Silverfin false 31/03/2023 01/04/2022 31/03/2023 Patrick Beresford Russell Grant-Sturgis 18/03/2021 22 November 2023 The principal activity of the Company during the financial period was the manufacture of children's drinks. 13274811 2023-03-31 13274811 bus:Director1 2023-03-31 13274811 2022-03-31 13274811 core:CurrentFinancialInstruments 2023-03-31 13274811 core:CurrentFinancialInstruments 2022-03-31 13274811 core:Non-currentFinancialInstruments 2023-03-31 13274811 core:Non-currentFinancialInstruments 2022-03-31 13274811 core:ShareCapital 2023-03-31 13274811 core:ShareCapital 2022-03-31 13274811 core:RetainedEarningsAccumulatedLosses 2023-03-31 13274811 core:RetainedEarningsAccumulatedLosses 2022-03-31 13274811 core:ComputerSoftware 2022-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 13274811 core:ComputerSoftware 2023-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 13274811 core:PlantMachinery 2022-03-31 13274811 core:PlantMachinery 2023-03-31 13274811 2021-03-17 13274811 bus:OrdinaryShareClass1 2023-03-31 13274811 2022-04-01 2023-03-31 13274811 bus:FullAccounts 2022-04-01 2023-03-31 13274811 bus:SmallEntities 2022-04-01 2023-03-31 13274811 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13274811 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13274811 bus:Director1 2022-04-01 2023-03-31 13274811 core:ComputerSoftware core:TopRangeValue 2022-04-01 2023-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2022-04-01 2023-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2022-04-01 2023-03-31 13274811 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 13274811 2021-03-18 2022-03-31 13274811 core:ComputerSoftware 2022-04-01 2023-03-31 13274811 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 13274811 core:PatentsTrademarksLicencesConcessionsSimilar 2022-04-01 2023-03-31 13274811 core:PlantMachinery 2022-04-01 2023-03-31 13274811 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 13274811 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13274811 bus:OrdinaryShareClass1 2021-03-18 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13274811 (England and Wales)

JAMU WILD KIDS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

JAMU WILD KIDS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

JAMU WILD KIDS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
JAMU WILD KIDS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 31.03.2023 31.03.2022
£ £
Fixed assets
Intangible assets 3 49,054 59,894
Tangible assets 4 487 0
49,541 59,894
Current assets
Stocks 43,000 7,000
Debtors 5 11,549 42,239
Cash at bank and in hand 118,589 93,934
173,138 143,173
Creditors: amounts falling due within one year 6 ( 25,901) ( 25,725)
Net current assets 147,237 117,448
Total assets less current liabilities 196,778 177,342
Creditors: amounts falling due after more than one year 7 ( 416,413) ( 208,840)
Net liabilities ( 219,635) ( 31,498)
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account ( 219,637 ) ( 31,500 )
Total shareholders' deficit ( 219,635) ( 31,498)

For the financial 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.

Director's responsibilities:

The financial statements of Jamu Wild Kids Ltd (registered number: 13274811) were approved and authorised for issue by the Director on 22 November 2023. They were signed on its behalf by:

Patrick Beresford Russell Grant-Sturgis
Director
JAMU WILD KIDS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
JAMU WILD KIDS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Jamu Wild Kids Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Mount, 72 Paris Street, Exeter, EX1 2JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation


Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Development costs 10 years straight line
Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.03.2023
Period from
18.03.2021 to
31.03.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Computer software Development costs Trademarks, patents
and licences
Total
£ £ £ £
Cost
At 01 April 2022 54,759 7,600 1,712 64,071
Additions 0 1,159 0 1,159
At 31 March 2023 54,759 8,759 1,712 65,230
Accumulated amortisation
At 01 April 2022 3,626 490 61 4,177
Charge for the financial year 10,952 876 171 11,999
At 31 March 2023 14,578 1,366 232 16,176
Net book value
At 31 March 2023 40,181 7,393 1,480 49,054
At 31 March 2022 51,133 7,110 1,651 59,894

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2022 0 0
Additions 487 487
At 31 March 2023 487 487
Accumulated depreciation
At 01 April 2022 0 0
At 31 March 2023 0 0
Net book value
At 31 March 2023 487 487
At 31 March 2022 0 0

5. Debtors

31.03.2023 31.03.2022
£ £
Trade debtors 2,945 0
Deferred tax asset 0 34,153
VAT recoverable 8,604 8,086
11,549 42,239

6. Creditors: amounts falling due within one year

31.03.2023 31.03.2022
£ £
Amounts owed to director 24,000 24,000
Accruals 1,901 1,725
25,901 25,725

7. Creditors: amounts falling due after more than one year

31.03.2023 31.03.2022
£ £
Other creditors 416,413 208,840

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

31.03.2023 31.03.2022
£ £
At the beginning of financial year/period 34,153 0
(Charged)/credited to the Statement of Income and Retained Earnings ( 34,153) 34,153
At the end of financial year/period 0 34,153

9. Called-up share capital

31.03.2023 31.03.2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

10. Related party transactions

Transactions with the entity's director

31.03.2023 31.03.2022
£ £
Amounts owed to the director by the company (440,413) (232,840)

During the year a director and shareholder of the company maintained a joint current account with the company. At the year end, the company owed the director and shareholder £440,413. No interest is charged on the loan and there are no fixed repayment terms.