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Registration number: 06843290

Joshdan Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Joshdan Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Joshdan Limited

Company Information

Director

Mr G Lunt

Registered office

Unit 4 Scala Court Leathley Road
Hunslet
Leeds
West Yorkshire
LS10 1BG

 

Joshdan Limited

(Registration number: 06843290)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,004,174

1,004,174

Current assets

 

Cash at bank and in hand

 

72,859

53,602

Creditors: Amounts falling due within one year

5

(98,018)

(129,263)

Net current liabilities

 

(25,159)

(75,661)

Total assets less current liabilities

 

979,015

928,513

Creditors: Amounts falling due after more than one year

5

(66,423)

(108,709)

Net assets

 

912,592

819,804

Capital and reserves

 

Called up share capital

1

1

Retained earnings

912,591

819,803

Shareholders' funds

 

912,592

819,804

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2024
 

.........................................
Mr G Lunt
Director

   
     
 

Joshdan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Unit 4 Scala Court Leathley Road
Hunslet
Leeds
West Yorkshire
LS10 1BG

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.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Joshdan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2

Accounting policies (continued)

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 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Joshdan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,004,174

1,004,174

Subsidiaries

£

Cost or valuation

At 1 August 2022

1,004,174

Provision

Carrying amount

At 31 July 2023

1,004,174

At 31 July 2022

1,004,174

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

G H Hose and Hydraulics Limited

Leathley Road
Leeds

United Kingdom

Ordinary Shares

100%

100%

M1 Hose and Hydraulics Limited

Monkto Road Industrial Estate
Wakefield
WF2 7AL

United Kingdom

Ordinary shares

100%

100%

 

Joshdan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Investments (continued)

Subsidiary undertakings

G H Hose and Hydraulics Limited

The principal activity of G H Hose and Hydraulics Limited is the supply and repair of hydraulic hoses..

M1 Hose and Hydraulics Limited

The principal activity of M1 Hose and Hydraulics Limited is Supply and repair of hydraulic hoses..

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

43,504

74,799

Accruals and deferred income

 

300

250

Other creditors

 

54,214

54,214

 

98,018

129,263

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

66,423

108,709

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

-

37,913

Directors loan account

66,423

70,796

66,423

108,709

Current loans and borrowings

2023
£

2022
£

Bank borrowings

43,504

74,799

 

Joshdan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

7

Related party transactions

Loans from related parties

2023

Key management
£

Total
£

At start of period

70,795

70,795

Repaid

(4,372)

(4,372)

At end of period

66,423

66,423

2022

Key management
£

Total
£

At start of period

70,949

70,949

Repaid

(154)

(154)

At end of period

70,795

70,795