Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09339781 Victoria Horley Giles Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09339781 2022-12-31 09339781 2023-12-31 09339781 2023-01-01 2023-12-31 09339781 frs-core:CurrentFinancialInstruments 2023-12-31 09339781 frs-core:Non-currentFinancialInstruments 2023-12-31 09339781 frs-core:FurnitureFittings 2023-12-31 09339781 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09339781 frs-core:FurnitureFittings 2022-12-31 09339781 frs-core:ShareCapital 2023-12-31 09339781 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09339781 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09339781 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09339781 frs-bus:SmallEntities 2023-01-01 2023-12-31 09339781 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09339781 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09339781 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09339781 frs-bus:OrdinaryShareClass1 2023-12-31 09339781 frs-bus:Director1 2023-01-01 2023-12-31 09339781 frs-bus:Director2 2023-01-01 2023-12-31 09339781 frs-countries:EnglandWales 2023-01-01 2023-12-31 09339781 2021-12-31 09339781 2022-12-31 09339781 2022-01-01 2022-12-31 09339781 frs-core:CurrentFinancialInstruments 2022-12-31 09339781 frs-core:Non-currentFinancialInstruments 2022-12-31 09339781 frs-core:ShareCapital 2022-12-31 09339781 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09339781 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 09339781
Juice Tactics Limited
Financial Statements
For The Year Ended 31 December 2023
Sestini & Co.
Paulton House
Old Mills
Paulton
Bristol
BS39 7SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09339781
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,309 22,038
18,309 22,038
CURRENT ASSETS
Debtors 5 32,563 22,873
Cash at bank and in hand 186,053 586,450
218,616 609,323
Creditors: Amounts Falling Due Within One Year 6 (222,219 ) (509,745 )
NET CURRENT ASSETS (LIABILITIES) (3,603 ) 99,578
TOTAL ASSETS LESS CURRENT LIABILITIES 14,706 121,616
Creditors: Amounts Falling Due After More Than One Year 7 (14,167 ) (24,167 )
NET ASSETS 539 97,449
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 439 97,349
SHAREHOLDERS' FUNDS 539 97,449
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Victoria Horley
Director
23/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Juice Tactics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09339781 . The registered office is Paulton House Old Mills, Paulton, Bristol, BS39 7SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Financial Instruments
The entity has only entered into basic financial instruments. Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Estimates and judgements
There were no critical accounting estimates or judgements required in the preparation of these financial statements in the current or prior year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 45,273
Additions 1,891
As at 31 December 2023 47,164
Depreciation
As at 1 January 2023 23,235
Provided during the period 5,620
As at 31 December 2023 28,855
...CONTINUED
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Net Book Value
As at 31 December 2023 18,309
As at 1 January 2023 22,038
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,748 1,745
Prepayments and accrued income 21,556 21,128
Other debtors 4,259 -
32,563 22,873
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,111 2,070
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 101,627 123,654
Other creditors 101,481 374,021
222,219 509,745
Included in Bank loans and overdrafts is £10,000 that is secured by the government (2022: £10,000).
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,167 24,167
Included in Bank Loans is £14,167 that is secured by the government (2022: £24,167).
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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