Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-02-01falseNo description of principal activity510true 07166339 2023-02-01 2024-01-31 07166339 2024-01-31 07166339 2022-02-01 2023-01-31 07166339 2023-01-31 07166339 c:Director1 2023-02-01 2024-01-31 07166339 c:RegisteredOffice 2023-02-01 2024-01-31 07166339 d:PlantMachinery 2023-02-01 2024-01-31 07166339 d:PlantMachinery 2024-01-31 07166339 d:PlantMachinery 2023-01-31 07166339 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07166339 d:Goodwill 2024-01-31 07166339 d:Goodwill 2023-01-31 07166339 d:CurrentFinancialInstruments 2024-01-31 07166339 d:CurrentFinancialInstruments 2023-01-31 07166339 d:Non-currentFinancialInstruments 2024-01-31 07166339 d:Non-currentFinancialInstruments 2023-01-31 07166339 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07166339 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07166339 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07166339 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07166339 d:ShareCapital 2024-01-31 07166339 d:ShareCapital 2023-01-31 07166339 d:RetainedEarningsAccumulatedLosses 2024-01-31 07166339 d:RetainedEarningsAccumulatedLosses 2023-01-31 07166339 c:FRS102 2023-02-01 2024-01-31 07166339 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07166339 c:FullAccounts 2023-02-01 2024-01-31 07166339 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 07166339







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


J C AMUSEMENTS LIMITED






































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J C AMUSEMENTS LIMITED
 



CONTENTS



Page
Company Information
1
Statement of Financial Position
2 - 3
Notes to the Financial Statements
4 - 9


 


J C AMUSEMENTS LIMITED
 


 
COMPANY INFORMATION


Director
J D R Irvin 




Registered number
07166339



Registered office
Midas House
62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Page 1

 


J C AMUSEMENTS LIMITED
07166339



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
777,278
901,864

  
777,278
901,864

Current assets
  

Stocks
 6 
75,000
26,000

Debtors: amounts falling due within one year
 7 
1,063,440
592,558

Cash at bank and in hand
  
10,182
252,627

  
1,148,622
871,185

Creditors: amounts falling due within one year
 8 
(1,053,135)
(851,591)

Net current assets
  
 
 
95,487
 
 
19,594

Total assets less current liabilities
  
872,765
921,458

Creditors: amounts falling due after more than one year
 9 
(15,833)
(72,450)

Provisions for liabilities
  

Deferred tax
  
(168,553)
(195,518)

  
 
 
(168,553)
 
 
(195,518)

Net assets
  
688,379
653,490


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
688,279
653,390

  
688,379
653,490


Page 2

 


J C AMUSEMENTS LIMITED
07166339


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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: 




................................................
J D R Irvin
Director

Date: 31 January 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 


J C AMUSEMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

J C Amusements Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.
The principal place of business is 2 Victoria House, Main street, Hanworth, Middlesex, TW13 6SU
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.


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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10% on cost

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.

Page 4

 


J C AMUSEMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 5

 


J C AMUSEMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 10).

Page 6

 


J C AMUSEMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
35,000



At 31 January 2024

35,000



Amortisation


At 1 February 2023
35,000



At 31 January 2024

35,000



Net book value



At 31 January 2024
-



At 31 January 2023
-



Page 7

 


J C AMUSEMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 February 2023
1,873,989


Additions
49,683



At 31 January 2024

1,923,672



Depreciation


At 1 February 2023
972,125


Charge for the year on owned assets
174,269



At 31 January 2024

1,146,394



Net book value



At 31 January 2024
777,278



At 31 January 2023
901,864


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
75,000
26,000

75,000
26,000


Page 8

 


J C AMUSEMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Debtors

2024
2023
£
£


Trade debtors
969,034
560,269

Amounts owed by joint ventures and associated undertakings
812
812

Other debtors
47,930
27,115

Prepayments and accrued income
45,664
4,362

1,063,440
592,558



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
12,285
2,212

Bank loans
53,827
68,436

Other loans
2,792
8,375

Trade creditors
45,671
404,615

Amounts owed to other participating interests
25,000
25,000

Corporation tax
5,468
-

Other taxation and social security
201,350
86,351

Obligations under finance lease and hire purchase contracts
-
803

Other creditors
215,646
254,099

Accruals and deferred income
491,096
1,700

1,053,135
851,591


The bank loans are secured by a fixed charge over the plant and machinery.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,833
69,658

Other loans
-
2,792

15,833
72,450


The bank loans are secured by a fixed charge over the plant and machinery.

 
Page 9