Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity25falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07898070 2023-02-01 2024-01-31 07898070 2022-02-01 2023-01-31 07898070 2024-01-31 07898070 2023-01-31 07898070 2022-02-01 07898070 c:Director1 2023-02-01 2024-01-31 07898070 d:FurnitureFittings 2023-02-01 2024-01-31 07898070 d:OfficeEquipment 2024-01-31 07898070 d:OfficeEquipment 2023-01-31 07898070 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07898070 d:ComputerEquipment 2024-01-31 07898070 d:ComputerEquipment 2023-01-31 07898070 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07898070 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07898070 d:CurrentFinancialInstruments 2024-01-31 07898070 d:CurrentFinancialInstruments 2023-01-31 07898070 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07898070 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07898070 d:ShareCapital 2024-01-31 07898070 d:ShareCapital 2023-01-31 07898070 d:ShareCapital 2022-02-01 07898070 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 07898070 d:RetainedEarningsAccumulatedLosses 2024-01-31 07898070 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 07898070 d:RetainedEarningsAccumulatedLosses 2023-01-31 07898070 d:RetainedEarningsAccumulatedLosses 2022-02-01 07898070 c:FRS102 2023-02-01 2024-01-31 07898070 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07898070 c:FullAccounts 2023-02-01 2024-01-31 07898070 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07898070 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07898070









JAMES SAFFRON LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
JAMES SAFFRON LTD
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAMES SAFFRON LTD
FOR THE YEAR ENDED 31 JANUARY 2024

You consider that the Company is exempt from an audit for the year ended 31 January 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 8 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Eclipse Consultancy Limited
 
The Courtyard
14A Sydenham Road
Croydon
CR0 2EE
16 October 2024
Page 1

 
JAMES SAFFRON LTD
REGISTERED NUMBER: 07898070

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
2,145

  
-
2,145

Current assets
  

Debtors: amounts falling due within one year
 4 
210
73,405

Cash at bank and in hand
 5 
58,699
29,847

  
58,909
103,252

Creditors: amounts falling due within one year
 6 
(11,643)
(25,314)

Net current assets
  
 
 
47,266
 
 
77,938

Total assets less current liabilities
  
47,266
80,083

  

Net assets
  
47,266
80,083


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
47,066
79,883

  
47,266
80,083


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.

The Company has opted not to file the statement of comprehensive income 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 by: 



Page 2

 
JAMES SAFFRON LTD
REGISTERED NUMBER: 07898070
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


................................................
Gaurang Patel
Director

Date: 16 October 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 

 
JAMES SAFFRON LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 February 2022
200
251,226
251,426





Loss for the year
-
(165,343)
(165,343)


Dividends: Equity capital
-
(6,000)
(6,000)





At 1 February 2023
200
79,883
80,083





Loss for the year
-
(28,817)
(28,817)


Dividends: Equity capital
-
(4,000)
(4,000)



At 31 January 2024
200
47,066
47,266



The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
JAMES SAFFRON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies

 
1.1

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:

 
1.2

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

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:

Fixtures and fittings
-
over 3 years

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.

Page 5

 
JAMES SAFFRON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)

 
1.4

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.

 
1.5

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.


Employees

2024
2023
£
£

Wages and salaries
22,067
173,051

National insurance
311
250

Pension contribution
317
195,772

22,695
369,073


The average monthly number of employees, including directors, during the year was 2 (2023 - 5).

Page 6

 
JAMES SAFFRON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
3,946
8,612
12,558



At 31 January 2024

3,946
8,612
12,558



Depreciation


At 1 February 2023
3,946
6,467
10,413


Charge for the year on owned assets
-
2,145
2,145



At 31 January 2024

3,946
8,612
12,558



Net book value



At 31 January 2024
-
-
-



At 31 January 2023
-
2,145
2,145


4.


Debtors

2024
2023
£
£


Other debtors
210
19,180

Prepayments and accrued income
-
54,225

210
73,405



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
58,699
29,847

58,699
29,847


Page 7

 
JAMES SAFFRON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
11
4,862

Other creditors
8,610
7,329

Accruals and deferred income
3,022
13,123

11,643
25,314


 
Page 8