Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01Jeweller32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09276842 2022-12-01 2023-11-30 09276842 2021-12-01 2022-11-30 09276842 2023-11-30 09276842 2022-11-30 09276842 2021-12-01 09276842 c:Director1 2022-12-01 2023-11-30 09276842 d:FurnitureFittings 2022-12-01 2023-11-30 09276842 d:FurnitureFittings 2023-11-30 09276842 d:FurnitureFittings 2022-11-30 09276842 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09276842 d:Goodwill 2022-12-01 2023-11-30 09276842 d:Goodwill 2023-11-30 09276842 d:Goodwill 2022-11-30 09276842 d:CurrentFinancialInstruments 2023-11-30 09276842 d:CurrentFinancialInstruments 2022-11-30 09276842 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09276842 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09276842 d:ShareCapital 2023-11-30 09276842 d:ShareCapital 2022-11-30 09276842 d:RetainedEarningsAccumulatedLosses 2023-11-30 09276842 d:RetainedEarningsAccumulatedLosses 2022-11-30 09276842 c:FRS102 2022-12-01 2023-11-30 09276842 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09276842 c:FullAccounts 2022-12-01 2023-11-30 09276842 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09276842 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 09276842 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 09276842 d:RetirementBenefitObligationsDeferredTax 2023-11-30 09276842 d:RetirementBenefitObligationsDeferredTax 2022-11-30 09276842 d:Goodwill d:OwnedIntangibleAssets 2022-12-01 2023-11-30 09276842 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09276842










JOHA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
JOHA LIMITED
REGISTERED NUMBER: 09276842

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
48,000
96,000

Tangible assets
 5 
9,193
11,660

  
57,193
107,660

Current assets
  

Stocks
  
780,000
805,181

Debtors: amounts falling due within one year
 6 
21,859
5,966

Cash at bank and in hand
  
2,365,021
957,921

  
3,166,880
1,769,068

Creditors: amounts falling due within one year
 7 
(1,070,624)
(595,575)

Net current assets
  
 
 
2,096,256
 
 
1,173,493

Provisions for liabilities
  

Deferred tax
 8 
(2,266)
(2,915)

Net assets
  
2,151,183
1,278,238


Capital and reserves
  

Called up share capital 
  
50
50

Profit and loss account
  
2,151,133
1,278,188

  
2,151,183
1,278,238


Page 1

 
JOHA LIMITED
REGISTERED NUMBER: 09276842
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers 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 director acknowledges his 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 on 14 August 2024.


Jonathan E Haag
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Joha Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 09276842). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity of the Company throughout the year continued to be that of a jeweller.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings. 

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that :
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions retaiining associated tax allowancs have been met.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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, as follows.

The depreciation rates used are:

Fixtures and fittings
-
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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.                                
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 6

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
480,000



At 30 November 2023

480,000



Amortisation


At 1 December 2022
384,000


Charge for the year on owned assets
48,000



At 30 November 2023

432,000



Net book value



At 30 November 2023
48,000



At 30 November 2022
96,000



Page 7

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 December 2022
22,230


Additions
470



At 30 November 2023

22,700



Depreciation


At 1 December 2022
10,570


Charge for the year on owned assets
2,937



At 30 November 2023

13,507



Net book value



At 30 November 2023
9,193



At 30 November 2022
11,660


6.


Debtors

2023
2022
£
£


Other debtors
16,239
4,039

Prepayments and accrued income
5,620
1,927

21,859
5,966


Page 8

 
JOHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
508,729
250,903

Corporation tax
353,092
134,158

Other taxation and social security
142,606
171,721

Other creditors
44,186
29,514

Accruals and deferred income
22,011
9,279

1,070,624
595,575



8.


Deferred taxation




2023
2022


£

£






At beginning of year
2,915
-


Charged to profit or loss
(649)
2,915



At end of year
2,266
2,915

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
2,298
2,915

Pension surplus
(32)
-

2,266
2,915


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £130 (2022: £nil). Contributions totalling £130 (2022: £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9