Registered Number:06554383 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Jiva's Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Jiva's Ltd
Statement of Financial Position
2022
2023
32,237
32,237
3
Property, plant and equipment |
14,813
16,135
4
47,050
48,372
47,630
40,493
5
Trade and other receivables |
10,924
3,977
6
11,701
Cash and cash equivalents |
10,777
55,247
70,255
Trade and other payables: amounts falling due within one |
year |
(36,759)
(37,343)
7
33,496
17,904
Net current assets
Total assets less current liabilities |
64,954
81,868
Trade and other payables: amounts falling due after more |
than one year |
(34,636)
(23,004)
8
41,950
Net assets
47,232
1,000
1,000
40,950
46,232
41,950
47,232
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 28 February 2023
Jiva's Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 27 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Jiva's Ltd
Notes to the Financial Statements
Statutory Information
Jiva's Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
06554383. |
40 Haveley Road
Benchill
Wythenshawe
Manchester
M22 8ET
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 28 February 2023
Jiva's Ltd
Notes to the Financial Statements Continued
3. Intangible fixed assets |
Goodwill
32,237
32,237
32,237
32,237
4. Property, plant and equipment |
Motor vehicles
35,835
2,612
13,446
19,777
4,900
1,440
3,460
-
19,777
16,906
4,052
40,735
Provision for depreciation and impairment |
19,700
1,435
6,400
11,865
Charge for year
6,222
782
1,485
3,955
25,922
2,217
7,885
15,820
3,957
9,021
1,835
14,813
7,912
7,046
1,177
16,135
2022
2023
40,493
47,630
6. Trade and other receivables |
2022
2023
3,884
3,318
93
7,606
10,924
3,977
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For the year ended 28 February 2023
Jiva's Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
10,000
10,000
7,810
9,162
Taxation and social security |
2,877
8,310
16,656
9,287
37,343
36,759
8. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
23,004
32,642
-
1,994
23,004
34,636
9. Average number of persons employed |
During the year the average number of employees was 8 (2022 : 6)
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