Joanna’s Retail Ltd


FINANCIAL STATEMENTS


for the period ended 31st August 2024



Joanna’s Retail Ltd

CONTENTS

for the period ended 31st August 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Joanna’s Retail Ltd

Company No. 15043642

STATEMENT OF FINANCIAL POSITION

as at 31st August 2024

2024
Note££
CURRENT ASSETS
-
CURRENT LIABILITIES
Creditors: amounts falling due
within one year41490
NET CURRENT LIABILITIES(1490)
TOTAL ASSETS LESS CURRENT LIABILITIES(1490)
 
Creditors: amounts falling due
after more than one year-
 
NET ASSETS(1490)
 
CAPITAL AND RESERVES
Called up share capital1
Retained earnings(1491)
SHAREHOLDERS FUNDS(1490)

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the period ended 31st August 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 1 May 2025


Joanna Foad

Director

Company Number 15043642 (England)

Joanna’s Retail Ltd

NOTES TO THE ACCOUNTS

for the period ended 31st August 2024


1   Statutory information

Joanna’s Retail Ltd is a private company limited by shares and registered under company number 15043642 in England. Its registered office address is 11a The Street, Gravesend, Kent, United Kingdom, DA12 3EA.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 1.

4   Creditors: amounts falling due within one year2024
£
 
Loans and Overdrafts313
Other creditors733
Accruals and deferred income444
1490

5   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

2024
£
 
Joanna Foad43
43

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