BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the running of a retail store. 22 March 2024 1 1 04601432 2023-12-31 04601432 2022-12-31 04601432 2021-12-31 04601432 2023-01-01 2023-12-31 04601432 2022-01-01 2022-12-31 04601432 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04601432 uk-curr:PoundSterling 2023-01-01 2023-12-31 04601432 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04601432 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 04601432 uk-core:ShareCapital 2023-12-31 04601432 uk-core:ShareCapital 2022-12-31 04601432 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04601432 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04601432 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 04601432 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 04601432 uk-bus:FRS102 2023-01-01 2023-12-31 04601432 uk-core:Goodwill 2023-01-01 2023-12-31 04601432 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 04601432 uk-core:MotorVehicles 2023-01-01 2023-12-31 04601432 uk-core:Goodwill 2022-12-31 04601432 uk-core:Goodwill 2023-12-31 04601432 2023-01-01 2023-12-31 04601432 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 04601432 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Just Joys Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Just Joys Limited
Company Registration Number: 04601432
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 6,610 9,915
Tangible assets 5 1,950 2,426
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Fixed Assets 8,560 12,341
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Current Assets
Debtors 23,093 21,703
Cash at bank and in hand 1,807 942
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24,900 22,645
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Creditors: amounts falling due within one year (25,549) (20,874)
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Net Current (Liabilities)/Assets (649) 1,771
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Total Assets less Current Liabilities 7,911 14,112
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Capital and Reserves
Called up share capital 2 2
Retained earnings 7,909 14,110
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Shareholders' Funds 7,911 14,112
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 22 March 2024
           
           
________________________________          
Mr J C Joy          
Director          
           



Just Joys Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Just Joys Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 9a Preston Road, Weymouth, Dorset, DT3 6PU, United Kingdom which is also the principal place of business of the company. The principal activity of the company is the running of a retail store. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Employee 1 1
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 January 2023 66,100 66,100
  ───────── ─────────
 
At 31 December 2023 66,100 66,100
  ───────── ─────────
Amortisation
At 1 January 2023 56,185 56,185
Charge for financial year 3,305 3,305
  ───────── ─────────
At 31 December 2023 59,490 59,490
  ───────── ─────────
Net book value
At 31 December 2023 6,610 6,610
  ═════════ ═════════
At 31 December 2022 9,915 9,915
  ═════════ ═════════
         
5. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 January 2023 6,337 1,500 7,837
  ───────── ───────── ─────────
 
At 31 December 2023 6,337 1,500 7,837
  ───────── ───────── ─────────
Depreciation
At 1 January 2023 5,035 376 5,411
Charge for the financial year 195 281 476
  ───────── ───────── ─────────
At 31 December 2023 5,230 657 5,887
  ───────── ───────── ─────────
Net book value
At 31 December 2023 1,107 843 1,950
  ═════════ ═════════ ═════════
At 31 December 2022 1,302 1,124 2,426
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.