Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-09-01true1No description of principal activity1false 12847430 2022-09-01 2023-08-31 12847430 2021-09-01 2022-08-31 12847430 2023-08-31 12847430 2022-08-31 12847430 c:Director1 2022-09-01 2023-08-31 12847430 d:ComputerEquipment 2022-09-01 2023-08-31 12847430 d:ComputerEquipment 2023-08-31 12847430 d:ComputerEquipment 2022-08-31 12847430 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12847430 d:CurrentFinancialInstruments 2023-08-31 12847430 d:CurrentFinancialInstruments 2022-08-31 12847430 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12847430 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12847430 d:ShareCapital 2023-08-31 12847430 d:ShareCapital 2022-08-31 12847430 d:RetainedEarningsAccumulatedLosses 2023-08-31 12847430 d:RetainedEarningsAccumulatedLosses 2022-08-31 12847430 c:FRS102 2022-09-01 2023-08-31 12847430 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12847430 c:FullAccounts 2022-09-01 2023-08-31 12847430 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12847430 6 2022-09-01 2023-08-31 12847430 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 12847430









JG IDEA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
JG IDEA LTD
REGISTERED NUMBER: 12847430

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
563
1,084

Investments
 5 
35,223
-

  
35,786
1,084

Current assets
  

Cash at bank and in hand
  
6,697
53,258

  
6,697
53,258

Creditors: amounts falling due within one year
 6 
(6,330)
(9,277)

Net current assets
  
 
 
367
 
 
43,981

Total assets less current liabilities
  
36,153
45,065

  

Net assets
  
36,153
45,065


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
36,152
45,064

  
36,153
45,065


Page 1

 
JG IDEA LTD
REGISTERED NUMBER: 12847430
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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: 




J B Garber
Director

Date: 11 September 2024

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

Page 2

 
JG IDEA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

JG Idea Ltd is a private company limited by shares and incorporated in England & Wales (registered number 12847430). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

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.

Page 3

 
JG IDEA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

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 straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
Straight line method

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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

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 year was 1 (2022 - 1).

Page 4

 
JG IDEA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2022
2,080



At 31 August 2023

2,080



Depreciation


At 1 September 2022
997


Charge for the year on owned assets
520



At 31 August 2023

1,517



Net book value



At 31 August 2023
563

Page 5

 
JG IDEA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
34,400


Revaluations
823



At 31 August 2023
35,223





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,313
8,272

Other creditors
17
5

Accruals and deferred income
2,000
1,000

6,330
9,277


 
Page 6