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REGISTERED NUMBER: 11253915 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Joss Bay Limited

Joss Bay Limited (Registered number: 11253915)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Joss Bay Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M W Davis





REGISTERED OFFICE: 48 St. Benets Road
Westgate-On Sea
Kent
CT8 8DZ





REGISTERED NUMBER: 11253915 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Joss Bay Limited (Registered number: 11253915)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 164,052 136,382
Tangible assets 5 3,276 28,845
167,328 165,227

CURRENT ASSETS
Debtors 6 - 10,703
Cash at bank - 25,201
- 35,904
CREDITORS
Amounts falling due within one year 7 219,223 203,941
NET CURRENT LIABILITIES (219,223 ) (168,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,895

)

(2,810

)

CREDITORS
Amounts falling due after more than one
year

8

-

(18,974

)

PROVISIONS FOR LIABILITIES (2,109 ) (2,109 )
NET LIABILITIES (54,004 ) (23,893 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (54,006 ) (23,895 )
(54,004 ) (23,893 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Joss Bay Limited (Registered number: 11253915)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2024 and were signed by:





M W Davis - Director


Joss Bay Limited (Registered number: 11253915)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Joss Bay Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Joss Bay Limited (Registered number: 11253915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 194,828
Additions 182,280
Disposals (194,828 )
At 31 March 2023 182,280
AMORTISATION
At 1 April 2022 58,446
Charge for year 18,228
Eliminated on disposal (58,446 )
At 31 March 2023 18,228
NET BOOK VALUE
At 31 March 2023 164,052
At 31 March 2022 136,382

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 14,466 55,515 69,981
Disposals (14,466 ) - (14,466 )
At 31 March 2023 - 55,515 55,515
DEPRECIATION
At 1 April 2022 - 41,136 41,136
Charge for year - 11,103 11,103
At 31 March 2023 - 52,239 52,239
NET BOOK VALUE
At 31 March 2023 - 3,276 3,276
At 31 March 2022 14,466 14,379 28,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 10,703

Joss Bay Limited (Registered number: 11253915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,551
Trade creditors - 6,567
Taxation and social security - 7,688
Other creditors 219,223 184,135
219,223 203,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 18,974