Caseware UK (AP4) 2023.0.135 2023.0.135 2023-02-282023-02-28false2022-03-01trueproviding caddying services to professional golfers11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10626197 2022-03-01 2023-02-28 10626197 2021-03-01 2022-02-28 10626197 2023-02-28 10626197 2022-02-28 10626197 c:Director1 2022-03-01 2023-02-28 10626197 d:CurrentFinancialInstruments 2023-02-28 10626197 d:CurrentFinancialInstruments 2022-02-28 10626197 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10626197 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10626197 d:ShareCapital 2023-02-28 10626197 d:ShareCapital 2022-02-28 10626197 d:RetainedEarningsAccumulatedLosses 2023-02-28 10626197 d:RetainedEarningsAccumulatedLosses 2022-02-28 10626197 c:OrdinaryShareClass1 2022-03-01 2023-02-28 10626197 c:OrdinaryShareClass1 2023-02-28 10626197 c:OrdinaryShareClass1 2022-02-28 10626197 c:FRS102 2022-03-01 2023-02-28 10626197 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10626197 c:FullAccounts 2022-03-01 2023-02-28 10626197 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10626197 e:PoundSterling 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10626197









JJSL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
JJSL LIMITED
REGISTERED NUMBER: 10626197

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,353
-

Cash at bank and in hand
 5 
51,707
25,189

  
53,060
25,189

Creditors: amounts falling due within one year
 6 
(6,780)
(16,063)

Net current assets
  
 
 
46,280
 
 
9,126

Total assets less current liabilities
  
46,280
9,126

  

Net assets
  
46,280
9,126


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
46,180
9,026

  
46,280
9,126


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 comprehensive income 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: 




JJS Lane
Director

Date: 14 August 2024

Page 1

 
JJSL LIMITED
REGISTERED NUMBER: 10626197
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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

Page 2

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

JJSL Limited is a private company limited by shares and incorporated in England and Wales. The registered office of the company is 73-81 Southwark Bridge Road, London SE1 0NQ. The principal activity of the company during the period was that of providing caddying services to professional golfers.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

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 services is recognised in the period in which the services are provided in accordance with the contract with the professional golfer 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 for the services provided.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
JJSL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Debtors

2023
2022
£
£


Other debtors
1,353
-

1,353
-



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,707
25,189

51,707
25,189



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
8,875

Other creditors
330
588

Accruals
6,450
6,600

6,780
16,063



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Transactions with directors

Included within other creditors is an amount due to the director of £330 (2022 - £588). 
The director has an interest in dividends declared of £75,000 (
2022 - £117,000).

 
Page 6