Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3142022-04-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11861299 2022-04-01 2023-03-31 11861299 2021-04-01 2022-03-31 11861299 2023-03-31 11861299 2022-03-31 11861299 c:Director1 2022-04-01 2023-03-31 11861299 d:PlantMachinery 2022-04-01 2023-03-31 11861299 d:PlantMachinery 2023-03-31 11861299 d:PlantMachinery 2022-03-31 11861299 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11861299 d:Goodwill 2022-04-01 2023-03-31 11861299 d:Goodwill 2023-03-31 11861299 d:Goodwill 2022-03-31 11861299 d:CurrentFinancialInstruments 2023-03-31 11861299 d:CurrentFinancialInstruments 2022-03-31 11861299 d:Non-currentFinancialInstruments 2023-03-31 11861299 d:Non-currentFinancialInstruments 2022-03-31 11861299 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11861299 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11861299 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11861299 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 11861299 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11861299 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 11861299 d:ShareCapital 2023-03-31 11861299 d:ShareCapital 2022-03-31 11861299 d:RetainedEarningsAccumulatedLosses 2023-03-31 11861299 d:RetainedEarningsAccumulatedLosses 2022-03-31 11861299 c:FRS102 2022-04-01 2023-03-31 11861299 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11861299 c:FullAccounts 2022-04-01 2023-03-31 11861299 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11861299 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 11861299














JOSS BAY SURF SCHOOL LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
JOSS BAY SURF SCHOOL LTD
REGISTERED NUMBER:11861299

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
 4 
12,000
24,000

Tangible assets
 5 
8,936
11,914

  
20,936
35,914

Current assets
  

Debtors: amounts falling due within one year
 6 
-
1,000

Cash at bank and in hand
 7 
33,355
27,831

  
33,355
28,831

Creditors: amounts falling due within one year
 8 
(42,166)
(44,945)

Net current liabilities
  
 
 
(8,811)
 
 
(16,114)

Total assets less current liabilities
  
12,125
19,800

Creditors: amounts falling due after more than one year
 9 
(9,000)
(12,000)

  

Net assets
  
£3,125
£7,800


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,025
7,700

  
£3,125
£7,800


Page 1

 
JOSS BAY SURF SCHOOL LTD
REGISTERED NUMBER:11861299

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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 14 September 2023.




................................................
Samuel Berry
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Joss Bay Surf School Ltd is a private company limited by shares incorpated in England and Wales. The company registration number is 11861299. The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
JOSS BAY SURF SCHOOL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Taxation

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.

 
2.7

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.

 
2.8

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 4

 
JOSS BAY SURF SCHOOL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
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
-
25%

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans 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 in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.
Page 5

 
JOSS BAY SURF SCHOOL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.13

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 the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
4
4

Page 6

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
60,000



At 31 March 2023

60,000



Amortisation


At 1 April 2022
36,000


Charge for the year on owned assets
12,000



At 31 March 2023

48,000



Net book value



At 31 March 2023
£12,000



At 31 March 2022
£24,000



Page 7

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
27,458


Additions
5,179



At 31 March 2023

32,637



Depreciation


At 1 April 2022
15,544


Charge for the year on owned assets
8,157



At 31 March 2023

23,701



Net book value



At 31 March 2023
£8,936



At 31 March 2022
£11,914


6.


Debtors

2023
2022
£
£


Trade debtors
£-
£1,000



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
£33,355
£27,831


Page 8

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,500
1,500

Trade creditors
223
32

Corporation tax
2,885
6,121

Other creditors
33,668
31,668

Accruals and deferred income
3,890
5,624

£42,166
£44,945



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
£9,000
£12,000



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,500
1,500

Amounts falling due 1-2 years

Bank loans
1,500
1,500

Amounts falling due 2-5 years

Bank loans
7,500
9,000

Amounts falling due after more than 5 years

Bank loans
-
1,500

£10,500
£13,500



11.
Controlling party 


Mr & Mrs Berry is the controlling party of the company.
 



Page 9