1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 80,000 80,000 5,750 4,183 235 4,418 1,332 1,567 xbrli:pure xbrli:shares iso4217:GBP NI627629 2023-01-01 2023-12-31 NI627629 2023-12-31 NI627629 2022-12-31 NI627629 2022-01-01 2022-12-31 NI627629 2022-12-31 NI627629 2021-12-31 NI627629 core:NetGoodwill 2023-01-01 2023-12-31 NI627629 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 NI627629 bus:Director1 2023-01-01 2023-12-31 NI627629 core:NetGoodwill 2023-12-31 NI627629 core:WithinOneYear 2023-12-31 NI627629 core:WithinOneYear 2022-12-31 NI627629 core:ShareCapital 2023-12-31 NI627629 core:ShareCapital 2022-12-31 NI627629 core:RetainedEarningsAccumulatedLosses 2023-12-31 NI627629 core:RetainedEarningsAccumulatedLosses 2022-12-31 NI627629 bus:Director1 2022-12-31 NI627629 bus:Director1 2023-12-31 NI627629 bus:Director1 2021-12-31 NI627629 bus:Director1 2022-12-31 NI627629 bus:Director1 2022-01-01 2022-12-31 NI627629 bus:SmallEntities 2023-01-01 2023-12-31 NI627629 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI627629 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI627629 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI627629 bus:FullAccounts 2023-01-01 2023-12-31 NI627629 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI627629 core:FurnitureFittingsToolsEquipment 2023-12-31 NI627629 core:FurnitureFittingsToolsEquipment 2022-12-31
COMPANY REGISTRATION NUMBER: NI627629
Jacaranda International Limited
Filleted Unaudited Financial Statements
31 December 2023
Jacaranda International Limited
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Jacaranda International Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jacaranda International Limited for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. This report is made solely to the director of Jacaranda International Limited in accordance with the terms of our engagement letter dated 27 June 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Jacaranda International Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jacaranda International Limited and its director for our work or for this report.
It is your duty to ensure that Jacaranda International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jacaranda International Limited. You consider that Jacaranda International Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Jacaranda International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
JOSEPH MURRAY LIMITED Chartered accountants
30b MARKET SQUARE DROMORE CO. DOWN BT25 1AW
5 February 2024
Jacaranda International Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
1,332
1,567
Current assets
Debtors
7
41,914
13,248
Cash at bank and in hand
17,500
48,108
--------
--------
59,414
61,356
Creditors: amounts falling due within one year
8
59,614
61,800
--------
--------
Net current liabilities
200
444
-------
-------
Total assets less current liabilities
1,132
1,123
-------
-------
Net assets
1,132
1,123
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,032
1,023
-------
-------
Shareholder funds
1,132
1,123
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jacaranda International Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mr Eric Martin
Director
Company registration number: NI627629
Jacaranda International Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 17 Enterprise Crescent, Lisburn, BT28 2BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
80,000
--------
Amortisation
At 1 January 2023 and 31 December 2023
80,000
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
5,750
5,750
-------
-------
Depreciation
At 1 January 2023
4,183
4,183
Charge for the year
235
235
-------
-------
At 31 December 2023
4,418
4,418
-------
-------
Carrying amount
At 31 December 2023
1,332
1,332
-------
-------
At 31 December 2022
1,567
1,567
-------
-------
7. Debtors
2023
2022
£
£
Trade debtors
1,165
Amounts owed by group undertakings and undertakings in which the company has a participating interest
38,722
12,047
Other debtors
3,192
36
--------
--------
41,914
13,248
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
8,680
9,053
Other creditors
50,934
52,747
--------
--------
59,614
61,800
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr Eric Martin
( 1,664)
( 52,074)
52,387
( 1,351)
-------
--------
--------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr Eric Martin
( 906)
( 86,889)
86,131
( 1,664)
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