Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08986580 Mr G J Moore Mr P Woodhead Mr C J McGowan Mr M A Newton Mr R A Coombs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08986580 2022-12-31 08986580 2023-12-31 08986580 2023-01-01 2023-12-31 08986580 frs-core:CurrentFinancialInstruments 2023-12-31 08986580 frs-core:Non-currentFinancialInstruments 2023-12-31 08986580 frs-core:BetweenOneFiveYears 2023-12-31 08986580 frs-core:ComputerEquipment 2023-12-31 08986580 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08986580 frs-core:ComputerEquipment 2022-12-31 08986580 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 08986580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08986580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 08986580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 08986580 frs-core:MotorVehicles 2023-12-31 08986580 frs-core:MotorVehicles 2023-01-01 2023-12-31 08986580 frs-core:MotorVehicles 2022-12-31 08986580 frs-core:OtherResidualIntangibleAssets 2023-12-31 08986580 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 08986580 frs-core:OtherResidualIntangibleAssets 2022-12-31 08986580 frs-core:PlantMachinery 2023-12-31 08986580 frs-core:PlantMachinery 2023-01-01 2023-12-31 08986580 frs-core:PlantMachinery 2022-12-31 08986580 frs-core:ShareCapital 2023-12-31 08986580 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08986580 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08986580 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08986580 frs-bus:SmallEntities 2023-01-01 2023-12-31 08986580 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08986580 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08986580 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 08986580 frs-bus:OrdinaryShareClass2 2023-12-31 08986580 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 08986580 frs-bus:OrdinaryShareClass3 2023-12-31 08986580 frs-bus:Director1 2023-01-01 2023-12-31 08986580 frs-bus:Director2 2023-01-01 2023-12-31 08986580 frs-bus:Director3 2023-01-01 2023-12-31 08986580 frs-bus:Director4 2023-01-01 2023-12-31 08986580 frs-bus:Director5 2023-01-01 2023-12-31 08986580 frs-countries:EnglandWales 2023-01-01 2023-12-31 08986580 2021-12-31 08986580 2022-12-31 08986580 2022-01-01 2022-12-31 08986580 frs-core:CurrentFinancialInstruments 2022-12-31 08986580 frs-core:Non-currentFinancialInstruments 2022-12-31 08986580 frs-core:BetweenOneFiveYears 2022-12-31 08986580 frs-core:ShareCapital 2022-12-31 08986580 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08986580 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 08986580 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31
Registered number: 08986580
Just Wellness 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—6
Page 1
Balance Sheet
Registered number: 08986580
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 546
Tangible Assets 5 6,335 12,639
6,336 13,185
CURRENT ASSETS
Stocks 6 189,513 351,891
Debtors 7 112,101 251,903
Cash at bank and in hand 206,987 52,620
508,601 656,414
Creditors: Amounts Falling Due Within One Year 8 (598,272 ) (587,553 )
NET CURRENT ASSETS (LIABILITIES) (89,671 ) 68,861
TOTAL ASSETS LESS CURRENT LIABILITIES (83,335 ) 82,046
Creditors: Amounts Falling Due After More Than One Year 9 (97,166 ) (99,347 )
NET LIABILITIES (180,501 ) (17,301 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (180,601 ) (17,401 )
SHAREHOLDERS' FUNDS (180,501) (17,301)
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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 P Woodhead
Director
24 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Just Wellness Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08986580 . The registered office is 8 Trusham Road, Exeter, Devon, EX2 8QH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. They are amortised to profit and loss account over the estimated economic life of 3 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 20% straight line
Plant & Equipment 25% straight line
Motor Vehicles 25% straight line
Office Equipment 25% 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. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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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2.10. 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.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 14)
8 14
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 8,676
As at 31 December 2023 8,676
Amortisation
As at 1 January 2023 8,130
Provided during the period 545
As at 31 December 2023 8,675
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 546
5. Tangible Assets
Land & Property
Leasehold Plant & Equipment Motor Vehicles Office Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 13,788 1,303 13,650 13,180 41,921
Additions - - - 843 843
Disposals - - (8,450 ) (4,652 ) (13,102 )
As at 31 December 2023 13,788 1,303 5,200 9,371 29,662
Depreciation
As at 1 January 2023 7,747 771 12,797 7,967 29,282
Provided during the period 2,758 277 325 1,977 5,337
Disposals - - (7,922 ) (3,370 ) (11,292 )
As at 31 December 2023 10,505 1,048 5,200 6,574 23,327
Net Book Value
As at 31 December 2023 3,283 255 - 2,797 6,335
As at 1 January 2023 6,041 532 853 5,213 12,639
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6. Stocks
2023 2022
£ £
Finished goods 189,513 351,891
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 81,846 146,156
Prepayments and accrued income 17,241 65,103
Other debtors 10,800 11,528
VAT 2,214 29,116
112,101 251,903
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 48,925 78,552
Bank loans and overdrafts 10,020 10,000
Other taxes and social security 49,550 105,935
Other creditors 183,359 76,872
Accruals and deferred income 68,198 100,341
Directors' loan accounts 238,220 215,853
598,272 587,553
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,195 24,167
Other creditors 82,971 75,180
97,166 99,347
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
5,000 Ordinary A shares of £ 0.01 each 50 50
5,000 Ordinary B shares of £ 0.01 each 50 50
100 100
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Later than one year and not later than five years 102,784 162,406
102,784 162,406
12. Related Party Transactions
At the period end, 31 December 2023, the directors were owed £238,220 (2022: £215,853) in respect of loans held with the company. These amounts are repayable on demand.
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