Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-016falseNo description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05424904 2023-01-01 2023-12-31 05424904 2022-01-01 2022-12-31 05424904 2023-12-31 05424904 c:Director1 2023-01-01 2023-12-31 05424904 2022-12-31 05424904 d:MotorVehicles 2023-01-01 2023-12-31 05424904 d:MotorVehicles 2023-12-31 05424904 d:MotorVehicles 2022-12-31 05424904 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05424904 d:FurnitureFittings 2023-01-01 2023-12-31 05424904 d:FurnitureFittings 2023-12-31 05424904 d:FurnitureFittings 2022-12-31 05424904 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05424904 d:OfficeEquipment 2023-01-01 2023-12-31 05424904 d:OfficeEquipment 2023-12-31 05424904 d:OfficeEquipment 2022-12-31 05424904 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05424904 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05424904 d:Goodwill 2023-12-31 05424904 d:Goodwill 2022-12-31 05424904 d:CurrentFinancialInstruments 2023-12-31 05424904 d:CurrentFinancialInstruments 2022-12-31 05424904 d:Non-currentFinancialInstruments 2023-12-31 05424904 d:Non-currentFinancialInstruments 2022-12-31 05424904 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05424904 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05424904 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05424904 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05424904 d:ShareCapital 2023-12-31 05424904 d:ShareCapital 2022-12-31 05424904 d:RetainedEarningsAccumulatedLosses 2023-12-31 05424904 d:RetainedEarningsAccumulatedLosses 2022-12-31 05424904 c:FRS102 2023-01-01 2023-12-31 05424904 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05424904 c:FullAccounts 2023-01-01 2023-12-31 05424904 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05424904 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 05424904











JUHA.CO.UK LIMITED
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2023

















Coveney Nicholls Limited
Chartered Accountants & Statutory Auditor
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
JUHA.CO.UK LIMITED
Registered number:05424904

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
45,311
60,660

Investments
 6 
5,074
5,074

  
50,385
65,734

Current assets
  

Stocks
  
461,104
614,035

Debtors: amounts falling due within one year
 7 
623,386
583,777

Cash at bank and in hand
 8 
(95,460)
(94,677)

  
989,030
1,103,135

Creditors: amounts falling due within one year
 9 
(306,984)
(406,883)

Net current assets
  
 
 
682,046
 
 
696,252

Total assets less current liabilities
  
732,431
761,986

Creditors: amounts falling due after more than one year
 10 
(11,057)
(38,607)

Provisions for liabilities
  

Deferred tax
  
(15,165)
(15,165)

  
 
 
(15,165)
 
 
(15,165)

Net assets
  
706,209
708,214


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
705,209
707,214

  
706,209
708,214


The directors consider 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 directors acknowledge their 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.

Page 1

 
JUHA.CO.UK LIMITED
Registered number:05424904
    
Balance Sheet (continued)
As at 31 December 2023

The Company has opted not to file the statement of income and retained earnings 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 24 September 2024.




Juha Dieter Holopainen
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue 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 revenue 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.

 
2.4

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.

 
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 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.

Page 4

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.11

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.

Page 5

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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 6 (2022 - 6).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
150,000



At 31 December 2023

150,000



Amortisation


At 1 January 2023
150,000



At 31 December 2023

150,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
83,280
-
13,837
97,117


Additions
-
5,590
1,490
7,080



At 31 December 2023

83,280
5,590
15,327
104,197



Depreciation


At 1 January 2023
25,024
-
11,433
36,457


Charge for the year on owned assets
20,820
1,048
561
22,429



At 31 December 2023

45,844
1,048
11,994
58,886



Net book value



At 31 December 2023
37,436
4,542
3,333
45,311



At 31 December 2022
58,256
-
2,404
60,660

Page 7

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2023
5,074



At 31 December 2023
5,074




Page 8

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

7.


Debtors

2023
2022
£
£


Trade debtors
521,540
495,468

Amounts owed by group undertakings
48,059
43,179

Other debtors
38,496
35,666

Prepayments and accrued income
15,291
9,464

623,386
583,777



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
(95,460)
(94,677)

(95,460)
(94,677)



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
184,362
253,620

Corporation tax
10,852
45,457

Other taxation and social security
80,637
82,730

Obligations under finance lease and hire purchase contracts
24,454
23,491

Other creditors
(5,768)
(8,551)

Accruals and deferred income
12,447
10,136

306,984
406,883



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
11,057
38,607

11,057
38,607



Page 9

 
JUHA.CO.UK LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023
11.
Director's advances, credits and guarantees


2023

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Mr J D Holopainen
35,666
66,610
(63,780)
38,496

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Mr J D Holopainen
41,238
71,031
(76,603)
35,666


12.


Related party transactions

The company was under the control of Mr Holopainen throughout the current and previous year.

 Juha.co.uk Paid expenses of £3,889 (2022: £6,449) on behalf of Juha Ltd and was charged rent of £4,800 (£5,320). The company was owed £48,059 (2022: £43,337) at 31 December 2023.
 No other transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.

 
Page 10