Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true2022-11-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12969340 2022-11-01 2023-10-31 12969340 2021-11-01 2022-10-31 12969340 2023-10-31 12969340 2022-10-31 12969340 c:Director1 2022-11-01 2023-10-31 12969340 d:ComputerEquipment 2022-11-01 2023-10-31 12969340 d:ComputerEquipment 2023-10-31 12969340 d:ComputerEquipment 2022-10-31 12969340 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12969340 d:CurrentFinancialInstruments 2023-10-31 12969340 d:CurrentFinancialInstruments 2022-10-31 12969340 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12969340 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12969340 d:ShareCapital 2022-11-01 2023-10-31 12969340 d:ShareCapital 2023-10-31 12969340 d:ShareCapital 2022-10-31 12969340 d:SharePremium 2022-11-01 2023-10-31 12969340 d:SharePremium 2023-10-31 12969340 d:SharePremium 2022-10-31 12969340 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12969340 d:RetainedEarningsAccumulatedLosses 2023-10-31 12969340 d:RetainedEarningsAccumulatedLosses 2022-10-31 12969340 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 12969340 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 12969340 c:OrdinaryShareClass1 2022-11-01 2023-10-31 12969340 c:OrdinaryShareClass1 2023-10-31 12969340 c:OrdinaryShareClass1 2022-10-31 12969340 c:FRS102 2022-11-01 2023-10-31 12969340 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12969340 c:FullAccounts 2022-11-01 2023-10-31 12969340 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12969340














J O K DIGITAL LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
J O K DIGITAL LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 8

 
J O K DIGITAL LIMITED
REGISTERED NUMBER:12969340

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,072
2,992

  
2,072
2,992

Current assets
  

Stocks
 5 
257,159
210,181

Debtors: amounts falling due within one year
 6 
49
49

Cash at bank and in hand
 7 
11,860
3,663

  
269,068
213,893

Creditors: amounts falling due within one year
 8 
(8,897)
(5,700)

Net current assets
  
 
 
260,171
 
 
208,193

Total assets less current liabilities
  
262,243
211,185

Provisions for liabilities
  

Deferred tax
 9 
(518)
-

  
 
 
(518)
 
 
-

Net assets
  
261,725
211,185


Capital and reserves
  

Called up share capital 
 10 
527
521

Share premium account
  
303,958
243,964

Profit and loss account
  
(42,760)
(33,300)

  
261,725
211,185


1

 
J O K DIGITAL LIMITED
REGISTERED NUMBER:12969340
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 profit and loss account 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 by: 




Joshua Owain Kane
Director

Date: 29 July 2024

The notes on pages 4 to 8 form part of these financial statements.

2

 
J O K DIGITAL LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 November 2022
521
243,964
(33,300)
211,185


Comprehensive income for the year

Loss for the year
-
-
(9,460)
(9,460)
Total comprehensive income for the year
-
-
(9,460)
(9,460)

Shares issued during the year
6
59,994
-
60,000


Total transactions with owners
6
59,994
-
60,000


At 31 October 2023
527
303,958
(42,760)
261,725


The notes on pages 4 to 8 form part of these financial statements.

3

 
J O K DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

J O K Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 12969340. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 

The principal activity of the company is that of developing video games and innovative fashion designing.

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.

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4

 
J O K DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

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:

Computer equipment
-
25%

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.

 
2.4

Stocks

Stock of work in progress is valued at the lower of cost and net realisable value. The cost of the work in progress is the costs relating to the development of the video game production.


 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

5

 
J O K DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, trade creditors, and loans with related parties.


3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2022
3,682



At 31 October 2023

3,682



Depreciation


At 1 November 2022
690


Charge for the period
920



At 31 October 2023

1,610



Net book value



At 31 October 2023
2,072



At 31 October 2022
2,992


5.


Stocks

2023
2022
£
£

Work in progress
257,159
210,181


6

 
J O K DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
49
49



7.


Cash

2023
2022
£
£

Cash at bank and in hand
11,860
3,663



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
247
-

Accruals
8,650
5,700

8,897
5,700



9.


Deferred taxation




2023


£






Charged to profit or loss
518



At end of year
518

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
518
-

7

 
J O K DIGITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,549 (2022 - 10,429) Ordinary shares of £0.05 each
527
521


On 8 November 2022, the company alloted 120 Ordinary shares at a premium of £500 per share.
All of the shares have full voting rights, dividend and capital distribution (including on winding up) rights and they do not confer any rights of redemption.
 

11.


Related party transactions

Included within other creditors at the year end is a balance totalling due from £49 (2022 - £49) the director. The loan is interest free and repayable on demand.
Included within other creditors at the year end is an amount of £247 due to a related company. The loan is interest free and repayable on demand.

 
8