Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05708431 2022-03-01 2023-02-28 05708431 2021-03-01 2022-02-28 05708431 2023-02-28 05708431 2022-02-28 05708431 c:Director1 2022-03-01 2023-02-28 05708431 c:RegisteredOffice 2022-03-01 2023-02-28 05708431 d:Buildings d:LongLeaseholdAssets 2022-03-01 2023-02-28 05708431 d:Buildings d:LongLeaseholdAssets 2023-02-28 05708431 d:Buildings d:LongLeaseholdAssets 2022-02-28 05708431 d:FurnitureFittings 2022-03-01 2023-02-28 05708431 d:FurnitureFittings 2023-02-28 05708431 d:FurnitureFittings 2022-02-28 05708431 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05708431 d:ComputerEquipment 2022-03-01 2023-02-28 05708431 d:ComputerEquipment 2023-02-28 05708431 d:ComputerEquipment 2022-02-28 05708431 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05708431 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05708431 d:Goodwill 2023-02-28 05708431 d:Goodwill 2022-02-28 05708431 d:CurrentFinancialInstruments 2023-02-28 05708431 d:CurrentFinancialInstruments 2022-02-28 05708431 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05708431 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 05708431 d:ShareCapital 2023-02-28 05708431 d:ShareCapital 2022-02-28 05708431 d:RetainedEarningsAccumulatedLosses 2023-02-28 05708431 d:RetainedEarningsAccumulatedLosses 2022-02-28 05708431 c:FRS102 2022-03-01 2023-02-28 05708431 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05708431 c:FullAccounts 2022-03-01 2023-02-28 05708431 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05708431 d:WithinOneYear 2023-02-28 05708431 d:WithinOneYear 2022-02-28 05708431 d:BetweenOneFiveYears 2023-02-28 05708431 d:BetweenOneFiveYears 2022-02-28 05708431 d:MoreThanFiveYears 2023-02-28 05708431 d:MoreThanFiveYears 2022-02-28 iso4217:GBP xbrli:pure
Company registration number: 05708431







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


JEMLEE LIMITED






































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JEMLEE LIMITED
 


 
COMPANY INFORMATION


Director
S. Askew 




Registered number
05708431



Registered office
34 Dorking Road

Bookham

Surrey

KT23 4LX




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


JEMLEE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


JEMLEE LIMITED
REGISTERED NUMBER:05708431



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,455
3,857

  
3,455
3,857

Current assets
  

Stocks
  
650
600

Debtors: amounts falling due within one year
 6 
3,896
1,983

Cash at bank and in hand
  
15,950
15,839

  
20,496
18,422

Creditors: amounts falling due within one year
 7 
(12,702)
(11,788)

Net current assets
  
 
 
7,794
 
 
6,634

Total assets less current liabilities
  
11,249
10,491

  

Net assets
  
11,249
10,491


Capital and reserves
  

Allotted, called up and fully paid share capital
  
106
106

Profit and loss account
  
11,143
10,385

  
11,249
10,491


Page 1

 


JEMLEE LIMITED
REGISTERED NUMBER:05708431


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers 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 director acknowledges her 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 by: 




S. Askew
Director

Date: 10 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Jemlee Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The address of the principal place of business is 1 The Laurels, The Street, Effingham, Surrey, KT24 5LH.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.3

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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.

 
2.4

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 the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

  
2.5

Revenue

Revenue is recognised upon the provision of hairdressing services and supply of hairdressing supplies. 
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.

 
2.6

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 3

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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.

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

Depreciation is provided on the following basis:

Long-term leasehold property
-
10 years straight line
Fixtures and fittings
-
25% reducing balance
Computer 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 the Statement of Income and Retained Earnings.

  
2.8

Stock

Stocks of hair supplies 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.
At each reporting 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

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.11

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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 reporting date in the countries where the company operates and generates income.

Page 4

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 March 2022
27,000



At 28 February 2023

27,000



Amortisation


At 1 March 2022
27,000



At 28 February 2023

27,000



Net book value



At 28 February 2023
-



At 28 February 2022
-



Page 5

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2022
10,000
6,202
7,749
23,951


Additions
-
606
-
606



At 28 February 2023

10,000
6,808
7,749
24,557



Depreciation


At 1 March 2022
10,000
5,255
4,839
20,094


Charge for the year
-
211
797
1,008



At 28 February 2023

10,000
5,466
5,636
21,102



Net book value



At 28 February 2023
-
1,342
2,113
3,455



At 28 February 2022
-
947
2,910
3,857


6.


Debtors

2023
2022
£
£


Other debtors
592
-

Prepayments and accrued income
3,304
1,983

3,896
1,983



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,754
5,094

Other taxation and social security
-
1,460

Other creditors
1,140
44

Accruals and deferred income
5,808
5,190

12,702
11,788


Page 6

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Commitments under operating leases

At 28 February 2023 the company had future minimum lease payments under non-cancellable operating leases as follows:

2023
2022
£
£


Not later than 1 year
15,750
13,500

Later than 1 year and not later than 5 years
78,750
67,500

Later than 5 years
3,938
16,875

98,438
97,875


Transactions with directors

Included within other creditors are the following advances and credits to directors which subsisted during the years ended 2023 and 2022.

2023
2022
£
£
Balance outstanding at 1 March 2022

(44)

(454)
 
Amounts advanced

22,754

21,093
 
Amounts repaid

(23,155)

(20,683)
 
(445)

(44)
 

Interest is not being charged on this loan. The loan is repayable on demand.

 
Page 7