Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseMarketing agency2927truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09515022 2023-07-01 2024-06-30 09515022 2022-07-01 2023-06-30 09515022 2024-06-30 09515022 2023-06-30 09515022 2022-07-01 09515022 c:Director1 2023-07-01 2024-06-30 09515022 d:FurnitureFittings 2023-07-01 2024-06-30 09515022 d:FurnitureFittings 2024-06-30 09515022 d:FurnitureFittings 2023-06-30 09515022 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09515022 d:ComputerEquipment 2023-07-01 2024-06-30 09515022 d:ComputerEquipment 2024-06-30 09515022 d:ComputerEquipment 2023-06-30 09515022 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09515022 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 09515022 d:OtherPropertyPlantEquipment 2024-06-30 09515022 d:OtherPropertyPlantEquipment 2023-06-30 09515022 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09515022 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09515022 d:CurrentFinancialInstruments 2024-06-30 09515022 d:CurrentFinancialInstruments 2023-06-30 09515022 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09515022 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09515022 d:ShareCapital 2024-06-30 09515022 d:ShareCapital 2023-06-30 09515022 d:RetainedEarningsAccumulatedLosses 2024-06-30 09515022 d:RetainedEarningsAccumulatedLosses 2023-06-30 09515022 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09515022 c:OrdinaryShareClass1 2024-06-30 09515022 c:OrdinaryShareClass1 2023-06-30 09515022 c:FRS102 2023-07-01 2024-06-30 09515022 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09515022 c:FullAccounts 2023-07-01 2024-06-30 09515022 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09515022 d:WithinOneYear 2024-06-30 09515022 d:WithinOneYear 2023-06-30 09515022 d:BetweenOneFiveYears 2024-06-30 09515022 d:BetweenOneFiveYears 2023-06-30 09515022 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09515022 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 09515022 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09515022














JOINT LONDON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
JOINT LONDON LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 9


 
JOINT LONDON LIMITED
REGISTERED NUMBER:09515022

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
71,749
98,762

Current assets
  

Debtors: amounts falling due within one year
 5 
2,185,026
6,755,257

Cash at bank and in hand
  
4,464,718
3,342,650

  
6,649,744
10,097,907

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(6,349,622)
(9,774,259)

Net current assets
  
 
 
300,122
 
 
323,648

Total assets less current liabilities
  
371,871
422,410

Provisions for liabilities
  

Deferred tax
 7 
(12,468)
(16,712)

Net assets
  
359,403
405,698


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit And Loss Account
  
359,402
405,697

  
359,403
405,698


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.

Page 1

 
JOINT LONDON LIMITED
REGISTERED NUMBER:09515022
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 15 November 2024.



D H Collins
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Joint London Limited is a private limited liability company incorporated in England and Wales, with its principal place of business and registered office address at 2nd Floor, 30 Market Place, London, W1W 8AP.
The principal activity of the Company is that of an advertising agency.

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

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the period, exclusive of Value Added Tax. 
- Project income is recognised by apportioning fees billed or billable to the appropriate period to reflect the extent of work carried out. 
- Retainer fees are apportioned over the period to which they relate.
- Unbilled costs relating to contracts for services are carried forward at the lower of cost and net realisable value with no profit recognition.
- Commissions are recognised as income when the related advertisements appear; fees and other charges are recognised as income when  services are delivered and accepted by the client.
- Sale of merchandise are recognised when goods are delivered.

 
2.3

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.
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.

Page 3

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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
-
25% straight line
Computer equipment
-
25% straight line
Improvements to leasehold
-
over the period of the lease

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.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.

 
2.9

Dividends

Equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to Statement of Comprehensive Income on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.11

Pensions

Defined contribution pension plan
The Company contributes to defined contribution plans 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 Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income.
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 Statement of Financial Position 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 is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 27).

Page 6

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Improve-  ments to leasehold
Total

£
£
£
£



Cost


At 1 July 2023
51,882
115,829
146,694
314,405


Additions
-
9,879
-
9,879



At 30 June 2024

51,882
125,708
146,694
324,284



Depreciation


At 1 July 2023
38,922
65,314
111,407
215,643


Charge for the year on owned assets
2,772
18,997
15,123
36,892



At 30 June 2024

41,694
84,311
126,530
252,535



Net book value



At 30 June 2024
10,188
41,397
20,164
71,749



At 30 June 2023
12,960
50,515
35,287
98,762


5.


Debtors

2024
2023
£
£


Trade debtors
977,309
5,154,630

Other debtors
875,791
879,411

Prepayments and accrued income
331,926
721,216

2,185,026
6,755,257


Page 7

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1
120

Trade creditors
2,823,869
4,694,693

Taxation and social security
302,466
352,463

Other creditors
511,680
115,815

Accruals and deferred income
2,711,606
4,611,168

6,349,622
9,774,259



7.


Deferred taxation




2024
2023


£

£






At beginning of year
16,712
6,537


Released to profit or loss
(4,244)
10,175



At end of year
12,468
16,712

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
12,468
16,712


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1


Page 8

 
JOINT LONDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Commitments under operating leases

At 30 June 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
367,906
367,906

Later than 1 year and not later than 5 years
97,873
465,779

465,779
833,685


10.


Related party transactions

The Company has taken advantage of the exemption under FRS 102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is a wholly owned member of that group.


11.


Controlling party

The directors regard Joint Holdings Limited, a company registered in England and Wales as the ultimate parent undertaking. 

 
Page 9