022-04-01 2023-03-31 07234589 d:FurnitureFittings 2023-03-31 07234589 d:FurnitureFittings 2022-03-31 07234589 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07234589 d:OfficeEquipment 2022-04-01 2023-03-31 07234589 d:OfficeEquipment 2023-03-31 07234589 d:OfficeEquipment 2022-03-31 07234589 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07234589 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07234589 d:CurrentFinancialInstruments 2023-03-31 07234589 d:CurrentFinancialInstruments 2022-03-31 07234589 d:Non-currentFinancialInstruments 2023-03-31 07234589 d:Non-currentFinancialInstruments 2022-03-31 07234589 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07234589 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07234589 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07234589 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07234589 d:ShareCapital 2023-03-31 07234589 d:ShareCapital 2022-03-31 07234589 d:RetainedEarningsAccumulatedLosses 2023-03-31 07234589 d:RetainedEarningsAccumulatedLosses 2022-03-31 07234589 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07234589 c:OrdinaryShareClass1 2023-03-31 07234589 c:OrdinaryShareClass1 2022-03-31 07234589 c:FRS102 2022-04-01 2023-03-31 07234589 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07234589 c:FullAccounts 2022-04-01 2023-03-31 07234589 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07234589 d:WithinOneYear 2023-03-31 07234589 d:WithinOneYear 2022-03-31 07234589 d:BetweenOneFiveYears 2023-03-31 07234589 d:BetweenOneFiveYears 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07234589













Joestaverns Ltd

Financial statements
Information for filing with the registrar

31 March 2023




 
Joestaverns Ltd


Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,129
19,491

  
16,129
19,491

Current assets
  

Stocks
  
16,305
12,026

Debtors: amounts falling due within one year
 5 
31,292
195,728

Cash at bank and in hand
  
40,011
48,406

  
87,608
256,160

Creditors: amounts falling due within one year
 6 
(87,421)
(113,265)

Net current assets
  
 
 
187
 
 
142,895

Total assets less current liabilities
  
16,316
162,386

Creditors: amounts falling due after more than one year
 7 
-
(147,826)

Provisions for liabilities
  

Deferred tax
  
(3,968)
(4,873)

  
 
 
(3,968)
 
 
(4,873)

Net assets
  
12,348
9,687


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
12,346
9,685

Shareholders' funds
  
12,348
9,687


1

 
Joestaverns Ltd

    
Balance sheet (continued)
As at 31 March 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 comprehensive income 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 25 October 2023.




A J Pallister
Director

Company registered number: 07234589
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Promenade, 1-2 Queens Parade, Sunderland, England, SR6 8DA.

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

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. 

 
2.3

Government grants

Grants are accounted for 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 comprehensive income in the same period as the related expenditure

 
2.4

Borrowing costs

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

 
2.5

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.

3

 
Joestaverns Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the rates show below.

Depreciation is provided on the following basis:

Leasehold improvements
-
10% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line

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.

4

 
Joestaverns Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.8

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 costbasis. 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.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
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 from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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 16 (2022 - 18).

5

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2023

4.


Tangible fixed assets





Leasehold imp'ments
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
7,790
116,560
10,052
134,402


Additions
-
2,635
1,648
4,283


Disposals
-
-
(873)
(873)



At 31 March 2023

7,790
119,195
10,827
137,812



Depreciation


At 1 April 2022
4,947
99,921
10,043
114,911


Charge for the year
779
6,711
154
7,644


Disposals
-
-
(872)
(872)



At 31 March 2023

5,726
106,632
9,325
121,683



Net book value



At 31 March 2023
2,064
12,563
1,502
16,129



At 31 March 2022
2,843
16,639
9
19,491

6

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2023

5.


Debtors

2023
2022
£
£


Amounts owed from related parties
-
167,528

Other debtors
17,675
17,574

Prepayments and accrued income
13,617
10,626

31,292
195,728



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
23,127
22,783

Corporation tax
2,247
5,199

Other taxation and social security
28,021
32,168

Other creditors
27,472
47,183

Accruals and deferred income
6,554
5,932

87,421
113,265



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
147,826

-
147,826



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


7

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2023

9.


Commitments under operating leases

At 31 March 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
73,900
70,000

Later than 1 year and not later than 5 years
123,833
180,833

197,733
250,833


10.


Related party transactions

During the year the company received loans from Partypods Ltd, a company related due to common directors and shareholders. The amount owed by the company at the year end was £27,472 (2022 - amount owed to the company £142,528).  
During the year the company made loans to Joespubs Limited, a company related due to common directors and shareholders. The amount owed to the company at the year end was £Nil (2022 - £25,000).

 
8