Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrue2023-01-01falseNo description of principal activity2322trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03373640 2023-01-01 2023-12-31 03373640 2022-01-01 2022-12-31 03373640 2023-12-31 03373640 2022-12-31 03373640 c:Director1 2023-01-01 2023-12-31 03373640 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 03373640 d:Buildings d:ShortLeaseholdAssets 2023-12-31 03373640 d:Buildings d:ShortLeaseholdAssets 2022-12-31 03373640 d:MotorVehicles 2023-01-01 2023-12-31 03373640 d:MotorVehicles 2023-12-31 03373640 d:MotorVehicles 2022-12-31 03373640 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03373640 d:FurnitureFittings 2023-01-01 2023-12-31 03373640 d:FurnitureFittings 2023-12-31 03373640 d:FurnitureFittings 2022-12-31 03373640 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03373640 d:OfficeEquipment 2023-01-01 2023-12-31 03373640 d:OfficeEquipment 2023-12-31 03373640 d:OfficeEquipment 2022-12-31 03373640 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03373640 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03373640 d:Goodwill 2023-01-01 2023-12-31 03373640 d:Goodwill 2023-12-31 03373640 d:Goodwill 2022-12-31 03373640 d:CurrentFinancialInstruments 2023-12-31 03373640 d:CurrentFinancialInstruments 2022-12-31 03373640 d:Non-currentFinancialInstruments 2023-12-31 03373640 d:Non-currentFinancialInstruments 2022-12-31 03373640 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03373640 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03373640 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03373640 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03373640 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 03373640 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 03373640 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03373640 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 03373640 d:ShareCapital 2023-12-31 03373640 d:ShareCapital 2022-12-31 03373640 d:RetainedEarningsAccumulatedLosses 2023-12-31 03373640 d:RetainedEarningsAccumulatedLosses 2022-12-31 03373640 c:FRS102 2023-01-01 2023-12-31 03373640 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03373640 c:FullAccounts 2023-01-01 2023-12-31 03373640 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03373640 2 2023-01-01 2023-12-31 03373640 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 03373640 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03373640










JEFFERSONS JEMNICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JEFFERSONS JEMNICS LIMITED
REGISTERED NUMBER: 03373640

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
16,417
21,882

Tangible assets
 5 
36,057
16,200

  
52,474
38,082

Current assets
  

Debtors: amounts falling due within one year
 6 
158,035
242,301

Cash at bank and in hand
  
23,448
38,514

  
181,483
280,815

Creditors: amounts falling due within one year
 7 
(147,900)
(181,631)

Net current assets
  
 
 
33,583
 
 
99,184

Total assets less current liabilities
  
86,057
137,266

Creditors: amounts falling due after more than one year
 8 
(56,667)
(96,667)

Provisions for liabilities
  

Deferred tax
  
(6,738)
-

  
 
 
(6,738)
 
 
-

Net assets
  
22,652
40,599


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
22,651
40,598

  
22,652
40,599


Page 1

 
JEFFERSONS JEMNICS LIMITED
REGISTERED NUMBER: 03373640
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 on 30 August 2024.




D S Gharial
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

Interest income

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

 
1.5

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.

 
1.6

Borrowing costs

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

Page 3

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 reporting 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 for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.9

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

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

 
1.10

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, using the following methods.

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight line over 31 years
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
straight line
Office equipment
-
33%
straight line

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.

 
1.11

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.

Page 5

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.12

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.

 
1.13

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.

 
1.14

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.

 
1.15

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.


2.


General information

Jeffersons Jemnics Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 03373640
The address of its Registered office is:
9 High Street
Welwyn
Hertfordshire
AL6 9EE


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2022 - 22).

Page 6

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
27,349



At 31 December 2023

27,349



Amortisation


At 1 January 2023
5,467


Charge for the year on owned assets
5,467



At 31 December 2023

10,934



Net book value



At 31 December 2023
16,415



At 31 December 2022
21,882



Page 7

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
14,896
23,904
1,667
47,447
87,914


Additions
-
39,995
2,098
999
43,092


Disposals
-
(19,604)
-
-
(19,604)



At 31 December 2023

14,896
44,295
3,765
48,446
111,402



Depreciation


At 1 January 2023
14,896
13,215
1,000
42,602
71,713


Charge for the year on owned assets
-
10,603
753
3,610
14,966


Disposals
-
(11,334)
-
-
(11,334)



At 31 December 2023

14,896
12,484
1,753
46,212
75,345



Net book value



At 31 December 2023
-
31,811
2,012
2,234
36,057



At 31 December 2022
-
10,689
666
4,845
16,200

Page 8

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
7,975
3,961

Amounts owed by group undertakings
135,740
228,740

Other debtors
11,241
5,100

Prepayments and accrued income
3,079
4,500

158,035
242,301



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
40,000
40,000

Trade creditors
23,823
21,980

Amounts owed to group undertakings
32,849
27,504

Corporation tax
8,523
24,451

Other taxation and social security
34,297
48,391

Other creditors
5,073
16,805

Accruals and deferred income
3,335
2,500

147,900
181,631



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
56,667
96,667

56,667
96,667


Page 9

 
JEFFERSONS JEMNICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
40,000
40,000


40,000
40,000

Amounts falling due 1-2 years

Bank loans
40,000
40,000


40,000
40,000

Amounts falling due 2-5 years

Bank loans
16,667
56,667


16,667
56,667


96,667
136,667



10.


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 £5,828 (2022: £5,624). Contributions totalling £1,283 (2022: £1,067) were payable to the fund at the reporting date and are included in creditors.


11.


Controlling party

The parent company is Naanak Holdings Limited, the ultimate controlling party is D S Gharial by virtue of his shareholding in Naanak Holdings Limited.
 
Page 10