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Registered number: 12692567
E Juice Warehouse Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12692567
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 591 4,435
Tangible Assets 5 20,737 8,004
21,328 12,439
CURRENT ASSETS
Stocks 6 12,500 10,000
Debtors 7 6,035 10,760
Cash at bank and in hand 101,456 33,732
119,991 54,492
Creditors: Amounts Falling Due Within One Year 8 (23,720 ) (23,765 )
NET CURRENT ASSETS (LIABILITIES) 96,271 30,727
TOTAL ASSETS LESS CURRENT LIABILITIES 117,599 43,166
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,734 ) (2,001 )
NET ASSETS 113,865 41,165
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 113,864 41,164
SHAREHOLDERS' FUNDS 113,865 41,165
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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
Mr A C Bowman
Director
12 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
E Juice Warehouse Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12692567 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is the creation and build of a website. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property asset is a registered trademark. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Plant and machinery 15% Reducing Balance
Motor vehicles 20% Reducing Balance
Computer equipment 20% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Other Intellectual Property Total
£ £ £
Cost
As at 1 January 2023 7,538 757 8,295
As at 31 December 2023 7,538 757 8,295
Amortisation
As at 1 January 2023 3,769 91 3,860
Provided during the period 3,769 75 3,844
As at 31 December 2023 7,538 166 7,704
Net Book Value
As at 31 December 2023 - 591 591
As at 1 January 2023 3,769 666 4,435
5. Tangible Assets
Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £
Cost
As at 1 January 2023 4,850 4,300 1,440 10,590
Additions 16,374 - 428 16,802
As at 31 December 2023 21,224 4,300 1,868 27,392
Depreciation
As at 1 January 2023 1,238 860 488 2,586
Provided during the period 2,835 860 374 4,069
As at 31 December 2023 4,073 1,720 862 6,655
Net Book Value
As at 31 December 2023 17,151 2,580 1,006 20,737
As at 1 January 2023 3,612 3,440 952 8,004
6. Stocks
2023 2022
£ £
Materials 12,500 10,000
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 7,228
Other debtors 6,035 3,532
6,035 10,760
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 5,208 8,309
Other taxes and social security 7,028 2,854
VAT 8,967 64
Net wages 318 664
Accruals and deferred income 1,826 1,749
Directors' loan accounts 373 10,125
23,720 23,765
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
The director received no advances, credits or guarantees during the current or previous accounting periods.
11. Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to the directors in respect of their shareholdings totalling £32,500 (2022:£NIL).
During the period, the director introduced capital amounts of £528 (2022: £42,187) and withdrew amounts of £45,220 (2022: £42,287). At the balance sheet date the amounts owed from the director totalled £373 (2022: £10,125).
The aggregate remuneration paid to key management personnel for the year was £9,620 (2022: £12,000).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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