Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false1trueNo description of principal activity1true 09296178 2022-05-01 2023-04-30 09296178 2021-05-01 2022-04-30 09296178 2023-04-30 09296178 2022-04-30 09296178 c:Director1 2022-05-01 2023-04-30 09296178 d:CurrentFinancialInstruments 2023-04-30 09296178 d:CurrentFinancialInstruments 2022-04-30 09296178 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09296178 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 09296178 d:ShareCapital 2023-04-30 09296178 d:ShareCapital 2022-04-30 09296178 d:SharePremium 2023-04-30 09296178 d:SharePremium 2022-04-30 09296178 d:RetainedEarningsAccumulatedLosses 2023-04-30 09296178 d:RetainedEarningsAccumulatedLosses 2022-04-30 09296178 c:FRS102 2022-05-01 2023-04-30 09296178 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 09296178 c:FullAccounts 2022-05-01 2023-04-30 09296178 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 09296178









QJAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
QJAM LIMITED
REGISTERED NUMBER: 09296178

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
331
-

Cash at bank and in hand
 5 
-
393

  
331
393

Creditors: amounts falling due within one year
 6 
-
(640)

Net current assets/(liabilities)
  
 
 
331
 
 
(247)

Total assets less current liabilities
  
331
(247)


Capital and reserves
  

Called up share capital 
  
310
310

Share premium account
  
157,763
157,763

Profit and loss account
  
(157,742)
(158,320)

  
331
(247)


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 comprehensive income 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 2 February 2024.


T Harris
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
QJAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Qjam Limited is a private Company incorporated in United Kingdom and registered in England and Wales. The registered office address is 101 New Cavendish Street, London, W1W 6XH.

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

Going concern

Given that the company is in a net deficit position the director has given assurances to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to him, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going  concern  basis. Accordingly the director has continued to prepare the financial statements on the going  concern basis.

 
2.3

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.

 
2.4

Taxation

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.

Page 2

 
QJAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
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.

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
QJAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Debtors

2023
2022
£
£

Other debtors
331
-



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
393



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
40

Accruals and deferred income
-
600

-
640


 
Page 4