Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01No description of principal activity1716truetruefalse 04909011 2023-01-01 2023-12-31 04909011 2022-01-01 2022-12-31 04909011 2023-12-31 04909011 2022-12-31 04909011 2022-01-01 04909011 c:Director1 2023-01-01 2023-12-31 04909011 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 04909011 d:Buildings d:LongLeaseholdAssets 2023-12-31 04909011 d:Buildings d:LongLeaseholdAssets 2022-12-31 04909011 d:FurnitureFittings 2023-01-01 2023-12-31 04909011 d:FurnitureFittings 2023-12-31 04909011 d:FurnitureFittings 2022-12-31 04909011 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04909011 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04909011 d:CurrentFinancialInstruments 2023-12-31 04909011 d:CurrentFinancialInstruments 2022-12-31 04909011 d:Non-currentFinancialInstruments 2023-12-31 04909011 d:Non-currentFinancialInstruments 2022-12-31 04909011 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04909011 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04909011 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04909011 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04909011 d:ShareCapital 2023-12-31 04909011 d:ShareCapital 2022-12-31 04909011 d:ShareCapital 2022-01-01 04909011 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04909011 d:RetainedEarningsAccumulatedLosses 2023-12-31 04909011 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04909011 d:RetainedEarningsAccumulatedLosses 2022-12-31 04909011 d:RetainedEarningsAccumulatedLosses 2022-01-01 04909011 c:FRS102 2023-01-01 2023-12-31 04909011 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04909011 c:FullAccounts 2023-01-01 2023-12-31 04909011 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04909011 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered Number:04909011













JITTERS LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023











 
JITTERS LIMITED
REGISTERED NUMBER:04909011


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,726
15,122

  
12,726
15,122

Current assets
  

Stocks
 5 
123,261
301,532

Debtors: amounts falling due within one year
 6 
471,363
494,349

Cash at bank and in hand
  
114,889
156,750

  
709,513
952,631

Creditors: amounts falling due within one year
 7 
(302,938)
(450,721)

Net current assets
  
 
 
406,575
 
 
501,910

Total assets less current liabilities
  
419,301
517,032

Creditors: amounts falling due after more than one year
 8 
(158,581)
(177,435)

Provisions for liabilities
  

Deferred tax
  
(3,024)
(3,595)

  
 
 
(3,024)
 
 
(3,595)

Net assets
  
257,696
336,002


Capital and reserves
  

Called up share capital 
  
1,389
1,389

Profit and loss account
  
256,307
334,613

  
257,696
336,002



- 1 -



 
JITTERS LIMITED
REGISTERED NUMBER:04909011

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 her 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 profit and loss account 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 13 September 2024.




Mrs N Garton
Director

The notes on pages 4 to 10 form part of these financial statements.


- 2 -



 
JITTERS LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
1,389
410,697
412,086


Comprehensive income for the year

Profit for the year
-
23,664
23,664


Contributions by and distributions to owners

Dividends: Equity capital
-
(99,748)
(99,748)



At 1 January 2023
1,389
334,613
336,002


Comprehensive income for the year

Profit for the year
-
96,694
96,694


Contributions by and distributions to owners

Dividends: Equity capital
-
(175,000)
(175,000)


At 31 December 2023
1,389
256,307
257,696


The notes on pages 4 to 10 form part of these financial statements.


- 3 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Jitters Limited (the "Company") is a company limited by share capital and incoporated in England and Wales, registered number 04909011.  The address of the registered office is 820 The Crescent, Colchester Business Park, Colchester, Essex, CO4 9YQ. The Place of Business is The Wedding Shop, 4 High Street, Colchester, Essex, CO1 1DA.

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

Going concern

The director is satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future, and for a period of at least 12 months from date of approving these financial statements. 
For this reason the director has adopted the going concern basis in preparing the accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounding to £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


- 4 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Borrowing costs

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

 
2.6

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.


- 5 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 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.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
15%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

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.


- 6 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

 
2.12

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 17 (2022 - 16).


- 7 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
128,159
68,584
196,743



At 31 December 2023

128,159
68,584
196,743



Depreciation


At 1 January 2023
114,323
67,298
181,621


Charge for the year on owned assets
2,075
321
2,396



At 31 December 2023

116,398
67,619
184,017



Net book value



At 31 December 2023
11,761
965
12,726



At 31 December 2022
13,836
1,286
15,122


5.


Stocks

2023
2022
£
£

Good for resale
123,261
301,532



- 8 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
-
15,881

Other debtors
470,164
476,894

Prepayments and accrued income
1,199
1,574

471,363
494,349



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
19,746
18,596

Trade creditors
174,227
289,140

Corporation tax
32,784
7,941

Other taxation and social security
5,098
2,522

Other creditors
67,283
128,722

Accruals and deferred income
3,800
3,800

302,938
450,721


A bank loan was drawn down in 2020 following the successful application for a Coronavirus Bounce Bank Loan. As per the terms of the government scheme the loan is over 6 years, with the first year interest free and a rate of 2.5% thereafter.
A second bank loan was drawn down in 2017 and is being repaid over 150 equal installments with an interest rate of 3.76% over Base Rate.


- 9 -



 
JITTERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
158,581
177,435


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
42,114
77,904




9.


Contingent liabilities

Mrs N Garton has provided a personal guarantee in respect of the company's bank loan. 


10.


Related party transactions

Dividends to the value of £175,000 (2022 : £99,748) were paid to Mrs N Garton during the year.
 
During the year the company rented property to the value of £45,000 (2022: £45,000) from Bexville Management limited, a company under common control. 


11.


Controlling party

The ultimate controlling party is Mrs N Garton by virtue of her shareholdings in Bexville Management
Limited and Jitters Limited. 
 

- 10 -