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Company Registration No. 5806775 (England and Wales)
Joshma Limited Unaudited accounts for the year ended 31 March 2023
Joshma Limited Unaudited accounts Contents
Page
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Joshma Limited Company Information for the year ended 31 March 2023
Directors
Mrs M Barker Mr M Barker
Secretary
Mrs M Barker
Company Number
5806775 (England and Wales)
Registered Office
Westwood Restaurant New Walk Beverley East Yorkshire HU17 7AE United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Joshma Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
108,302 
126,868 
Current assets
Inventories
20,511 
23,066 
Debtors
9,768 
98,869 
Cash at bank and in hand
380,117 
246,929 
410,396 
368,864 
Creditors: amounts falling due within one year
(271,035)
(245,946)
Net current assets
139,361 
122,918 
Total assets less current liabilities
247,663 
249,786 
Creditors: amounts falling due after more than one year
(59,424)
(74,374)
Provisions for liabilities
Deferred tax
(20,577)
(13,576)
Net assets
167,662 
161,836 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
157,662 
151,836 
Shareholders' funds
167,662 
161,836 
For the year ending 31 March 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 6 June 2023 and were signed on its behalf by
Mrs M Barker Director Company Registration No. 5806775
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Joshma Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Joshma Limited is a private company, limited by shares, registered in England and Wales, registration number 5806775. The registered office is Westwood Restaurant, New Walk, Beverley, East Yorkshire, HU17 7AE, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Inventories
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Joshma Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
49,990 
427,792 
24,066 
501,848 
Additions
- 
2,064 
1,332 
3,396 
At 31 March 2023
49,990 
429,856 
25,398 
505,244 
Depreciation
At 1 April 2022
5,207 
346,383 
23,390 
374,980 
Charge for the year
8,928 
12,486 
548 
21,962 
At 31 March 2023
14,135 
358,869 
23,938 
396,942 
Net book value
At 31 March 2023
35,855 
70,987 
1,460 
108,302 
At 31 March 2022
44,783 
81,409 
676 
126,868 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,234 
Trade debtors
926 
- 
Amounts due from group undertakings etc.
- 
89,718 
Accrued income and prepayments
8,842 
6,917 
9,768 
98,869 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
35,200 
26,905 
Obligations under finance leases and hire purchase contracts
4,778 
4,601 
Trade creditors
51,298 
72,371 
Amounts owed to group undertakings and other participating interests
18,723 
- 
Taxes and social security
39,806 
36,939 
Other creditors
2,850 
2,528 
Loans from directors
864 
239 
Accruals
107,516 
92,363 
271,035 
245,946 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,672 
36,667 
Obligations under finance leases and hire purchase contracts
32,752 
37,707 
59,424 
74,374 
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Joshma Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
9
Controlling party
The company is a 85% subsidary of Nuove Avventure Limited, a company registered in England & Wales
10
Average number of employees
During the year the average number of employees was 22 (2022: 22).
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