Caseware UK (AP4) 2023.0.135 2023.0.135 11false2022-12-01falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09103498 2022-12-01 2023-11-30 09103498 2021-12-01 2022-11-30 09103498 2023-11-30 09103498 2022-11-30 09103498 c:Director1 2022-12-01 2023-11-30 09103498 d:PlantMachinery 2022-12-01 2023-11-30 09103498 d:PlantMachinery 2023-11-30 09103498 d:PlantMachinery 2022-11-30 09103498 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09103498 d:FurnitureFittings 2022-12-01 2023-11-30 09103498 d:FurnitureFittings 2023-11-30 09103498 d:FurnitureFittings 2022-11-30 09103498 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09103498 d:OfficeEquipment 2022-12-01 2023-11-30 09103498 d:OfficeEquipment 2023-11-30 09103498 d:OfficeEquipment 2022-11-30 09103498 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09103498 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09103498 d:CurrentFinancialInstruments 2023-11-30 09103498 d:CurrentFinancialInstruments 2022-11-30 09103498 d:Non-currentFinancialInstruments 2023-11-30 09103498 d:Non-currentFinancialInstruments 2022-11-30 09103498 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09103498 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09103498 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09103498 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09103498 d:ShareCapital 2023-11-30 09103498 d:ShareCapital 2022-11-30 09103498 d:RetainedEarningsAccumulatedLosses 2023-11-30 09103498 d:RetainedEarningsAccumulatedLosses 2022-11-30 09103498 c:OrdinaryShareClass1 2022-12-01 2023-11-30 09103498 c:OrdinaryShareClass1 2023-11-30 09103498 c:OrdinaryShareClass1 2022-11-30 09103498 c:FRS102 2022-12-01 2023-11-30 09103498 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09103498 c:FullAccounts 2022-12-01 2023-11-30 09103498 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09103498 d:WithinOneYear 2023-11-30 09103498 d:WithinOneYear 2022-11-30 09103498 d:BetweenOneFiveYears 2023-11-30 09103498 d:BetweenOneFiveYears 2022-11-30 09103498 d:MoreThanFiveYears 2023-11-30 09103498 d:MoreThanFiveYears 2022-11-30 09103498 2 2022-12-01 2023-11-30 09103498 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09103498










J5 Sports Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 November 2023

 
J5 Sports Ltd
Registered number: 09103498

Balance sheet
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
76,316
95,395

  
76,316
95,395

Current assets
  

Debtors: amounts falling due within one year
 5 
90,148
246,400

Cash at bank and in hand
  
12,252
67,012

  
102,400
313,412

Creditors: amounts falling due within one year
 6 
(190,104)
(200,561)

Net current (liabilities)/assets
  
 
 
(87,704)
 
 
112,851

Total assets less current liabilities
  
(11,388)
208,246

Creditors: amounts falling due after more than one year
 7 
(15,000)
(25,000)

  

Net (liabilities)/assets
  
(26,388)
183,246


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(26,488)
183,146

  
(26,388)
183,246


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 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: 

P Singh
Director
Date: 29 November 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
J5 Sports Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

1.


General information

J5 Sports Ltd is a private company limited by shares and incorporated in England with registration number 09103498.  The registered office address of the company is Innovation House Innovation Way, Discovery Park, Sandwich, Kent, England, CT13 9FF.

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 financial statements are rounded to the nearest pound. 
The company's functional and presentational currency is Pounds Sterling.

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:

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

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 2

 
J5 Sports Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Office equipment
-
20% 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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

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.

Page 3

 
J5 Sports Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)

 
2.10

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

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

 
2.13

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 11).

Page 4

 
J5 Sports Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
9,231
494,447
571
504,249



At 30 November 2023

9,231
494,447
571
504,249



Depreciation


At 1 December 2022
4,659
403,881
314
408,854


Charge for the year on owned assets
914
18,113
52
19,079



At 30 November 2023

5,573
421,994
366
427,933



Net book value



At 30 November 2023
3,658
72,453
205
76,316



At 30 November 2022
4,572
90,566
257
95,395


5.


Debtors

2023
2022
£
£


Trade debtors
22,992
4,698

Amounts owed by group undertakings
38,350
121,732

Other debtors
-
13,417

Prepayments and accrued income
28,806
106,553

90,148
246,400


Page 5

 
J5 Sports Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
10,000
10,000

Trade creditors
56,381
34,183

Amounts owed to other participating interests
489
489

Corporation tax
36,031
36,031

Other taxation and social security
44,236
48,802

Other creditors
360
353

Accruals and deferred income
42,607
70,703

190,104
200,561



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,000
25,000

15,000
25,000



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,380 (2022: £1,174). Contributions totalling £360 (2022: £353) were payable to the fund at the balance sheet date and are included within creditors.

Page 6

 
J5 Sports Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

10.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
108,640
108,640

Later than 1 year and not later than 5 years
434,560
434,560

Later than 5 years
172,013
280,653

715,213
823,853


11.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


12.


Controlling party

The company is a wholly owned subsidiary of Trugym Ltd, a company incorporated in England and Wales.
The director considers there to be no ultimate controlling party.


Page 7