Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-05-01No description of principal activity4340falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07403549 2023-05-01 2023-12-31 07403549 2022-05-01 2023-04-30 07403549 2023-12-31 07403549 2023-04-30 07403549 c:Director1 2023-05-01 2023-12-31 07403549 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2023-12-31 07403549 d:Buildings d:ShortLeaseholdAssets 2023-12-31 07403549 d:Buildings d:ShortLeaseholdAssets 2023-04-30 07403549 d:MotorVehicles 2023-05-01 2023-12-31 07403549 d:MotorVehicles 2023-12-31 07403549 d:MotorVehicles 2023-04-30 07403549 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2023-12-31 07403549 d:FurnitureFittings 2023-05-01 2023-12-31 07403549 d:FurnitureFittings 2023-12-31 07403549 d:FurnitureFittings 2023-04-30 07403549 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2023-12-31 07403549 d:OwnedOrFreeholdAssets 2023-05-01 2023-12-31 07403549 d:CurrentFinancialInstruments 2023-12-31 07403549 d:CurrentFinancialInstruments 2023-04-30 07403549 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07403549 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07403549 d:ShareCapital 2023-12-31 07403549 d:ShareCapital 2023-04-30 07403549 d:RetainedEarningsAccumulatedLosses 2023-12-31 07403549 d:RetainedEarningsAccumulatedLosses 2023-04-30 07403549 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07403549 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07403549 c:OrdinaryShareClass1 2023-05-01 2023-12-31 07403549 c:OrdinaryShareClass1 2023-12-31 07403549 c:OrdinaryShareClass1 2023-04-30 07403549 c:FRS102 2023-05-01 2023-12-31 07403549 c:AuditExempt-NoAccountantsReport 2023-05-01 2023-12-31 07403549 c:FullAccounts 2023-05-01 2023-12-31 07403549 c:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 07403549 2 2023-05-01 2023-12-31 07403549 e:PoundSterling 2023-05-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07403549









JORADA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
JORADA LIMITED
REGISTERED NUMBER: 07403549

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 April
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
70,833
86,473

  
70,833
86,473

Current assets
  

Debtors: amounts falling due within one year
 5 
18,844
234,421

Cash at bank and in hand
 6 
446,979
69,984

  
465,823
304,405

Creditors: amounts falling due within one year
 7 
(122,048)
(65,499)

Net current assets
  
 
 
343,775
 
 
238,906

Total assets less current liabilities
  
414,608
325,379

Provisions for liabilities
  

Deferred tax
  
(3,658)
(4,301)

  
 
 
(3,658)
 
 
(4,301)

Net assets
  
410,950
321,078


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
410,949
321,077

  
410,950
321,078


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 period 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.
Page 1

 
JORADA LIMITED
REGISTERED NUMBER: 07403549
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Jordan John Nasser Byrne
Director

Date: 27 August 2024

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

Page 2

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Jorada Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07403549. The address of the registerd office is 291 Green Lanes, London, N13 4XS.

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Current and deferred taxation

The tax expense for the period 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 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 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 balance sheet date.

 
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.

Page 4

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a straight-line and reducing balance method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10 years straight line basis
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
25% reducing balance basis

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

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes
Page 5

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Page 6

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 43 (2023 - 40).


4.


Tangible fixed assets







Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 May 2023
103,920
29,299
163,306
296,525


Additions
-
-
617
617


Disposals
-
(4,299)
-
(4,299)



At 31 December 2023

103,920
25,000
163,923
292,843



Depreciation


At 1 May 2023
53,837
26,636
129,579
210,052


Charge for the period on owned assets
10,017
445
5,802
16,264


Disposals
-
(4,306)
-
(4,306)



At 31 December 2023

63,854
22,775
135,381
222,010



Net book value



At 31 December 2023
40,066
2,225
28,542
70,833



At 30 April 2023
50,083
2,663
33,727
86,473

Page 7

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
30 April
2023
2023
£
£


Trade debtors
13,092
11,513

Other debtors
5,752
222,908

18,844
234,421



6.


Cash and cash equivalents

31 December
30 April
2023
2023
£
£

Cash at bank and in hand
446,979
69,984

446,979
69,984



7.


Creditors: Amounts falling due within one year

31 December
30 April
2023
2023
£
£

Trade creditors
12,689
11,509

Corporation tax
56,568
7,844

Other taxation and social security
5,702
3,230

Other creditors
44,149
38,836

Accruals and deferred income
2,940
4,080

122,048
65,499



8.


Deferred taxation

Page 8

 
JORADA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
 
8.Deferred taxation (continued)






2023


£






At beginning of year
(4,301)


Charged to profit or loss
643



At end of year
(3,658)

The provision for deferred taxation is made up as follows:

31 December
30 April
2023
2023
£
£


Accelerated capital allowances
(3,658)
(4,301)

(3,658)
(4,301)


9.


Share capital

31 December
30 April
2023
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an indepenently administered fund. The pension charge represents contributions payable by the Company to the fund and amounted to £5,314 (30.04.2023 - £7,117).

 
Page 9