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REGISTERED NUMBER: 09684844 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

JURO ONLINE LIMITED

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JURO ONLINE LIMITED

Company Information
for the year ended 31 December 2023







Directors: J Buttrick
R I Mabey
A Zecha





Registered office: 1 Long Lane
London
SE1 4PG





Registered number: 09684844 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 65,688 62,122
Investments 6 2,497 2,497
68,185 64,619

Current assets
Debtors 7 2,007,386 2,147,512
Cash at bank 6,284,584 13,300,188
8,291,970 15,447,700
Creditors
Amounts falling due within one year 8 3,420,973 2,928,302
Net current assets 4,870,997 12,519,398
Total assets less current liabilities 4,939,182 12,584,017

Capital and reserves
Called up share capital 10 27 27
Share premium 23,392,293 23,410,907
Other reserves 117,628 108,702
Retained earnings (18,570,766 ) (10,935,619 )
Shareholders' funds 4,939,182 12,584,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





R I Mabey - Director


JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Juro Online Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Critical accounting judgements and key sources of estimation uncertainty
Deferred income is recognised based on the period of the contract at the date of the statement of financial position.

The estimated carrying value of the deferred income reflects the unexpired portion of the contract period.

Share based payments as set out in the notes to the accounts have been made to employees and advisers of the company. The fair value of any vested share options is recognised in the income statement. The fair value of share options is estimated with the use of a Black Scholes model. The fair value of the ordinary shares in issue at the date of granting the options is used as an input into the model.

No other significant judgements or estimates have been used in order to arrive at the figures contained within the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Going concern
The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however, the directors believe that the company has sufficient financial resources to allow the company to meet its obligations, if and when, they fall due and they have a reasonable expectation that the company will be able to continue to trade for a period of at least 12 months from the statement of financial position date. The directors are therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

Share based payments
The company operates an equity-settled compensation plan for employees of the company and its subsidiaries. The fair value of the employee services received in exchange for the grant of the options is recognised as an expense in the Income Statement of the entity in which the relevant employee is employed. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted at the date of grant, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each statement of financial position date, the entity revises its estimates of the number of options that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the income statement of the relevant entity. The credit entry is taken to reserves because the share options are equity-settled.

3. Employees and directors

The average number of employees during the year was 62 (2022 - 47 ) .

4. Intangible fixed assets
Patents and
licences
£
Cost
At 1 January 2023
and 31 December 2023 19,592
Amortisation
At 1 January 2023
and 31 December 2023 19,592
Net book value
At 31 December 2023 -
At 31 December 2022 -

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2023 7,300 105,266 112,566
Additions - 42,654 42,654
Disposals - (783 ) (783 )
At 31 December 2023 7,300 147,137 154,437
Depreciation
At 1 January 2023 2,260 48,184 50,444
Charge for year 2,480 36,071 38,551
Eliminated on disposal - (246 ) (246 )
At 31 December 2023 4,740 84,009 88,749
Net book value
At 31 December 2023 2,560 63,128 65,688
At 31 December 2022 5,040 57,082 62,122

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2023
and 31 December 2023 2,497
Net book value
At 31 December 2023 2,497
At 31 December 2022 2,497

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,374,775 1,811,589
Other debtors 632,611 335,923
2,007,386 2,147,512

JURO ONLINE LIMITED (REGISTERED NUMBER: 09684844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 139
Trade creditors 358,270 475,690
Amounts owed to group undertakings 202,345 142,510
Taxation and social security 165,299 269,975
Other creditors 2,695,059 2,039,988
3,420,973 2,928,302

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year - 96,000

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,248,127 Ordinary £0.00001 13 17
438,541 Series Seed Shares £0.00001 4 10
1,291,544 Series A & B £0.00001 10 -
27 27

11. Share-based payment transactions

The company operates an EMI-qualifying share option scheme for its employees. At the Statement of Financial Position date, the company had granted a total of 162,060 EMI qualifying share options to 88 employees (including former employees) at an average weighted exercise price of £1.70 per share. At the year-end date, 116,120 options had vested. Of these vested options 4,789 options had been exercised and 71,534 options had lapsed. 45,940 options had yet to vest. EMI qualifying share options typically vest over 4 years with a 1-year cliff.

The company also operates an unapproved share option scheme for personnel and advisers who are not eligible for the company's EMI-qualifying share option scheme. At the Statement of Financial Position date, the company had granted 52,451 unapproved share options to contractors and advisers. At the year-end date, 45,533 unapproved options had vested. Of these vested options, no options had been exercised and 17,225 options had lapsed. 6,918 options had yet to vest. Unapproved share options typically vest over 4 years with a 1-year cliff.

All share options are exercisable over ordinary shares in the company.