Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30trueNo description of principal activity2022-10-01false6true6The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10982449 2022-10-01 2023-09-30 10982449 2021-10-01 2022-09-30 10982449 2023-09-30 10982449 2022-09-30 10982449 c:Director1 2022-10-01 2023-09-30 10982449 c:Director2 2022-10-01 2023-09-30 10982449 d:ComputerEquipment 2022-10-01 2023-09-30 10982449 d:ComputerEquipment 2023-09-30 10982449 d:ComputerEquipment 2022-09-30 10982449 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10982449 d:CurrentFinancialInstruments 2023-09-30 10982449 d:CurrentFinancialInstruments 2022-09-30 10982449 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10982449 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10982449 d:ShareCapital 2023-09-30 10982449 d:ShareCapital 2022-09-30 10982449 d:RetainedEarningsAccumulatedLosses 2023-09-30 10982449 d:RetainedEarningsAccumulatedLosses 2022-09-30 10982449 c:FRS102 2022-10-01 2023-09-30 10982449 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10982449 c:FullAccounts 2022-10-01 2023-09-30 10982449 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10982449 2 2022-10-01 2023-09-30 10982449 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 10982449









JIFJAFF LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
JIFJAFF LIMITED
REGISTERED NUMBER: 10982449

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,056
4,343

  
4,056
4,343

Current assets
  

Debtors: amounts falling due within one year
 5 
319,160
346,989

Cash at bank and in hand
 6 
881,241
525,439

  
1,200,401
872,428

Creditors: amounts falling due within one year
 7 
(691,001)
(532,725)

Net current assets
  
 
 
509,400
 
 
339,703

Total assets less current liabilities
  
513,456
344,046

  

Net assets
  
513,456
344,046


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
513,356
343,946

  
513,456
344,046


Page 1

 
JIFJAFF LIMITED
REGISTERED NUMBER: 10982449
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Talwar
J Aitman
Director
Director


Date: 2 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JIFJAFF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Jifjaff Limited is a company limited by shares, registered in England and Wales. The address of the registered office is Aston House, Cornwall Avenue, London, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
JIFJAFF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
JIFJAFF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
166,551
119,350

Social security costs
9,394
5,551

Cost of defined contribution scheme
1,868
1,313

177,813
126,214


The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2022
10,503


Additions
1,065



At 30 September 2023

11,568



Depreciation


At 1 October 2022
6,160


Charge for the year on owned assets
1,352



At 30 September 2023

7,512



Net book value



At 30 September 2023
4,056



At 30 September 2022
4,343

Page 5

 
JIFJAFF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
121,997
132,309

Other debtors
1,000
1,000

Prepayments and accrued income
196,163
213,680

319,160
346,989



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
881,241
525,439

881,241
525,439



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
44,592
58,134

Trade creditors
12,147
1,991

Other taxation and social security
87,325
45,523

Other creditors
111,322
70,420

Accruals and deferred income
435,615
356,657

691,001
532,725


 
Page 6