0 23 September 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 60,655 60,655 60,655 xbrli:pure xbrli:shares iso4217:GBP 08455181 2023-01-01 2023-12-31 08455181 2023-12-31 08455181 2022-12-31 08455181 2022-01-01 2022-12-31 08455181 2022-12-31 08455181 2021-12-31 08455181 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08455181 bus:Director1 2023-01-01 2023-12-31 08455181 core:WithinOneYear 2022-12-31 08455181 core:ShareCapital 2023-12-31 08455181 core:ShareCapital 2022-12-31 08455181 core:SharePremium 2023-12-31 08455181 core:SharePremium 2022-12-31 08455181 core:CapitalRedemptionReserve 2023-12-31 08455181 core:CapitalRedemptionReserve 2022-12-31 08455181 core:RetainedEarningsAccumulatedLosses 2023-12-31 08455181 core:RetainedEarningsAccumulatedLosses 2022-12-31 08455181 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 08455181 core:Non-currentFinancialInstruments 2023-12-31 08455181 core:Non-currentFinancialInstruments 2022-12-31 08455181 bus:SmallEntities 2023-01-01 2023-12-31 08455181 bus:Audited 2023-01-01 2023-12-31 08455181 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08455181 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08455181 bus:FullAccounts 2023-01-01 2023-12-31 08455181 bus:OrdinaryShareClass1 2023-12-31 08455181 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 08455181
Joblogic Limited
Filleted Financial Statements
31 December 2023
Joblogic Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
60,655
60,655
Current assets
Debtors
5
3,987
110,176
Creditors: amounts falling due within one year
6
135,629
-------
---------
Net current assets/(liabilities)
3,987
( 25,453)
--------
--------
Total assets less current liabilities
64,642
35,202
--------
--------
Capital and reserves
Called up share capital
7
92
90
Share premium account
34,984
5,546
Capital redemption reserve
10
10
Profit and loss account
29,556
29,556
--------
--------
Shareholders funds
64,642
35,202
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
J M Whatmore
Director
Company registration number: 08455181
Joblogic Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 305, Zellig Building, Gibb Street, Birmingham, B9 4AA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
(c) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
(d) Impairment of fixed assets
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.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
60,655
--------
Impairment
At 1 January 2023 and 31 December 2023
--------
Carrying amount
At 31 December 2023
60,655
--------
At 31 December 2022
60,655
--------
The company owns 100% of the issued share capital of Tracer Management Systems Limited, a company registered in England and Wales. The principal activity of that company is the development and supply of computer software.
The company also has a 100% interest in Joblogic Inc, a company registered in United States of America.
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
3,897
110,086
Other debtors
90
90
-------
---------
3,987
110,176
-------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
135,629
----
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.01 each
9,184
92
9,000
90
-------
----
-------
----
The company issued a further 184 1p ordinary shares on 17 March 2023 following the exercising of share options by 2 employees under the terms of the company's EMI scheme. The exercise price for these share was £29,440.
8. Contingencies
During the year the company has provided guarantees to Canadian Imperial Bank of Commerce in respect of borrowings of its subsidiary company, Tracer Management Systems Limited, and its immediate parent company, Shelby Bidco Limited. At 31 December 2023 these borrowings amounted to £7,900,000.
9. Summary audit opinion
The auditor's report dated 23 September 2024 was unqualified .
The senior statutory auditor was Oliver Ross BSc(Hons) FCA , for and on behalf of Muras Baker Jones Limited .
10. Controlling party
With effect from 17 March 2023 the company became a wholly owned subsidiary of Shelby Bidco Limited, a company registered in England and Wales. From the same date, the ultimate parent company became Shelby Topco Limited, a company registered at 305 Zellig Building, Gibb Street, Birmingham, B9 4AA.