1 27 November 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 198,301 198,101 200 200 26,486 25,441 279 25,720 766 1,045 xbrli:pure xbrli:shares iso4217:GBP 06931336 2022-10-01 2023-11-30 06931336 2023-11-30 06931336 2022-09-30 06931336 2021-10-01 2022-09-30 06931336 2022-09-30 06931336 2021-09-30 06931336 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-11-30 06931336 core:MotorVehicles 2022-10-01 2023-11-30 06931336 bus:RegisteredOffice 2022-10-01 2023-11-30 06931336 bus:OrdinaryShareClass1 2022-10-01 2023-11-30 06931336 bus:LeadAgentIfApplicable 2022-10-01 2023-11-30 06931336 bus:Director3 2022-10-01 2023-11-30 06931336 bus:Director4 2022-10-01 2023-11-30 06931336 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-30 06931336 core:FurnitureFittings 2022-09-30 06931336 core:FurnitureFittings 2023-11-30 06931336 core:WithinOneYear 2023-11-30 06931336 core:WithinOneYear 2022-09-30 06931336 core:ShareCapital 2023-11-30 06931336 core:ShareCapital 2022-09-30 06931336 core:RetainedEarningsAccumulatedLosses 2023-11-30 06931336 core:RetainedEarningsAccumulatedLosses 2022-09-30 06931336 core:FurnitureFittings 2022-10-01 2023-11-30 06931336 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-30 06931336 core:FurnitureFittings 2022-09-30 06931336 bus:SmallEntities 2022-10-01 2023-11-30 06931336 bus:Audited 2022-10-01 2023-11-30 06931336 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-11-30 06931336 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-11-30 06931336 bus:FullAccounts 2022-10-01 2023-11-30 06931336 bus:OrdinaryShareClass1 2023-11-30 06931336 bus:OrdinaryShareClass1 2022-09-30 06931336 core:AllSubsidiaries 2022-10-01 2023-11-30
COMPANY REGISTRATION NUMBER: 06931336
Juniper Bridge Limited
Filleted Financial Statements
30 November 2023
Juniper Bridge Limited
Financial Statements
Period from 1 October 2022 to 30 November 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Juniper Bridge Limited
Officers and Professional Advisers
The board of directors
Mr J Brady
Mrs J I Tuffs
Registered office
New Bridgewater House
Mayfield Avenue
Worsley
Manchester
England
M28 3JF
Auditor
Crossley & Davis Chartered Accountants
Chartered accountants & statutory auditor
Ground Floor, Seneca House
Links Point
Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
Juniper Bridge Limited
Statement of Financial Position
30 November 2023
30 Nov 23
30 Sep 22
Note
£
£
Fixed assets
Intangible assets
5
200
200
Tangible assets
6
766
1,045
----
-------
966
1,245
Current assets
Debtors
7
450,913
1,294,073
Cash at bank and in hand
42,630
58,591
---------
------------
493,543
1,352,664
Creditors: amounts falling due within one year
8
477,251
443,255
---------
------------
Net current assets
16,292
909,409
--------
---------
Total assets less current liabilities
17,258
910,654
Provisions
146
199
--------
---------
Net assets
17,112
910,455
--------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
17,012
910,355
--------
---------
Shareholders funds
17,112
910,455
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Mrs J I Tuffs
Director
Company registration number: 06931336
Juniper Bridge Limited
Notes to the Financial Statements
Period from 1 October 2022 to 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Bridgewater House, Mayfield Avenue, Worsley, Manchester, M28 3JF, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% - 33% on a straight line or reducing balance basis.
Motor vehicles
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2022: 2 ).
5. Intangible assets
Development costs
£
Cost
At 1 October 2022 and 30 November 2023
198,301
---------
Amortisation
At 1 October 2022 and 30 November 2023
198,101
---------
Carrying amount
At 30 November 2023
200
---------
At 30 September 2022
200
---------
6. Tangible assets
Fixtures and fittings
£
Cost
At 1 October 2022 and 30 November 2023
26,486
--------
Depreciation
At 1 October 2022
25,441
Charge for the period
279
--------
At 30 November 2023
25,720
--------
Carrying amount
At 30 November 2023
766
--------
At 30 September 2022
1,045
--------
7. Debtors
30 Nov 23
30 Sep 22
£
£
Trade debtors
126,904
199,826
Amounts owed by group undertakings and undertakings in which the company has a participating interest
292,140
1,024,866
Other debtors
31,869
69,381
---------
------------
450,913
1,294,073
---------
------------
8. Creditors: amounts falling due within one year
30 Nov 23
30 Sep 22
£
£
Trade creditors
7,216
163,365
Amounts owed to group undertakings and undertakings in which the company has a participating interest
410,538
Social security and other taxes
54,904
231,449
Other creditors
4,593
48,441
---------
---------
477,251
443,255
---------
---------
9. Called up share capital
Issued, called up and fully paid
30 Nov 23
30 Sep 22
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Charges on assets
Jane Idella Tuffs had a fixed and floating charge registered over the whole of the assets and undertaking of the company. This charge was registered on 13th August 2019 and satisified in full on 15 December 2023.
Santander UK PLC has a fixed and floating charge registered on 13th August 2019. The floating charge covers all the property of the undertaking of the company.
11. Summary audit opinion
The auditor's report dated 27 November 2024 was unqualified . The statutory auditor was Peter Swarbrick BSc FCA .
12. Related party transactions
Included within debtors are balances of £292,140 (2022 - £1,024,866) due from connected companies. During the period the company made sales of £410,538 (2022 - £166,302) to connected companies. During the period the company paid management charges of £368,870 (2022 - £494,017) to a connected company.
13. Controlling party
At the balance sheet date the company's immediate parent was Red Seven Technology Group Limited , a company registered in England and Wales. The ultimate controlling party was Red Seven Holdings Limited , a company registered in the Isle of Man a company owned by Mr R Booth. The parent company, Red Seven Technology Group Limited, has prepared consolidated financial statements; its registered office is New Bridgewater House, Mayfield Avenue, Worsley, Manchester, M28 3FJ. On 6 December 2023, the Group was purchased by Dura Software UK Ltd.