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Registered number: 13230293
Javabot UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13230293
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,907,234 -
Tangible Assets 5 1,183,979 1,283,636
3,091,213 1,283,636
CURRENT ASSETS
Stocks 6 11,196 14,813
Debtors 7 96,243 106,775
Cash at bank and in hand 48,111 4,938
155,550 126,526
Creditors: Amounts Falling Due Within One Year 8 (496,669 ) (239,888 )
NET CURRENT ASSETS (LIABILITIES) (341,119 ) (113,362 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,750,094 1,170,274
Creditors: Amounts Falling Due After More Than One Year 9 (1,116,018 ) (416,564 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (168,527 ) (184,982 )
NET ASSETS 1,465,549 568,728
CAPITAL AND RESERVES
Called up share capital 10 20 20
Share premium account 2,314,967 1,079,990
Profit and Loss Account (849,438 ) (511,282 )
SHAREHOLDERS' FUNDS 1,465,549 568,728
Page 1
Page 2
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 Jamie Robertson
Director
19/09/2024
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
Javabot UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13230293 . The registered office is 15 Rocombe Close, Torquay, TQ2 8QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 on a point of sale basis.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised over its useful life. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any 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:
Leasehold Written off over the 10 year term of the lease
Plant & Machinery Depreciated over 5 years or 15 years
Fixtures & Fittings Depreciated over 10 years
Computer Equipment Depreciated over 5 years
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
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 19)
19 19
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 697,856 1,277,208 1,975,064
As at 31 December 2023 697,856 1,277,208 1,975,064
Amortisation
As at 1 January 2023 - - -
Provided during the period 24,156 43,674 67,830
As at 31 December 2023 24,156 43,674 67,830
Net Book Value
As at 31 December 2023 673,700 1,233,534 1,907,234
As at 1 January 2023 - - -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 312,430 572,104 503,417 37,184 1,425,135
Additions 8,203 25,966 1,848 - 36,017
As at 31 December 2023 320,633 598,070 505,265 37,184 1,461,152
Depreciation
As at 1 January 2023 29,090 54,828 50,539 7,042 141,499
Provided during the period 31,492 46,289 50,456 7,437 135,674
As at 31 December 2023 60,582 101,117 100,995 14,479 277,173
Net Book Value
As at 31 December 2023 260,051 496,953 404,270 22,705 1,183,979
As at 1 January 2023 283,340 517,276 452,878 30,142 1,283,636
Page 4
Page 5
6. Stocks
2023 2022
£ £
Stock 11,196 14,813
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 54,979 51,518
Other debtors 17,764 31,757
72,743 83,275
Due after more than one year
Other debtors 23,500 23,500
96,243 106,775
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 355,424 106,359
Other creditors 101,969 93,708
Taxation and social security 39,276 39,821
496,669 239,888
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 448,934 416,564
Long term lease liability 667,084 -
1,116,018 416,564
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 20 20
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 85,000 85,000
Later than one year and not later than five years 169,167 254,167
254,167 339,167
Page 5