Jobean Limited |
Registered number: 08160870 |
Balance Sheet |
at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investments in financial assets |
3 |
|
|
1 |
|
|
1 |
|
|
|
|
1 |
|
|
1 |
|
|
|
|
|
|
|
|
Current assets |
Debtors |
4 |
|
|
353,789 |
|
|
266,936 |
Cash at bank and in hand |
|
|
|
432 |
|
|
84 |
|
|
|
|
354,221 |
|
|
267,020 |
Creditors: amounts falling due within one year |
5 |
|
|
(201,509) |
|
|
(129,699) |
|
|
|
|
|
|
|
|
|
Net current assets |
|
|
|
152,712 |
|
|
137,321 |
|
Total assets less current liabilities and net assets |
|
|
|
152,713 |
|
|
137,322 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Retained earnings |
|
|
|
152,711 |
|
|
137,320 |
|
Shareholders' funds |
|
|
|
152,713 |
|
|
137,322 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit of its financial statements under section 477 of the Companies Act 2006 ('the Act') for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. |
In accordance with section 444 of the Act, neither the profit and loss account nor the directors' report for the year ended 31 March 2024 are delivered. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
|
|
|
|
M D Thompson |
Director |
Approved by the board on 31 July 2024 |
|
The notes on pages 2 and 3 form part of these financial statements. |
|
Jobean Limited |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
|
1 |
Accounting policies |
|
|
Basis of preparation of financial statements |
|
The financial statements have been prepared in accordance with the provisions of FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") (as applied to small entities by section 1A of the standard) and the Companies Act 2006 ("the Act"). A summary of the material accounting policies, which have been consistently applied, and which have remained unchanged from the previous period, is given below. |
|
|
Turnover and revenue recognition |
|
Turnover represents proceeds from trading activities excluding value added tax. All turnover arises within the United Kingdom. |
|
|
Investments and impairment of investments |
|
Investments in equity share investments are stated at cost, being the fair value of consideration payable for the acquisition, including related acquisition costs. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. When a review for impairment is conducted, the recoverable amount is assessed by reference to the net present value of expected future cash flows of the relevant investment, or the net equity of the investment at the date of the review. Income from all investments is accounted for in the profit and loss account upon receipt of profit distributions from the investments. |
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences arising from the recognition of income and expenses in the financial statements in periods different from those in which they are included 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 balance sheet date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
2 |
Employees |
2024 |
|
2023 |
|
|
The average number of employees during the year, including directors, was |
|
2 |
|
2 |
|
3 |
Investments in financial assets |
Equity |
share |
investments |
£ |
|
Cost and net book value |
|
At 1 April 2023 and 31 March 2024 |
1 |
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
343,822 |
|
265,000 |
|
Amounts owed by related parties |
|
5,625 |
|
- |
|
Prepayments and accrued income |
|
|
|
4,342 |
|
1,936 |
|
|
|
|
|
|
353,789 |
|
266,936 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Amounts owed to related parties |
|
197,869 |
|
128,208 |
|
Corporation tax |
3,640 |
|
1,491 |
|
|
|
|
|
|
201,509 |
|
129,699 |
|
|
Amounts owed to related parties includes £185,000 (2023 - £125,000) loaned to the company for a period of less than one year, at a rate of interest of 6.5%, by a shareholder-director of the company. Amounts owed to related parties also includes a further £12,868 (2023 - £3,207) loaned to the company on an interest-free basis by shareholder-directors of the company. |
|
6 |
Statutory information |
|
|
Jobean Limited is a private company limited by shares and incorporated in England and Wales, registration number 08160870. Its registered office is 8 De Walden Court, 85 New Cavendish Street, London, W1W 6XD. |