Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-316The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-11-01false6truetrue 11000037 2022-11-01 2023-10-31 11000037 2021-11-01 2022-10-31 11000037 2023-10-31 11000037 2022-10-31 11000037 c:Director2 2022-11-01 2023-10-31 11000037 c:RegisteredOffice 2022-11-01 2023-10-31 11000037 d:Buildings d:LongLeaseholdAssets 2022-11-01 2023-10-31 11000037 d:Buildings d:LongLeaseholdAssets 2023-10-31 11000037 d:Buildings d:LongLeaseholdAssets 2022-10-31 11000037 d:FurnitureFittings 2022-11-01 2023-10-31 11000037 d:FurnitureFittings 2023-10-31 11000037 d:FurnitureFittings 2022-10-31 11000037 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11000037 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11000037 d:Goodwill 2023-10-31 11000037 d:Goodwill 2022-10-31 11000037 d:CurrentFinancialInstruments 2023-10-31 11000037 d:CurrentFinancialInstruments 2022-10-31 11000037 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11000037 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11000037 d:ShareCapital 2023-10-31 11000037 d:ShareCapital 2022-10-31 11000037 d:RetainedEarningsAccumulatedLosses 2023-10-31 11000037 d:RetainedEarningsAccumulatedLosses 2022-10-31 11000037 c:FRS102 2022-11-01 2023-10-31 11000037 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11000037 c:FullAccounts 2022-11-01 2023-10-31 11000037 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11000037 4 2022-11-01 2023-10-31 11000037 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 11000037


 
 
 
 
 
JAE CT ENTERPRISES LIMITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
JAE CT ENTERPRISES LIMITED
 

COMPANY INFORMATION


DIRECTOR
A. M. Askin 




Registered number
11000037



Registered office
4 Whitefield Road
Tunbridge Wells

TN4 9UB





 
JAE CT ENTERPRISES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
JAE CT ENTERPRISES LIMITED
REGISTERED NUMBER: 11000037

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
56,205
68,003

Tangible assets
 5 
17,047
8,326

  
73,252
76,329

Current assets
  

Stocks
  
6,500
6,500

Debtors
 6 
10,007
10,007

Cash at bank and in hand
  
13,748
3,072

  
30,255
19,579

Creditors: amounts falling due within one year
 7 
(20,238)
(199,923)

Net current assets/(liabilities)
  
 
 
10,017
 
 
(180,344)

  

Net assets/(liabilities)
  
83,269
(104,015)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1
1

Profit and loss account
  
83,268
(104,016)

Equity shareholder's funds/(deficit)
  
83,269
(104,015)


Page 1

 
JAE CT ENTERPRISES LIMITED
REGISTERED NUMBER: 11000037

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2024.



A. M. Askin
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JAE CT ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Jae CT Enterprises Limited (registered number: 11000037) is a private company limited by shares incorporated in England and Wales. The registered office is 4 Whitefield Road, Turnbridge Wells, England, TN4 9UB. The trading address is The Pantiles Cafe, 42 The Pantiles, Tunbridge Wells, TN2 5TN.

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

Going concern

At the Balance Sheet date, the Company had net assets of £83,296 (2022: liabilities of £104,015). The Company relies on the support of the sole director and shareholder who will continue to support the Company for the foreseeable future. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Page 3

 
JAE CT ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of aquistion. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a staright line basis to the Statement of Income and Retained Earnings over its useful economic life.
All intangible assets are considered to have a finite useful life. If a reliable estimate to the useful like cannot be made, the useful life shall not exceed 10 years.

 
2.6

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:

Leasehold land and buildings
-
10 years straight-line
Fixtures and fittings
-
5 years 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 the Statement of Income and Retained Earnings.

 
2.7

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 the Statement of Income and Retained Earnings.

 
2.8

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 4

 
JAE CT ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.12

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.13

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.14

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 5

 
JAE CT ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.15

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2022 and 31 October 2023
117,975



Amortisation


At 1 November 2022
49,972


Charge for the year
11,798



At 31 October 2023

61,770



Net book value



At 31 October 2023
56,205



At 31 October 2022
68,003





Page 6

 
JAE CT ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Leasehold land and buildings
Fixtures and fittings
Total

£
£
£



Cost


At 1 November 2022
14,442
-
14,442


Additions
-
12,706
12,706



Depreciation


At 1 November 2022
6,116
-
6,116


Charge for the year
1,444
2,541
3,985



At 31 October 2023

7,560
2,541
10,101



Net book value



At 31 October 2023
6,882
10,165
17,047



At 31 October 2022
8,326
-
8,326

Page 7

 
JAE CT ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£

Due within one year

Other debtors
10,007
10,007



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
16,849
7,028

Other creditors
1,139
191,295

Accruals and deferred income
2,250
1,600

20,238
199,923



8.


Related party transactions

Included in other creditors are amounts totalling £Nil (2022: £191,295) due to the previous director, T McGrath.
Included in other creditors are amounts totalling £1,139 (
2022: £Nil) due to a company under common control.


Page 8