Jokoto Tailoring and Alterations Limited 11050434 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is tailoring and clothing alterations Digita Accounts Production Advanced 6.30.9574.0 true true 11050434 2022-12-01 2023-11-30 11050434 2023-11-30 11050434 core:CurrentFinancialInstruments 2023-11-30 11050434 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11050434 core:FurnitureFittings 2023-11-30 11050434 core:PlantMachinery 2023-11-30 11050434 bus:SmallEntities 2022-12-01 2023-11-30 11050434 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11050434 bus:FilletedAccounts 2022-12-01 2023-11-30 11050434 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11050434 bus:RegisteredOffice 2022-12-01 2023-11-30 11050434 bus:Director1 2022-12-01 2023-11-30 11050434 bus:Director2 2022-12-01 2023-11-30 11050434 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11050434 core:FurnitureFittings 2022-12-01 2023-11-30 11050434 core:PlantMachinery 2022-12-01 2023-11-30 11050434 countries:EnglandWales 2022-12-01 2023-11-30 11050434 2022-11-30 11050434 core:FurnitureFittings 2022-11-30 11050434 core:PlantMachinery 2022-11-30 11050434 2021-12-01 2022-11-30 11050434 2022-11-30 11050434 core:CurrentFinancialInstruments 2022-11-30 11050434 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 11050434 core:FurnitureFittings 2022-11-30 11050434 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 11050434

Jokoto Tailoring and Alterations Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Jokoto Tailoring and Alterations Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Jokoto Tailoring and Alterations Limited

Company Information

Directors

Miss Hannah Bartlett

Miss Eloise Atwell

Registered office

12 Eastbourne Rd
Bristol
BS5 0HN

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Jokoto Tailoring and Alterations Limited

(Registration number: 11050434)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

         

Fixed assets

   

Tangible assets

4

 

16,779

5,378

Current assets

   

Stocks

5

1,300

 

2,000

Debtors

6

972

 

-

Cash at bank and in hand

 

2,049

 

5,737

 

4,321

 

7,737

Creditors: Amounts falling due within one year

7

(17,807)

 

(11,912)

Net current liabilities

   

(13,486)

(4,175)

Total assets less current liabilities

   

3,293

1,203

Provisions for liabilities

 

(3,153)

(1,102)

Net assets

   

140

101

Capital and reserves

   

Called up share capital

100

 

100

Retained earnings

40

 

1

Shareholders' funds

   

140

101

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

 

Jokoto Tailoring and Alterations Limited

(Registration number: 11050434)
Balance Sheet as at 30 November 2023

.........................................

Miss Hannah Bartlett
Director

.........................................

Miss Eloise Atwell
Director

 

Jokoto Tailoring and Alterations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Eastbourne Rd
Bristol
BS5 0HN

These financial statements were authorised for issue by the Board on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jokoto Tailoring and Alterations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing Balance

Fixtures & Fittings

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Jokoto Tailoring and Alterations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

 

Jokoto Tailoring and Alterations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2022

2,694

10,780

13,474

Additions

-

14,454

14,454

At 30 November 2023

2,694

25,234

27,928

Depreciation

At 1 December 2022

1,947

6,149

8,096

Charge for the year

241

2,812

3,053

At 30 November 2023

2,188

8,961

11,149

Carrying amount

At 30 November 2023

506

16,273

16,779

At 30 November 2022

747

4,631

5,378

5

Stocks

2023
£

2022
£

Other inventories

1,300

2,000

6

Debtors

Current

2023
£

2022
£

Other debtors

972

-

 

972

-

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

4,125

10,132

Accruals and deferred income

115

115

Other creditors

13,567

1,665

17,807

11,912

 

Jokoto Tailoring and Alterations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Related party transactions

At the year end the company owed the directors Ms E Atwell and Ms H Bartlett £11,081 (2022: £1,655). This loan is interest free and repayable on demand.