Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity119falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07906198 2023-04-01 2024-03-31 07906198 2024-03-31 07906198 2022-04-01 2023-03-31 07906198 2023-03-31 07906198 c:Director1 2023-04-01 2024-03-31 07906198 d:FurnitureFittings 2023-04-01 2024-03-31 07906198 d:FurnitureFittings 2024-03-31 07906198 d:FurnitureFittings 2023-03-31 07906198 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07906198 d:OfficeEquipment 2023-04-01 2024-03-31 07906198 d:OfficeEquipment 2024-03-31 07906198 d:OfficeEquipment 2023-03-31 07906198 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07906198 d:ComputerEquipment 2023-04-01 2024-03-31 07906198 d:ComputerEquipment 2024-03-31 07906198 d:ComputerEquipment 2023-03-31 07906198 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07906198 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07906198 d:OtherPropertyPlantEquipment 2024-03-31 07906198 d:OtherPropertyPlantEquipment 2023-03-31 07906198 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07906198 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07906198 d:CurrentFinancialInstruments 2024-03-31 07906198 d:CurrentFinancialInstruments 2023-03-31 07906198 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07906198 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07906198 d:ShareCapital 2024-03-31 07906198 d:ShareCapital 2023-03-31 07906198 d:RetainedEarningsAccumulatedLosses 2024-03-31 07906198 d:RetainedEarningsAccumulatedLosses 2023-03-31 07906198 c:FRS102 2023-04-01 2024-03-31 07906198 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07906198 c:FullAccounts 2023-04-01 2024-03-31 07906198 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07906198 2 2023-04-01 2024-03-31 07906198 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 07906198


FERNANDO JORGE LTD








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FERNANDO JORGE LTD
REGISTERED NUMBER: 07906198

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
130,809
125,574

  
130,809
125,574

Current assets
  

Stocks
  
2,665,655
2,147,449

Debtors: amounts falling due within one year
 5 
586,802
420,129

Cash at bank and in hand
 6 
957,928
1,268,000

  
4,210,385
3,835,578

Creditors: amounts falling due within one year
 7 
(562,995)
(904,259)

Net current assets
  
 
 
3,647,390
 
 
2,931,319

Total assets less current liabilities
  
3,778,199
3,056,893

  

Net assets
  
3,778,199
3,056,893


Capital and reserves
  

Called up share capital 
  
32,500
32,500

Profit and loss account
  
3,745,699
3,024,393

  
3,778,199
3,056,893


Page 1

 
FERNANDO JORGE LTD
REGISTERED NUMBER: 07906198
    
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 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: 




................................................
Fernando Pires Jorge
Director

Date: 4 December 2024

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

Page 2

 
FERNANDO JORGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private limited company which is incorporated and domiciled in the UK. The address of its registered office is 1 Vincent Square, London, SW1P 2PN.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 period 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FERNANDO JORGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

Page 4

 
FERNANDO JORGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.


 
2.9

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:

Fixtures and fittings
-
15%
Office equipment
-
15%
Computer equipment
-
15%
Leasehold improvements
-
over 7 years

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.

 
2.10

Stocks

Stocks 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. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.11

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.

Page 5

 
FERNANDO JORGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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 11 (2023 - 9).

Page 6

 
FERNANDO JORGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Leasehold improvements
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
134,467
16,422
34,018
74,698
259,605


Additions
13,789
-
10,320
-
24,109



At 31 March 2024

148,256
16,422
44,338
74,698
283,714



Depreciation


At 1 April 2023
88,299
13,383
28,629
3,721
134,032


Charge for the year on owned assets
7,645
426
1,302
9,500
18,873



At 31 March 2024

95,944
13,809
29,931
13,221
152,905



Net book value



At 31 March 2024
52,312
2,613
14,407
61,477
130,809


5.


Debtors

2024
2023
£
£


Trade debtors
374,936
329,880

Amounts owed by group undertakings
149,920
-

Other debtors
53,255
81,342

Prepayments and accrued income
8,691
8,907

586,802
420,129


Page 7

 
FERNANDO JORGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
957,928
1,268,000

957,928
1,268,000



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
274,577
477,278

Corporation tax
250,169
164,451

Other taxation and social security
32,933
-

Other creditors
5,316
262,530

562,995
904,259



8.


Pension commitments

The Company contributes to 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 £18,126 (2023 - £6,243). Contributions totalling £4,545 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in other creditors.


9.


Related party transactions

As at the period end, the director, F Jorge was owed an amount of £16,777 to the company (2023: £87 owed to the company). There are no strict repayment terms in place and no interest accruing on the balance.

 
Page 8