Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3110false2021-11-01No description of principal activity10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09606640 2021-11-01 2023-03-31 09606640 2020-11-01 2021-10-31 09606640 2023-03-31 09606640 2021-10-31 09606640 c:Director1 2021-11-01 2023-03-31 09606640 d:PlantMachinery 2021-11-01 2023-03-31 09606640 d:PlantMachinery 2023-03-31 09606640 d:PlantMachinery 2021-10-31 09606640 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-11-01 2023-03-31 09606640 d:OfficeEquipment 2021-11-01 2023-03-31 09606640 d:OfficeEquipment 2023-03-31 09606640 d:OfficeEquipment 2021-10-31 09606640 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-11-01 2023-03-31 09606640 d:OwnedOrFreeholdAssets 2021-11-01 2023-03-31 09606640 d:Goodwill 2021-11-01 2023-03-31 09606640 d:Goodwill 2023-03-31 09606640 d:Goodwill 2021-10-31 09606640 d:CurrentFinancialInstruments 2023-03-31 09606640 d:CurrentFinancialInstruments 2021-10-31 09606640 d:Non-currentFinancialInstruments 2023-03-31 09606640 d:Non-currentFinancialInstruments 2021-10-31 09606640 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09606640 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09606640 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09606640 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 09606640 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09606640 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 09606640 d:ShareCapital 2023-03-31 09606640 d:ShareCapital 2021-10-31 09606640 d:RetainedEarningsAccumulatedLosses 2023-03-31 09606640 d:RetainedEarningsAccumulatedLosses 2021-10-31 09606640 c:OrdinaryShareClass1 2021-11-01 2023-03-31 09606640 c:OrdinaryShareClass1 2023-03-31 09606640 c:OrdinaryShareClass1 2021-10-31 09606640 c:FRS102 2021-11-01 2023-03-31 09606640 c:AuditExempt-NoAccountantsReport 2021-11-01 2023-03-31 09606640 c:FullAccounts 2021-11-01 2023-03-31 09606640 c:PrivateLimitedCompanyLtd 2021-11-01 2023-03-31 09606640 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09606640 d:AcceleratedTaxDepreciationDeferredTax 2021-10-31 09606640 d:Goodwill d:OwnedIntangibleAssets 2021-11-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09606640









JAI ARHI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
JAI ARHI LIMITED
REGISTERED NUMBER: 09606640

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 October
2023
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
69,683
133,992

Tangible assets
 5 
131,129
1,352

  
200,812
135,344

Current assets
  

Debtors: amounts falling due within one year
 6 
519,672
497,982

Cash at bank and in hand
  
202,157
122,644

  
721,829
620,626

Creditors: amounts falling due within one year
 7 
(144,488)
(164,107)

Net current assets
  
 
 
577,341
 
 
456,519

Total assets less current liabilities
  
778,153
591,863

Creditors: amounts falling due after more than one year
 8 
-
(56,587)

Provisions for liabilities
  

Deferred tax
  
(24,914)
-

  
 
 
(24,914)
 
 
-

Net assets
  
753,239
535,276


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
753,139
535,176

  
753,239
535,276


Page 1

 
JAI ARHI LIMITED
REGISTERED NUMBER: 09606640
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 10 November 2023.




Jai Bir Singh Arhi
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 09606640.  The Company's registered office is 15a Commercial Street Willows Dentistry, 15a Commercial Street, Hereford, Herefordshire, HR1 2DE.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted 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 Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss 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.

 
2.6

Borrowing costs

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

 
2.7

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.

Page 4

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the period 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.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other 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.

 
2.10

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.

Page 5

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
straight line
Office equipment
-

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.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

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.

 
2.15

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 non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
Page 6

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)

and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 
2.16

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 period was 10 (2021 - 10).

Page 7

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Intangible assets






Goodwill

£



Cost


At 1 November 2021
514,470



At 31 March 2023

514,470



Amortisation


At 1 November 2021
380,478


Charge for the period on owned assets
64,309



At 31 March 2023

444,787



Net book value



At 31 March 2023
69,683



At 31 October 2021
133,992



Page 8

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Tangible fixed assets







Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2021
5,407
-
5,407


Additions
-
133,718
133,718



At 31 March 2023

5,407
133,718
139,125



Depreciation


At 1 November 2021
4,055
-
4,055


Charge for the period on owned assets
811
3,130
3,941



At 31 March 2023

4,866
3,130
7,996



Net book value



At 31 March 2023
541
130,588
131,129



At 31 October 2021
1,352
-
1,352


6.


Debtors

31 March
31 October
2023
2021
£
£


Other debtors
519,672
497,982

519,672
497,982


Page 9

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

31 March
31 October
2023
2021
£
£

Bank loans
-
55,269

Trade creditors
84,636
-

Corporation tax
45,575
56,955

Other taxation and social security
1,586
-

Other creditors
9,001
49,447

Accruals and deferred income
3,690
2,436

144,488
164,107



8.


Creditors: Amounts falling due after more than one year

31 March
31 October
2023
2021
£
£

Bank loans
-
56,587

-
56,587


Page 10

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


31 March
31 October
2023
2021
£
£

Amounts falling due within one year

Bank loans
-
55,269


-
55,269


Amounts falling due 2-5 years

Bank loans
-
56,587


-
56,587


-
111,856



10.


Deferred taxation






2023


£






Charged to profit or loss
(24,914)



At end of year
(24,914)

The deferred taxation balance is made up as follows:

31 March
31 October
2023
2021
£
£


Accelerated capital allowances
(24,914)
-

(24,914)
-

Page 11

 
JAI ARHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

11.


Share capital

31 March
31 October
2023
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £546 (2021 - £770) were payable to the fund at the balance sheet date.


13.


Transactions with directors

As at the balance sheet date £8,454 (2021: £48,676) was due to the director. The loan is interest free and repayable on demand. 

 
Page 12