Registered number
08518965
Jolie Moi Concessions Limited
Unaudited Filleted Accounts
30 June 2023
Jolie Moi Concessions Limited
Registered number: 08518965
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,967,033 1,997,227
Current assets
Stocks 584,255 577,764
Debtors 4 322,592 185,108
Cash at bank and in hand 1,533,365 845,763
2,440,212 1,608,635
Creditors: amounts falling due within one year 5 (1,887,913) (1,227,014)
Net current assets 552,299 381,621
Total assets less current liabilities 2,519,332 2,378,848
Creditors: amounts falling due after more than one year 6 (685,230) (1,246,783)
Net assets 1,834,102 1,132,065
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,834,092 1,132,055
Shareholder's funds 1,834,102 1,132,065
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Mei Song
Director
Approved by the board on 18 April 2024
Jolie Moi Concessions Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold buildings over 50 years
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 2,034,071 44,485 15,583 2,094,139
Additions - 21,573 - 21,573
At 30 June 2023 2,034,071 66,058 15,583 2,115,712
Depreciation
At 1 July 2022 69,081 18,727 9,104 96,912
Charge for the year 40,681 9,466 1,620 51,767
At 30 June 2023 109,762 28,193 10,724 148,679
Net book value
At 30 June 2023 1,924,309 37,865 4,859 1,967,033
At 30 June 2022 1,964,990 25,758 6,479 1,997,227
4 Debtors 2023 2022
£ £
Trade debtors 316,173 179,570
Other debtors 6,419 5,538
322,592 185,108
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 92,400 92,400
Trade creditors 1,017,158 575,273
Taxation and social security costs 408,610 259,135
Other creditors 369,745 300,206
1,887,913 1,227,014
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 685,230 1,246,783
7 Other information
Jolie Moi Concessions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16 & 17
Basildon
Essex
SS15 6DU
Jolie Moi Concessions Limited 08518965 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2024 Ms Mei Song No description of principal activity 08518965 2021-07-01 2022-06-30 08518965 core:WithinOneYear 2022-06-30 08518965 core:AfterOneYear 2022-06-30 08518965 core:ShareCapital 2022-06-30 08518965 core:RetainedEarningsAccumulatedLosses 2022-06-30 08518965 2022-07-01 2023-06-30 08518965 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08518965 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08518965 bus:Director40 2022-07-01 2023-06-30 08518965 1 2022-07-01 2023-06-30 08518965 2 2022-07-01 2023-06-30 08518965 core:LandBuildings 2022-07-01 2023-06-30 08518965 core:PlantMachinery 2022-07-01 2023-06-30 08518965 core:Vehicles 2022-07-01 2023-06-30 08518965 countries:England 2022-07-01 2023-06-30 08518965 bus:FRS102 2022-07-01 2023-06-30 08518965 bus:FilletedAccounts 2022-07-01 2023-06-30 08518965 2023-06-30 08518965 core:WithinOneYear 2023-06-30 08518965 core:AfterOneYear 2023-06-30 08518965 core:ShareCapital 2023-06-30 08518965 core:RetainedEarningsAccumulatedLosses 2023-06-30 08518965 core:LandBuildings 2023-06-30 08518965 core:PlantMachinery 2023-06-30 08518965 core:Vehicles 2023-06-30 08518965 2022-06-30 08518965 core:LandBuildings 2022-06-30 08518965 core:PlantMachinery 2022-06-30 08518965 core:Vehicles 2022-06-30 iso4217:GBP xbrli:pure