Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-310No description of principal activitytrue0falsetrue2021-11-19false 13755151 2021-11-18 13755151 2021-11-19 2022-12-31 13755151 2021-01-01 2021-11-18 13755151 2022-12-31 13755151 c:Director3 2021-11-19 2022-12-31 13755151 d:CurrentFinancialInstruments 2022-12-31 13755151 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13755151 d:ShareCapital 2022-12-31 13755151 d:RetainedEarningsAccumulatedLosses 2022-12-31 13755151 c:FRS102 2021-11-19 2022-12-31 13755151 c:Audited 2021-11-19 2022-12-31 13755151 c:FullAccounts 2021-11-19 2022-12-31 13755151 c:PrivateLimitedCompanyLtd 2021-11-19 2022-12-31 13755151 c:SmallCompaniesRegimeForAccounts 2021-11-19 2022-12-31 13755151 4 2021-11-19 2022-12-31 13755151 e:PoundSterling 2021-11-19 2022-12-31 iso4217:GBP xbrli:pure
Company registration number: 13755151







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2022


JOBE SPORT INTERNATIONAL UK LIMITED






































img3f58.png                        

 


JOBE SPORT INTERNATIONAL UK LIMITED
REGISTERED NUMBER:13755151



BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

  

Current assets
  

Stocks
  
1,577,849

Debtors: amounts falling due within one year
 4 
178,407

Cash at bank and in hand
 5 
57,734

  
1,813,990

Creditors: amounts falling due within one year
 6 
(2,018,523)

Net current (liabilities)/assets
  
 
 
(204,533)

Total assets less current liabilities
  
(204,533)

  

Net (liabilities)/assets
  
(204,533)


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
(205,533)

  
(204,533)


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 income and retained earnings 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 14 October 2024.




L Egon
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


JOBE SPORT INTERNATIONAL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Jobe Sport International UK Limited is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information page as Lynton House, 7-12 Tavistock Square, London, United Kingdom, WC1H 9LT. The principal activity of the Company is the sale of watersports equipment.
The Company was incorporated on 19 November 2021.

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 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:

 
2.2

Going concern

The Company is reliant on financial support from other group companies. The directors have confirmed that they expect this support to continue for the foreseeable future and it is therefore the directors' opinion that the going concern basis is appropriate. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 


JOBE SPORT INTERNATIONAL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

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:

Sale of goods

Revenue 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 revenue 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.

 
2.5

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.

 
2.6

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 weighted average 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 profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 3

 


JOBE SPORT INTERNATIONAL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the period was 0.


4.


Debtors

2022
£


Trade debtors
178,161

Other debtors
246

178,407



5.


Cash and cash equivalents

2022
£

Cash at bank and in hand
57,734

57,734



6.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
506,937

Amounts owed to group undertakings
1,132,598

Other taxation and social security
28,178

Other creditors
56,258

Accruals and deferred income
294,552

2,018,523



7.


Controlling party

The immediate parent company is Sport - en Recreatie Den Bol BV, a company incorporated in the Netherlands.
The ultimate parent company is AMGI SAS, a holding company registered in France. The results of the group are included in AMG SAS consolidated financial statements, and this is the largest and smallest group for which consolidated accounts are drawn up.

Page 4

 


JOBE SPORT INTERNATIONAL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

8.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 30 October 2024 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5