Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseNo description of principal activity2true 02117236 2022-08-01 2023-07-31 02117236 2021-08-01 2022-07-31 02117236 2023-07-31 02117236 2022-07-31 02117236 c:Director1 2022-08-01 2023-07-31 02117236 d:FurnitureFittings 2022-08-01 2023-07-31 02117236 d:FurnitureFittings 2023-07-31 02117236 d:FurnitureFittings 2022-07-31 02117236 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 02117236 d:CurrentFinancialInstruments 2023-07-31 02117236 d:CurrentFinancialInstruments 2022-07-31 02117236 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02117236 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 02117236 d:ShareCapital 2023-07-31 02117236 d:ShareCapital 2022-07-31 02117236 d:RetainedEarningsAccumulatedLosses 2023-07-31 02117236 d:RetainedEarningsAccumulatedLosses 2022-07-31 02117236 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 02117236 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 02117236 c:FRS102 2022-08-01 2023-07-31 02117236 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 02117236 c:FullAccounts 2022-08-01 2023-07-31 02117236 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 02117236









JUMBOFLEXI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
JUMBOFLEXI LIMITED
REGISTERED NUMBER: 02117236

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
245
327

  
245
327

Current assets
  

Debtors: amounts falling due within one year
 5 
6,077
23,395

Cash at bank and in hand
 6 
14,763
14,545

  
20,840
37,940

Creditors: amounts falling due within one year
 7 
(7,174)
(12,005)

Net current assets
  
 
 
13,666
 
 
25,935

Total assets less current liabilities
  
13,911
26,262

Provisions for liabilities
  

Deferred tax
 8 
(46)
(62)

  
 
 
(46)
 
 
(62)

Net assets
  
13,865
26,200


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
13,863
26,198

  
13,865
26,200


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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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
Page 1

 
JUMBOFLEXI LIMITED
REGISTERED NUMBER: 02117236
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

14 October 2023.




Trevor Edwin Burt
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JUMBOFLEXI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Jumboflexi Limited is a private company limited by shares registered in England, The registered number is 02117236 and the registered office is 24, Gladstone Road, Bath, Somerset BA2 5HL.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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:

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

 
JUMBOFLEXI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
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.

 
2.5

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.

Page 4

 
JUMBOFLEXI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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 directors, during the year was 2 (2022 - 2).

Page 5

 
JUMBOFLEXI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2022
15,079



At 31 July 2023

15,079



Depreciation


At 1 August 2022
14,752


Charge for the year on owned assets
82



At 31 July 2023

14,834



Net book value



At 31 July 2023
245



At 31 July 2022
327


5.


Debtors

2023
2022
£
£


Trade debtors
5,856
23,256

Other debtors
63
-

Prepayments and accrued income
158
139

6,077
23,395



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
14,763
14,545

14,763
14,545


Page 6

 
JUMBOFLEXI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
2,708

Other taxation and social security
4,436
7,287

Other creditors
1,656
753

Accruals and deferred income
1,082
1,257

7,174
12,005



8.


Deferred taxation




2023


£






At beginning of year
(62)


Charged to profit or loss
16



At end of year
(46)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(46)
(62)

(46)
(62)

 
Page 7