Company Registration No. 5806775 (England and Wales)
Joshma Limited
Unaudited accounts
for the year ended 31 March 2023
Joshma Limited
Unaudited accounts
Contents
Joshma Limited
Company Information
for the year ended 31 March 2023
Directors
Mrs M Barker
Mr 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
Joshma Limited
Statement of financial position
as at 31 March 2023
Tangible assets
108,302
126,868
Cash at bank and in hand
380,117
246,929
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
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
Joshma Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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 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 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 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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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
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
At 31 March 2023
35,855
70,987
1,460
108,302
At 31 March 2022
44,783
81,409
676
126,868
Amounts falling due within one year
Amounts due from group undertakings etc.
-
89,718
Accrued income and prepayments
8,842
6,917
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
32,752
37,707
Joshma Limited
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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).