Registered number
08160870
Jobean Limited
Filleted Accounts
31 March 2024
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.
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