1 April 2023 v2025.12.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP071967842023-04-012024-03-31071967842024-03-31071967842023-03-3107196784core:WithinOneYear2024-03-3107196784core:WithinOneYear2023-03-3107196784core:AfterOneYear2024-03-3107196784core:AfterOneYear2023-03-3107196784core:ShareCapital2024-03-3107196784core:ShareCapital2023-03-3107196784core:RetainedEarningsAccumulatedLosses2024-03-3107196784core:RetainedEarningsAccumulatedLosses2023-03-3107196784bus:Director12023-04-012024-03-3107196784bus:RegisteredOffice2023-04-012024-03-3107196784core:Goodwill2023-04-012024-03-3107196784core:PlantMachinery2023-04-012024-03-3107196784core:OfficeEquipment2023-04-012024-03-31071967842022-04-012023-03-31071967842023-04-010719678412023-04-012024-03-3107196784countries:EnglandWales2023-04-012024-03-3107196784bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107196784bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107196784bus:SmallEntities2023-04-012024-03-3107196784bus:AbridgedAccounts2023-04-012024-03-31
Company registration number:
07196784
Juicy Details Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2024
Juicy Details Limited
Abridged Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Intangible assets 5
618
 
793
 
Tangible assets 5
2,491
 
2,246
 
3,109
 
3,039
 
Current assets    
Stocks
1,100
 
2,500
 
Debtors
7,594
 
4,440
 
Cash at bank and in hand
762
 
1,257
 
9,456
 
8,197
 
Creditors: amounts falling due within one year
(28,279
)
(13,940
)
Net current liabilities
(18,823
)
(5,743
)
Total assets less current liabilities (15,714 ) (2,704 )
Creditors: amounts falling due after more than one year
(16,480
)
(16,870
)
Net liabilities
(32,194
)
(19,574
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(32,294
)
(19,674
)
Shareholders deficit
(32,194
)
(19,574
)
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 March 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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 income statement has not been delivered.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
21 February 2025
, and are signed on behalf of the board by:
J Godbold
Director
Company registration number:
07196784
Juicy Details Limited
Notes to the Abridged Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
37 Shandon Road
,
Worthing
,
BN14 9DY
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, 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.
Any intangible assets carried at a revalued amount 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.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
10% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line
Office equipment
20% straight line

Impairment

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Fixed assets

Intangible assetsTangible assetsTotal
£££
Cost      
At
1 April 2023
1,757
 
15,913
  17,670  
Additions -  
2,092
  2,092  
At
31 March 2024
1,757
 
18,005
  19,762  
Amortisation and depreciation      
At
1 April 2023
964
 
13,667
  14,631  
Charge
175
 
1,847
  2,022  
At
31 March 2024
1,139
 
15,514
  16,653  
Carrying amount      
At
31 March 2024
618
 
2,491
 
3,109
 
At 31 March 2023
793
 
2,246
 
3,039
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows: