Japadad Ltd 08063312 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is provision of cleaning services Digita Accounts Production Advanced 6.30.9574.0 true 08063312 2022-07-01 2023-06-30 08063312 2023-06-30 08063312 bus:OrdinaryShareClass1 2023-06-30 08063312 core:RetainedEarningsAccumulatedLosses 2023-06-30 08063312 core:ShareCapital 2023-06-30 08063312 core:CurrentFinancialInstruments 2023-06-30 08063312 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08063312 core:Goodwill 2023-06-30 08063312 core:FurnitureFittingsToolsEquipment 2023-06-30 08063312 core:MotorVehicles 2023-06-30 08063312 bus:SmallEntities 2022-07-01 2023-06-30 08063312 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08063312 bus:FullAccounts 2022-07-01 2023-06-30 08063312 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08063312 bus:RegisteredOffice 2022-07-01 2023-06-30 08063312 bus:Director1 2022-07-01 2023-06-30 08063312 bus:Director2 2022-07-01 2023-06-30 08063312 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 08063312 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08063312 core:Goodwill 2022-07-01 2023-06-30 08063312 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 08063312 core:MotorVehicles 2022-07-01 2023-06-30 08063312 core:OfficeEquipment 2022-07-01 2023-06-30 08063312 core:PlantMachinery 2022-07-01 2023-06-30 08063312 countries:EnglandWales 2022-07-01 2023-06-30 08063312 2022-06-30 08063312 core:Goodwill 2022-06-30 08063312 core:FurnitureFittingsToolsEquipment 2022-06-30 08063312 core:MotorVehicles 2022-06-30 08063312 2021-07-01 2022-06-30 08063312 2022-06-30 08063312 bus:OrdinaryShareClass1 2022-06-30 08063312 core:RetainedEarningsAccumulatedLosses 2022-06-30 08063312 core:ShareCapital 2022-06-30 08063312 core:CurrentFinancialInstruments 2022-06-30 08063312 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 08063312 core:FurnitureFittingsToolsEquipment 2022-06-30 08063312 core:MotorVehicles 2022-06-30 08063312 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08063312

Japadad Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Japadad Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Japadad Ltd

Company Information

Directors

Mr Peter Gerard Hawkins

Mrs Patricia Ann Hawkins

Registered office

30 Enterprise Court
South Tees Business centre
Puddlers Road
Middlesbrough
Cleveland
TS6 6TL

Accountants

HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
TS23 4HN

 

Japadad Ltd

(Registration number: 08063312)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

5

8,595

11,113

Current assets

 

Debtors

6

128,011

126,673

Cash at bank and in hand

 

114,158

105,745

 

242,169

232,418

Creditors: Amounts falling due within one year

7

(150,203)

(144,715)

Net current assets

 

91,966

87,703

Net assets

 

100,561

98,816

Capital and Reserves

 

Called up share capital

8

100

100

Retained Earnings

100,461

98,716

Shareholders' funds

 

100,561

98,816

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2023 and signed on its behalf by:
 

.........................................
Mr Peter Gerard Hawkins
Director

 

Japadad Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 Enterprise Court
South Tees Business centre
Puddlers Road
Middlesbrough
Cleveland
TS6 6TL

These financial statements were authorised for issue by the Board on 18 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Japadad Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on cost

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Japadad Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Temporary rent concessions granted as a direct consequence of the Covid-19 pandemic are recognised on a systematic basis over the periods that the change in lease payments is intended to compensate.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 91 (2022 - 70).

 

Japadad Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2022

150,018

150,018

At 30 June 2023

150,018

150,018

Amortisation

At 1 July 2022

150,018

150,018

At 30 June 2023

150,018

150,018

Carrying amount

At 30 June 2023

-

-

5

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

9,978

17,632

27,610

Additions

347

-

347

At 30 June 2023

10,325

17,632

27,957

Depreciation

At 1 July 2022

9,253

7,244

16,497

Charge for the year

268

2,597

2,865

At 30 June 2023

9,521

9,841

19,362

Carrying amount

At 30 June 2023

804

7,791

8,595

At 30 June 2022

725

10,388

11,113

6

Debtors

Current

2023
£

2022
£

Trade Debtors

122,790

125,386

Other debtors

5,221

1,287

 

128,011

126,673

 

Japadad Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade Creditors

4,500

7,500

Taxation and social security

83,448

82,330

Accruals and deferred income

3,854

3,742

Other creditors

58,401

51,143

150,203

144,715

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of £700.00 (2022 - £500.00) per each Ordinary shares

 

70,000

 

50,000

         

10

Related party transactions

 

Japadad Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

17,541

17,686

Contributions paid to money purchase schemes

4,500

4,500

22,041

22,186