Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity64 09825878 2022-11-01 2023-10-31 09825878 2021-11-01 2022-10-31 09825878 2023-10-31 09825878 2022-10-31 09825878 c:Director1 2022-11-01 2023-10-31 09825878 d:PlantMachinery 2022-11-01 2023-10-31 09825878 d:PlantMachinery 2023-10-31 09825878 d:PlantMachinery 2022-10-31 09825878 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09825878 d:OfficeEquipment 2022-11-01 2023-10-31 09825878 d:OfficeEquipment 2023-10-31 09825878 d:OfficeEquipment 2022-10-31 09825878 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09825878 d:ComputerEquipment 2022-11-01 2023-10-31 09825878 d:ComputerEquipment 2023-10-31 09825878 d:ComputerEquipment 2022-10-31 09825878 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09825878 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09825878 d:Goodwill 2022-11-01 2023-10-31 09825878 d:Goodwill 2023-10-31 09825878 d:Goodwill 2022-10-31 09825878 d:CurrentFinancialInstruments 2023-10-31 09825878 d:CurrentFinancialInstruments 2022-10-31 09825878 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09825878 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09825878 d:ShareCapital 2023-10-31 09825878 d:ShareCapital 2022-10-31 09825878 d:RetainedEarningsAccumulatedLosses 2023-10-31 09825878 d:RetainedEarningsAccumulatedLosses 2022-10-31 09825878 c:FRS102 2022-11-01 2023-10-31 09825878 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09825878 c:FullAccounts 2022-11-01 2023-10-31 09825878 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09825878 d:WithinOneYear 2023-10-31 09825878 d:WithinOneYear 2022-10-31 09825878 d:BetweenOneFiveYears 2023-10-31 09825878 d:BetweenOneFiveYears 2022-10-31 09825878 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 09825878









JIMBOBART LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023














 
JIMBOBART LIMITED
REGISTERED NUMBER:09825878

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,000
3,000

Tangible assets
 5 
13,773
18,445

  
15,773
21,445

Current assets
  

Stocks
  
66,010
60,484

Debtors: amounts falling due within one year
 6 
13,802
16,639

Cash at bank and in hand
  
130,255
108,087

  
210,067
185,210

Creditors: amounts falling due within one year
 7 
(41,275)
(62,154)

Net current assets
  
 
 
168,792
 
 
123,056

Total assets less current liabilities
  
184,565
144,501

  

Net assets
  
184,565
144,501


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
184,465
144,401

  
184,565
144,501

Page 1

 
JIMBOBART LIMITED
REGISTERED NUMBER:09825878
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider 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 directors acknowledge their 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 27 March 2024.



J Ward
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Jimbobart Limited is a private company, limited by shares, domiciled in England and Wales. The registered office address is Unit C, Level 2 North New England House, New England Street, Brighton, BN1 4GH. 

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

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Page 4

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 years straight line
Office equipment
-
5 years straight line
Computer equipment
-
5 years straight line

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.
Page 5

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.14

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 6 (2022 - 4).

Page 6

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 November 2022
10,000



At 31 October 2023

10,000



Amortisation


At 1 November 2022
7,000


Charge for the year on owned assets
1,000



At 31 October 2023

8,000



Net book value



At 31 October 2023
2,000



At 31 October 2022
3,000



Page 7

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
6,117
16,073
13,505
35,695


Additions
-
1,449
-
1,449



At 31 October 2023

6,117
17,522
13,505
37,144



Depreciation


At 1 November 2022
5,883
5,304
6,063
17,250


Charge for the year on owned assets
116
3,471
2,534
6,121



At 31 October 2023

5,999
8,775
8,597
23,371



Net book value



At 31 October 2023
118
8,747
4,908
13,773



At 31 October 2022
234
10,769
7,442
18,445


6.


Debtors

2023
2022
£
£


Trade debtors
7,819
8,842

Other debtors
5,983
7,291

Prepayments and accrued income
-
506

13,802
16,639


Page 8

 
JIMBOBART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
88
15,639

Corporation tax
30,013
25,489

Other taxation and social security
429
-

Other creditors
9,541
19,901

Accruals and deferred income
1,204
1,125

41,275
62,154



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £857 (2022 - £1,248). Contributions totalling £160 (2022 - £37) were payable to the fund at the balance sheet date and are  included in creditors.


9.


Commitments under operating leases

At 31 October 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
16,992
17,000

Later than 1 year and not later than 5 years
4,248
21,256

21,240
38,256

 
Page 9