Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-29No description of principal activity32023-03-01false3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05708431 2023-03-01 2024-02-29 05708431 2022-03-01 2023-02-28 05708431 2024-02-29 05708431 2023-02-28 05708431 c:Director1 2023-03-01 2024-02-29 05708431 c:RegisteredOffice 2023-03-01 2024-02-29 05708431 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 05708431 d:Buildings d:LongLeaseholdAssets 2024-02-29 05708431 d:Buildings d:LongLeaseholdAssets 2023-02-28 05708431 d:FurnitureFittings 2023-03-01 2024-02-29 05708431 d:FurnitureFittings 2024-02-29 05708431 d:FurnitureFittings 2023-02-28 05708431 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05708431 d:ComputerEquipment 2023-03-01 2024-02-29 05708431 d:ComputerEquipment 2024-02-29 05708431 d:ComputerEquipment 2023-02-28 05708431 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05708431 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05708431 d:Goodwill 2024-02-29 05708431 d:Goodwill 2023-02-28 05708431 d:CurrentFinancialInstruments 2024-02-29 05708431 d:CurrentFinancialInstruments 2023-02-28 05708431 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05708431 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05708431 d:ShareCapital 2024-02-29 05708431 d:ShareCapital 2023-02-28 05708431 d:RetainedEarningsAccumulatedLosses 2024-02-29 05708431 d:RetainedEarningsAccumulatedLosses 2023-02-28 05708431 c:FRS102 2023-03-01 2024-02-29 05708431 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05708431 c:FullAccounts 2023-03-01 2024-02-29 05708431 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05708431 d:WithinOneYear 2024-02-29 05708431 d:WithinOneYear 2023-02-28 05708431 d:BetweenOneFiveYears 2024-02-29 05708431 d:BetweenOneFiveYears 2023-02-28 05708431 d:MoreThanFiveYears 2024-02-29 05708431 d:MoreThanFiveYears 2023-02-28 05708431 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 05708431







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


JEMLEE LIMITED



































                       img2b58.png 

 


JEMLEE LIMITED
 


 
COMPANY INFORMATION


Director
S. Askew 




Registered number
05708431



Registered office
34 Dorking Road

Bookham

Surrey

KT23 4LX




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


JEMLEE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


JEMLEE LIMITED
REGISTERED NUMBER:05708431



STATEMENT OF FINANCIAL POSITION AS AT 29 February 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,307
3,455

  
4,307
3,455

Current assets
  

Stocks
  
650
650

Debtors: amounts falling due within one year
 6 
4,496
3,896

Cash at bank and in hand
  
13,239
15,950

  
18,385
20,496

Creditors: amounts falling due within one year
 7 
(13,315)
(12,702)

Net current assets
  
 
 
5,070
 
 
7,794

Total assets less current liabilities
  
9,377
11,249

  

Net assets
  
9,377
11,249


Capital and reserves
  

Allotted, called up and fully paid share capital
  
106
106

Profit and loss account
  
9,271
11,143

  
9,377
11,249


Page 1

 


JEMLEE LIMITED
REGISTERED NUMBER:05708431


    
STATEMENT OF FINANCIAL POSITION AS AT  (CONTINUED)
 29 FEBRUARY 2024

The director considers 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 director acknowledges her 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 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 by: 




S. Askew
Director

Date: 13 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Jemlee Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The address of the principal place of business is 1 The Laurels, The Street, Effingham, Surrey, KT24 5LH.

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

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan 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 profit or loss 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.

  
2.3

Revenue

Revenue is recognised upon the provision of hairdressing services and supply of hairdressing supplies. 
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.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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.

Page 3

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance
Computer equipment
-
20% 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 profit or loss.

  
2.6

Stock

Stocks of hair supplies 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.
At each reporting 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

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Page 4

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets






Goodwill

£



Cost


At 1 March 2023
27,000



At 29 February 2024

27,000



Amortisation


At 1 March 2023
27,000



At 29 February 2024

27,000



Net book value



At 29 February 2024
-



At 28 February 2023
-



Page 5

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
10,000
6,808
7,749
24,557


Additions
-
1,889
235
2,124



At 29 February 2024

10,000
8,697
7,984
26,681



Depreciation


At 1 March 2023
10,000
5,466
5,636
21,102


Charge for the year
-
439
833
1,272



At 29 February 2024

10,000
5,905
6,469
22,374



Net book value



At 29 February 2024
-
2,792
1,515
4,307



At 28 February 2023
-
1,342
2,113
3,455


6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
2,068
592

Prepayments and accrued income
2,428
3,304

4,496
3,896


Page 6

 


JEMLEE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
4,230
5,754

Other creditors
2,695
1,140

Accruals and deferred income
6,390
5,808

13,315
12,702



8.


Commitments under operating leases

At 29 February 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
15,750
15,750

Later than 1 year and not later than 5 years
66,938
78,750

Later than 5 years
-
3,938

82,688
98,438


9.


Transactions with directors

Included within other creditors are the following advances and credits to directors which subsisted during the years ended 2023 and 2022.

29 February
28 February
2024
2023
£
£
Balance outstanding at 1 March 2022

(445)

(44)
 
Amounts advanced

3,487

22,754
 
Amounts repaid

(3,075)

(23,155)
 
(33)

(445)
 

Interest is not being charged on this loan. The loan is repayable on demand.

 
Page 7