BJJ Oxford Ltd 11962939 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of martial arts classes. Digita Accounts Production Advanced 6.30.9574.0 true true 11962939 2023-03-01 2024-02-29 11962939 2024-02-29 11962939 core:CurrentFinancialInstruments 2024-02-29 11962939 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11962939 bus:SmallEntities 2023-03-01 2024-02-29 11962939 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11962939 bus:FullAccounts 2023-03-01 2024-02-29 11962939 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11962939 bus:RegisteredOffice 2023-03-01 2024-02-29 11962939 bus:Director1 2023-03-01 2024-02-29 11962939 bus:Director2 2023-03-01 2024-02-29 11962939 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 11962939 countries:EnglandWales 2023-03-01 2024-02-29 11962939 2022-03-01 2023-02-28 11962939 2023-02-28 11962939 core:CurrentFinancialInstruments 2023-02-28 11962939 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 11962939

BJJ Oxford Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

BJJ Oxford Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

BJJ Oxford Ltd

Company Information

Directors

Sahila Kellett

Edwin Igweh

Registered office

21 Templar's Square
Oxford
Oxfordshire
OX4 3XQ

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

BJJ Oxford Ltd

(Registration number: 11962939)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

44,197

212,444

Cash at bank and in hand

 

1,961

238

 

46,158

212,682

Creditors: Amounts falling due within one year

5

(45,370)

(222,868)

Net assets/(liabilities)

 

788

(10,186)

Reserves

 

Retained earnings

788

(10,186)

Surplus/(deficit)

 

788

(10,186)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2024 and signed on its behalf by:
 

.........................................
Edwin Igweh
Director

   
     
 

BJJ Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
21 Templar's Square
Oxford
Oxfordshire
OX4 3XQ
England

These financial statements were authorised for issue by the Board on 17 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

BJJ Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other 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 reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

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 cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

BJJ Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Debtors

Current

2024
£

2023
£

Other debtors

44,197

212,444

 

44,197

212,444

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

6,877

Accruals and deferred income

1,750

172,371

Other creditors

43,620

43,620

45,370

222,868