Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3022022-12-01falsetrue2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11062631 2022-12-01 2023-11-30 11062631 2021-12-01 2022-11-30 11062631 2023-11-30 11062631 2022-11-30 11062631 c:Director3 2022-12-01 2023-11-30 11062631 d:OfficeEquipment 2022-12-01 2023-11-30 11062631 d:OfficeEquipment 2023-11-30 11062631 d:OfficeEquipment 2022-11-30 11062631 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11062631 d:ComputerEquipment 2022-12-01 2023-11-30 11062631 d:ComputerEquipment 2023-11-30 11062631 d:ComputerEquipment 2022-11-30 11062631 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11062631 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11062631 d:CurrentFinancialInstruments 2023-11-30 11062631 d:CurrentFinancialInstruments 2022-11-30 11062631 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11062631 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11062631 d:ShareCapital 2023-11-30 11062631 d:ShareCapital 2022-11-30 11062631 d:RetainedEarningsAccumulatedLosses 2023-11-30 11062631 d:RetainedEarningsAccumulatedLosses 2022-11-30 11062631 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11062631 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 11062631 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11062631 c:OrdinaryShareClass1 2023-11-30 11062631 c:OrdinaryShareClass1 2022-11-30 11062631 c:FRS102 2022-12-01 2023-11-30 11062631 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11062631 c:FullAccounts 2022-12-01 2023-11-30 11062631 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11062631 6 2022-12-01 2023-11-30 11062631 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11062631














THESJCO LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
THESJCO LIMITED
REGISTERED NUMBER:11062631

BALANCE SHEET
AS AT 30 NOVEMBER 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,602
1,122

  
2,602
1,122

Current assets
  

Debtors: amounts falling due within one year
 5 
59,995
37,205

Current asset investments
 6 
9,306
10,000

Cash at bank
 7 
237,853
213,886

  
307,154
261,091

Creditors: amounts falling due within one year
 8 
(49,967)
(39,858)

Net current assets
  
 
 
257,187
 
 
221,233

Total assets less current liabilities
  
259,789
222,355

Provisions for liabilities
  

Deferred tax
 9 
(651)
-

  
 
 
(651)
 
 
-

Net assets
  
259,138
222,355


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
259,038
222,255

  
259,138
222,355


Page 1

 
THESJCO LIMITED
REGISTERED NUMBER:11062631
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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.

The company has opted not to file the profit and loss account 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: 




J Gare
Director

Date: 27 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THESJCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

THESJCO Limited is a private company, limited by shares, registered in England and Wales, registration number 11062631. During the year the company changed its registered office address from 5, Wentworth Close, Gloucester, GL2 9RB to Allestree, Elton Road, Newnham, GL14 1JQ.
 

The principal activity of the company continued to be that of promoting music artists through social media.

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound 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 year 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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from promoting music artists through social media activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.


  
2.4

Dividend income

Dividend income is recognised in the year in which the company's right to receive dividend is established.

Page 3

 
THESJCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the year.

Page 4

 
THESJCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

 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.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as other debtors, other creditors, loans with related parties and investments in unit trust.

 
2.12

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
THESJCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 December 2022
-
2,659
2,659


Additions
999
1,349
2,348



At 30 November 2023

999
4,008
5,007



Depreciation


At 1 December 2022
-
1,537
1,537


Charge for the year 
250
618
868



At 30 November 2023

250
2,155
2,405



Net book value



At 30 November 2023
749
1,853
2,602



At 30 November 2022
-
1,122
1,122


5.


Debtors

As restated
2023
2022
£
£


Amounts owed by connected company
53,080
35,700

Other debtors
4,375
1,505

Prepayments
2,540
-

59,995
37,205



6.


Current asset investments

2023
2022
£
£

Listed investments
9,306
10,000


Page 6

 
THESJCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Cash

2023
2022
£
£

Cash at bank
237,853
213,886



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
39,334
37,942

Other taxation and social security
-
1,513

Other creditors
5,998
50

Accruals
4,635
353

49,967
39,858



9.


Deferred taxation




2023


£






Charged to profit or loss
651



At end of year
651

The deferred taxation balance is made up as follows:

2023
2022
£
£


Fixed assets timing differences
651
-


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100


Page 7

 
THESJCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

11.


Prior year adjustment

A payment of £35,700, on behalf of a connected company was wrongly recognised as direct expenses. This has now been written back to cost of sales with the corresponding entry to other debtors. The corporation tax liability has been recalculated and an increase of £6,783 has been recognised. This resulted a net increase of £28,917 to prior year's profit and the current year's retained earnings.


12.


Transactions with directors

As at the year end, company owed £NIL (2022 - £50) to the directors. The loan is unsecured, interest free and repayable on demand.
During the year, the company paid dividends of £76,000 (2023 - £44,000) to the directors.

 
Page 8