Registered number
10584911
Joyofcooking Ltd.
Filleted Accounts
31 October 2023
Joyofcooking Ltd.
Registered number: 10584911
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks 350 350
Cash at bank and in hand 25,144 18,632
25,494 18,982
Creditors: amounts falling due within one year 3 (8,525) (6,893)
Net current assets 16,969 12,089
Net assets 16,969 12,089
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,968 12,088
Shareholder's funds 16,969 12,089
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 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.
Mr Chung-Yin Lee
Director
Approved by the board on 31 July 2024
Joyofcooking Ltd.
Notes to the Accounts
for the year ended 31 October 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.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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. No provision for deferred taxation is required.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 4 3
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,985 4,703
Other creditors 2,540 2,190
8,525 6,893
4 Other information
Joyofcooking Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
C/o Chan & Co
Golden Cross House
8 Duncannon Street
London
WC2N 4JF
5 Ultimate controlling party
The company is controlled by the sole director.
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