Registered number
10599498
Club Journeyman TH Limited
Unaudited Filleted Accounts
30 June 2023
Club Journeyman TH Limited
Registered number: 10599498
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Stocks 343,727 308,208
Debtors 3 80,193 6,558
Cash at bank and in hand 49 19,544
423,969 334,310
Creditors: amounts falling due within one year 4 (417,982) (331,798)
Net current assets 5,987 2,512
Net assets 5,987 2,512
Capital and reserves
Called up share capital 200 200
Profit and loss account 5,787 2,312
Shareholders' funds 5,987 2,512
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. Denton
Director
Approved by the board on 13 February 2024
Club Journeyman TH Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 9,217 -
Other debtors 70,976 6,558
80,193 6,558
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 416,201 330,469
Taxation and social security costs 815 362
Other creditors 966 967
417,982 331,798
5 Controlling party
The company is controlled by the directors.
6 Other information
Club Journeyman TH Limited is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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