Registered number
11615321
Joanjoan Ltd
Filleted Accounts
For the year ended 31 October 2023
Joanjoan Ltd
Registered number: 11615321
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 628 9
Current assets
Cash at bank and in hand 29,768 80,841
Creditors: amounts falling due within one year 4 (27,335) (79,534)
Net current assets 2,433 1,307
Net assets 3,061 1,316
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,961 1,216
Shareholder's funds 3,061 1,316
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 27 December 2024
J A Hillery
Director
Joanjoan Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Production advances
Production advances from third parties to finance the development of specific projects are treated as current liabilities. The company recognises this income in the profit and loss account by the stage of completion of the project.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% per annum on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of employees during year, including directors 1 1
3 Tangible fixed assets
Fixtures fittings and equipment
£
Cost
At 1 November 2022 1,399
Additions 794
Disposals -
At 31 October 2023 2,193
Depreciation
At 1 November 2022 1,390
Charge for the year 175
At 31 October 2023 1,565
Net book value
At 31 October 2023 628
At 31 October 2022 9
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 8,800
Deferred income - production advances - 40,000
Taxation and social security costs 5,410 2,883
Other creditors 21,925 27,851
27,335 79,534
5 Controlling party
The company is controlled by J A Hillery by virtue of her 100% shareholding.
6 Other information
Joanjoan Ltd is a private company limited by shares and incorporated in England. Its registered office address is 9 Kent House, Old Bexley Business Park, Bourne Road, Bexley, Kent DA5 1LR.
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