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Company Registration Number: 12052792 (England and Wales)

Jaio Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Jaio Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 10

 

Jaio Ltd

Company Information

Director

Miss A K Fairgrieve

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Russell Phillips Limited
23 Station Road
Gerrards Cross
Buckinghamshire
SL9 8ES

 

Jaio Ltd

Director's Report for the Year Ended 30 June 2024

The director presents her report and the financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Miss A K Fairgrieve

Principal activity

The principal activity of the company is is that of photography and media services

Going concern

The financial statements have been prepared on a going concern basis. The director continues to offer their support to the company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 February 2025
 

.........................................
Miss A K Fairgrieve
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Jaio Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jaio Ltd for the year ended 30 June 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Jaio Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jaio Ltd and state those matters that we have agreed to state to the Board of Directors of Jaio Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jaio Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jaio Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Jaio Ltd. You consider that Jaio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jaio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Russell Phillips Limited
23 Station Road
Gerrards Cross
Buckinghamshire
SL9 8ES

11 February 2025

 

Jaio Ltd

Profit and Loss Account for the Year Ended 30 June 2024

Note

2024
£

2023
£

Turnover

 

-

3,570

Gross profit

 

-

3,570

Administrative expenses

 

(876)

(4,690)

Operating loss

 

(876)

(1,120)

Loss before tax

4

(876)

(1,120)

Tax on loss

 

106

(106)

Loss for the financial year

 

(770)

(1,226)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Jaio Ltd

Statement of Comprehensive Income for the Year Ended 30 June 2024

2024
£

2023
£

Loss for the year

(770)

(1,226)

Total comprehensive income for the year

(770)

(1,226)

 

Jaio Ltd

(Registration number: 12052792)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

560

Current assets

 

Cash at bank and in hand

 

34

189

Creditors: Amounts falling due within one year

6

(2,144)

(1,983)

Net current liabilities

 

(2,110)

(1,794)

Total assets less current liabilities

 

(2,110)

(1,234)

Provisions for liabilities

-

(106)

Net liabilities

 

(2,110)

(1,340)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(2,111)

(1,341)

Shareholders' deficit

 

(2,110)

(1,340)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 February 2025
 

.........................................
Miss A K Fairgrieve
Director

 

Jaio Ltd

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

1

(1,341)

(1,340)

Loss for the year

-

(770)

(770)

At 30 June 2024

1

(2,111)

(2,110)

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

1

(115)

(114)

Loss for the year

-

(1,226)

(1,226)

At 30 June 2023

1

(1,341)

(1,340)

 

Jaio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the director on 10 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director continues to support their support to the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Jaio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call 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 of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

 

Jaio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024
£

2023
£

Depreciation expense

303

1,386

5

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 July 2023

5,549

5,549

Disposals

(5,549)

(5,549)

At 30 June 2024

-

-

Depreciation

At 1 July 2023

4,989

4,989

Charge for the year

303

303

Eliminated on disposal

(5,292)

(5,292)

At 30 June 2024

-

-

Carrying amount

At 30 June 2024

-

-

At 30 June 2023

560

560

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

308

464

Other creditors

1,836

1,519

2,144

1,983

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1