Registered number
12981612
Joseph Group Pvt Ltd
Filleted Abridged Accounts
31 October 2023
Joseph Group Pvt Ltd
Registered number: 12981612
Abridged Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 50,600 52,800
Current assets
Stocks 2,600 2,785
Debtors 1,160 801
Cash at bank and in hand 2,540 317
6,300 3,903
Creditors: amounts falling due within one year (74,642) (69,281)
Net current liabilities (68,342) (65,378)
Total assets less current liabilities (17,742) (12,578)
Creditors: amounts falling due after more than one year (4,475) (5,000)
Net liabilities (22,217) (17,578)
Capital and reserves
Called up share capital 2 2
Profit and loss account (22,219) (17,580)
Shareholders' funds (22,217) (17,578)
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Soy Joseph
Director
Approved by the board on 30 July 2024
Joseph Group Pvt Ltd
Notes to the Abridged Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The abridged 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 55,000
At 31 October 2023 55,000
Amortisation
At 1 November 2022 2,200
Provided during the year 2,200
At 31 October 2023 4,400
Net book value
At 31 October 2023 50,600
At 31 October 2022 52,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Other information
Joseph Group Pvt Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Dean Close
Littleover
Derby
Derbyshire
DE23 4EF
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