Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false42023-04-01No description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11861299 2023-04-01 2024-03-31 11861299 2022-04-01 2023-03-31 11861299 2024-03-31 11861299 2023-03-31 11861299 c:Director1 2023-04-01 2024-03-31 11861299 d:PlantMachinery 2023-04-01 2024-03-31 11861299 d:PlantMachinery 2024-03-31 11861299 d:PlantMachinery 2023-03-31 11861299 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11861299 d:Goodwill 2023-04-01 2024-03-31 11861299 d:Goodwill 2024-03-31 11861299 d:Goodwill 2023-03-31 11861299 d:CurrentFinancialInstruments 2024-03-31 11861299 d:CurrentFinancialInstruments 2023-03-31 11861299 d:Non-currentFinancialInstruments 2024-03-31 11861299 d:Non-currentFinancialInstruments 2023-03-31 11861299 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11861299 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11861299 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11861299 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11861299 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11861299 d:ShareCapital 2024-03-31 11861299 d:ShareCapital 2023-03-31 11861299 d:RetainedEarningsAccumulatedLosses 2024-03-31 11861299 d:RetainedEarningsAccumulatedLosses 2023-03-31 11861299 c:FRS102 2023-04-01 2024-03-31 11861299 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11861299 c:FullAccounts 2023-04-01 2024-03-31 11861299 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11861299 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 11861299 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 11861299














JOSS BAY SURF SCHOOL LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
JOSS BAY SURF SCHOOL LTD
REGISTERED NUMBER:11861299

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
1
12,000

Tangible assets
 5 
5,116
8,936

  
5,117
20,936

Current assets
  

Debtors: amounts falling due within one year
 6 
240
-

Cash at bank and in hand
 7 
24,481
33,355

  
24,721
33,355

Creditors: amounts falling due within one year
 8 
(36,775)
(42,166)

Net current liabilities
  
 
 
(12,054)
 
 
(8,811)

Total assets less current liabilities
  
(6,937)
12,125

Creditors: amounts falling due after more than one year
 9 
(4,750)
(9,000)

  

Net (liabilities)/assets
  
£(11,687)
£3,125


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(11,787)
3,025

  
£(11,687)
£3,125


Page 1

 
JOSS BAY SURF SCHOOL LTD
REGISTERED NUMBER:11861299

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 31 October 2024.




................................................
Samuel Berry
Director

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

Page 2

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Joss Bay Surf School Ltd is a private company limited by shares incorpated in England and Wales. The company registration number is 11861299. The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JOSS BAY SURF SCHOOL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

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.

Page 4

 
JOSS BAY SURF SCHOOL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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

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

2024
2023
£
£

Wages and salaries
21,475
19,532

£21,475
£19,532


The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
4
4

Page 5

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
60,000



At 31 March 2024

60,000



Amortisation


At 1 April 2023
48,000


Charge for the year on owned assets
11,999



At 31 March 2024

59,999



Net book value



At 31 March 2024
£1



At 31 March 2023
£12,000




5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
32,637



At 31 March 2024

32,637



Depreciation


At 1 April 2023
23,701


Charge for the year on owned assets
3,820



At 31 March 2024

27,521



Net book value



At 31 March 2024
£5,116



At 31 March 2023
£8,936

Page 6

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
£240
£-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
£24,481
£33,355



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,000
1,500

Trade creditors
30
223

Corporation tax
471
2,885

Other creditors
30,424
33,668

Accruals and deferred income
2,850
3,890

£36,775
£42,166



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
£4,750
£9,000


Page 7

 
JOSS BAY SURF SCHOOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,000
1,500

Amounts falling due 1-2 years

Bank loans
3,000
1,500

Amounts falling due 2-5 years

Bank loans
1,750
7,500


£7,750
£10,500



11.
Controlling party 


Mr & Mrs Berry is the controlling party of the company.
 



12.


Related party transactions

At the Balance Sheet date the company owed All Access Limited, a company under common control, £30,423 (2023: £31,668) and this amount is reflected within Other Creditors.


Page 8