Caseware UK (AP4) 2023.0.135 2023.0.135 true162023-04-01falseNo description of principal activity17trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07234589 2023-04-01 2024-03-31 07234589 2024-03-31 07234589 2022-04-01 2023-03-31 07234589 2023-03-31 07234589 c:Director2 2023-04-01 2024-03-31 07234589 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 07234589 d:Buildings d:LongLeaseholdAssets 2024-03-31 07234589 d:Buildings d:LongLeaseholdAssets 2023-03-31 07234589 d:FurnitureFittings 2023-04-01 2024-03-31 07234589 d:FurnitureFittings 2024-03-31 07234589 d:FurnitureFittings 2023-03-31 07234589 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07234589 d:OfficeEquipment 2023-04-01 2024-03-31 07234589 d:OfficeEquipment 2024-03-31 07234589 d:OfficeEquipment 2023-03-31 07234589 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07234589 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07234589 d:CurrentFinancialInstruments 2024-03-31 07234589 d:CurrentFinancialInstruments 2023-03-31 07234589 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07234589 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07234589 d:ShareCapital 2024-03-31 07234589 d:ShareCapital 2023-03-31 07234589 d:RetainedEarningsAccumulatedLosses 2024-03-31 07234589 d:RetainedEarningsAccumulatedLosses 2023-03-31 07234589 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07234589 c:OrdinaryShareClass1 2024-03-31 07234589 c:OrdinaryShareClass1 2023-03-31 07234589 c:FRS102 2023-04-01 2024-03-31 07234589 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07234589 c:FullAccounts 2023-04-01 2024-03-31 07234589 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07234589 d:WithinOneYear 2024-03-31 07234589 d:WithinOneYear 2023-03-31 07234589 d:BetweenOneFiveYears 2024-03-31 07234589 d:BetweenOneFiveYears 2023-03-31 07234589 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07234589













Joestaverns Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
Joestaverns Ltd


Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,506
16,129

  
13,506
16,129

Current assets
  

Stocks
  
13,014
16,305

Debtors
 5 
34,263
31,292

Cash at bank and in hand
  
61,917
40,011

  
109,194
87,608

Creditors: amounts falling due within one year
 6 
(101,717)
(87,421)

Net current assets
  
 
 
7,477
 
 
187

Total assets less current liabilities
  
20,983
16,316

Provisions for liabilities
  

Deferred tax
  
(2,519)
(3,968)

  
 
 
(2,519)
 
 
(3,968)

Net assets
  
18,464
12,348


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
18,462
12,346

Shareholders' funds
  
18,464
12,348


1

 
Joestaverns Ltd

    
Balance sheet (continued)
As at 31 March 2024

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 on 16 October 2024.




A J Pallister
Director

Company registered number: 07234589
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2024

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 Promenade, 1-2 Queens Parade, Sunderland, England, SR6 8DA.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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. 

 
2.3

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.

3

 
Joestaverns Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the rates show below.

Depreciation is provided on the following basis:

Leasehold improvements
-
10% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line

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.

4

 
Joestaverns Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.6

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 stock to its present location and condition.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 16).

5

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2024

4.


Tangible fixed assets





Leasehold imp'ments
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost 


At 1 April 2023
7,790
119,195
10,827
137,812


Additions
-
2,657
632
3,289



At 31 March 2024

7,790
121,852
11,459
141,101



Depreciation


At 1 April 2023
5,726
106,632
9,324
121,682


Charge for the year
779
4,703
431
5,913



At 31 March 2024

6,505
111,335
9,755
127,595



Net book value



At 31 March 2024
1,285
10,517
1,704
13,506



At 31 March 2023
2,064
12,563
1,502
16,129

6

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2024

5.


Debtors

2024
2023
£
£


Other debtors
17,675
17,675

Prepayments and accrued income
16,588
13,617

34,263
31,292



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
28,969
23,127

Corporation tax
1,708
2,247

Other taxation and social security
35,884
28,021

Other creditors
27,472
27,472

Accruals and deferred income
7,684
6,554

101,717
87,421



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



8.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
73,900
73,900

Later than 1 year and not later than 5 years
49,933
123,833

123,833
197,733

7

 
Joestaverns Ltd
 
 

Notes to the financial statements
For the year ended 31 March 2024

9.


Related party transactions

During the year the company received loans from Partypods Ltd, a company related due to common directors and shareholders. The amount owed by the company at the year end was £27,472 (2023 - £27,472).  

 
8