6
30/09/2023
2023-09-30
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2022-10-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
SC141253
2022-10-01
2023-09-30
SC141253
2023-09-30
SC141253
2022-09-30
SC141253
2021-10-01
2022-09-30
SC141253
2022-09-30
SC141253
core:PlantMachinery
2022-10-01
2023-09-30
SC141253
bus:RegisteredOffice
2022-10-01
2023-09-30
SC141253
bus:LeadAgentIfApplicable
2022-10-01
2023-09-30
SC141253
bus:Director1
2022-10-01
2023-09-30
SC141253
bus:Director2
2022-10-01
2023-09-30
SC141253
bus:Director3
2022-10-01
2023-09-30
SC141253
core:PlantMachinery
2022-09-30
SC141253
core:PlantMachinery
2023-09-30
SC141253
core:WithinOneYear
2023-09-30
SC141253
core:WithinOneYear
2022-09-30
SC141253
core:AfterOneYear
2023-09-30
SC141253
core:AfterOneYear
2022-09-30
SC141253
core:ShareCapital
2023-09-30
SC141253
core:ShareCapital
2022-09-30
SC141253
core:RetainedEarningsAccumulatedLosses
2023-09-30
SC141253
core:RetainedEarningsAccumulatedLosses
2022-09-30
SC141253
core:PlantMachinery
2022-09-30
SC141253
bus:SmallEntities
2022-10-01
2023-09-30
SC141253
bus:AuditExempt-NoAccountantsReport
2022-10-01
2023-09-30
SC141253
bus:FullAccounts
2022-10-01
2023-09-30
SC141253
bus:SmallCompaniesRegimeForAccounts
2022-10-01
2023-09-30
SC141253
bus:PrivateLimitedCompanyLtd
2022-10-01
2023-09-30
SC141253
core:ComputerEquipment
2022-10-01
2023-09-30
SC141253
core:ComputerEquipment
2023-09-30
SC141253
core:AllSubsidiaries
2023-09-30
SC141253
core:AllSubsidiaries
2022-09-30
Company registration number:
SC141253
Janex Limited
Unaudited filleted financial statements
30 September 2023
Janex Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Janex Limited
Directors and other information
|
|
|
|
Directors |
Mr Daniel J McElhinney |
|
|
Mrs Sandra McNiven |
|
|
Mr Jan Petter Rasmussen |
|
|
|
|
|
|
|
Company number |
SC141253 |
|
|
|
|
|
|
|
Registered office |
Unit 8 |
|
|
Callendar Business Park |
|
|
Falkirk |
|
|
FK1 1XR |
|
|
|
|
|
|
|
Accountant |
Arm in Arm Accounting Limited |
|
|
Herkimer House |
|
|
Mill Road Enterprise Park |
|
|
Linlithgow |
|
|
EH49 7SF |
|
|
|
Janex Limited
Statement of financial position
30 September 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
3,498 |
|
|
|
8,370 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
3,498 |
|
|
|
8,370 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
- |
|
|
|
20,494 |
|
|
Debtors |
|
6 |
1,091,494 |
|
|
|
1,074,103 |
|
|
Cash at bank and in hand |
|
|
6,566 |
|
|
|
49,081 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,098,060 |
|
|
|
1,143,678 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
1,364,266) |
|
|
|
(
1,194,214) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
266,206) |
|
|
|
(
50,536) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
262,708) |
|
|
|
(
42,166) |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
17,907) |
|
|
|
(
26,689) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
280,615) |
|
|
|
(
68,855) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
386,000 |
|
|
|
386,000 |
Profit and loss account |
|
|
|
|
(
666,615) |
|
|
|
(
454,855) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
280,615) |
|
|
|
(
68,855) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 September 2024
, and are signed on behalf of the board by:
Mrs Sandra McNiven
Director
Company registration number:
SC141253
Janex Limited
Notes to the financial statements
Year ended 30 September 2023
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 8, Callendar Business Park, Falkirk, FK1 1XR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
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.
Going concern
The directors have reviewed the post year-end trading results, the 12 months from the balance sheet signing date, and the current financial projections for the business and confirm that the going concern assumption is appropriate.
The directors and shareholders have invested further funds during the year and have advised that they will continue to support the company to ensure that the company can continue to meet its obligations as they fall due. The company has obtained significant new contracts and expect the company to return to profitabiliy in the next financial year.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
20 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
6
(2022:
6
).
The aggregate payroll costs incurred during the year were:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Wages and salaries |
|
253,526 |
248,241 |
|
Social security costs |
|
18,185 |
21,733 |
|
Other pension costs |
|
18,021 |
16,929 |
|
|
|
_______ |
_______ |
|
|
|
289,732 |
286,903 |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Tangible assets
|
|
Plant and machinery |
Website |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2022 |
139,673 |
- |
139,673 |
|
|
|
|
|
Additions |
- |
3,498 |
3,498 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
139,673 |
3,498 |
143,171 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2022 |
131,303 |
- |
131,303 |
|
|
|
|
|
Charge for the year |
8,370 |
- |
8,370 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
139,673 |
- |
139,673 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 September 2023 |
- |
3,498 |
3,498 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 September 2022 |
8,370 |
- |
8,370 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
611,175 |
682,406 |
|
Other debtors |
|
480,319 |
391,697 |
|
|
|
_______ |
_______ |
|
|
|
1,091,494 |
1,074,103 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
327,262 |
123,527 |
|
Trade creditors |
|
316,519 |
745,900 |
|
Social security and other taxes |
|
141,631 |
64,634 |
|
Other creditors |
|
578,854 |
260,153 |
|
|
|
_______ |
_______ |
|
|
|
1,364,266 |
1,194,214 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
17,907 |
26,689 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
2023 |
2022 |
2023 |
2022 |
|
|
£ |
£ |
£ |
£ |
|
Loans due to companies under common control |
160,359 |
- |
312,853 |
152,494 |
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
10.
Secured Debts
The following secured debts are shown in creditors: Invoice discounting facility £317,261 (2022: £113,527). Invoice discounting facility is secured by way of a floating charge over the assets of the company.