3 4 Juice Developments Limited 09734443 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true 09734443 2023-09-01 2024-08-31 09734443 2024-08-31 09734443 bus:OrdinaryShareClass1 2024-08-31 09734443 core:CurrentFinancialInstruments 2024-08-31 09734443 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09734443 core:FurnitureFittingsToolsEquipment 2024-08-31 09734443 core:OtherPropertyPlantEquipment 2024-08-31 09734443 bus:SmallEntities 2023-09-01 2024-08-31 09734443 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09734443 bus:FilletedAccounts 2023-09-01 2024-08-31 09734443 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09734443 bus:RegisteredOffice 2023-09-01 2024-08-31 09734443 bus:Director1 2023-09-01 2024-08-31 09734443 bus:Director2 2023-09-01 2024-08-31 09734443 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09734443 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09734443 bus:Agent1 2023-09-01 2024-08-31 09734443 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 09734443 core:OfficeEquipment 2023-09-01 2024-08-31 09734443 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 09734443 core:PlantMachinery 2023-09-01 2024-08-31 09734443 countries:AllCountries 2023-09-01 2024-08-31 09734443 2023-08-31 09734443 core:FurnitureFittingsToolsEquipment 2023-08-31 09734443 core:OtherPropertyPlantEquipment 2023-08-31 09734443 2022-09-01 2023-08-31 09734443 2023-08-31 09734443 bus:OrdinaryShareClass1 2023-08-31 09734443 core:CurrentFinancialInstruments 2023-08-31 09734443 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09734443 core:FurnitureFittingsToolsEquipment 2023-08-31 09734443 core:OtherPropertyPlantEquipment 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09734443

Juice Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Juice Developments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Juice Developments Limited

Company Information

Directors

R L Turner

K J Turner

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Solicitors

Nockolds Solicitors
6 Market Square
Bishops Stortford
Hertfordshire
CM23 1JH

Bankers

HSBC plc
99 High Street
Chelmsford
Essex
CM1 1EQ

Accountants

Lambert Chapman LLP
Chartered Accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Juice Developments Limited

(Registration number: 09734443)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

899

554

Current assets

 

Stocks

5

1,617,577

2,117,974

Debtors

6

7,750

20,337

Cash at bank and in hand

 

23,444

41,985

 

1,648,771

2,180,296

Creditors: Amounts falling due within one year

7

(1,491,829)

(1,784,279)

Net current assets

 

156,942

396,017

Total assets less current liabilities

 

157,841

396,571

Provisions for liabilities

(225)

(139)

Net assets

 

157,616

396,432

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

157,516

396,332

Shareholders' funds

 

157,616

396,432

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Juice Developments Limited

(Registration number: 09734443)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

R L Turner
Director

   
     
 

Juice Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

The principal place of business is: Bakery House, High Street, Stebbing, Essex, CM6 3SE.

These financial statements were authorised for issue by the Board on 21 May 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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the construction and sale of residential property in the ordinary course of the company’s activities. Turnover is shown net of 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

Current Tax is recognised in the profit and loss account, 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.

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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Juice Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

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

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

Juice Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Office equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2023

4,784

1,250

6,034

Additions

958

-

958

Disposals

(4,785)

-

(4,785)

At 31 August 2024

957

1,250

2,207

Depreciation

At 1 September 2023

4,365

1,115

5,480

Charge for the year

456

33

489

Eliminated on disposal

(4,661)

-

(4,661)

At 31 August 2024

160

1,148

1,308

Carrying amount

At 31 August 2024

797

102

899

At 31 August 2023

419

135

554

5

Stocks

2024
£

2023
£

Closing stock and work in progress

1,617,577

2,117,974

6

Debtors

2024
£

2023
£

Prepayments

728

2,219

Other debtors

7,022

18,118

7,750

20,337

 

Juice Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

8,486

10,856

Social security and other taxes

 

-

6,961

Outstanding defined contribution pension costs

 

197

197

Other payables

 

2,581

2,490

Accruals

 

274,373

122,305

Corporation tax

25,130

25,130

Directors loan

 

1,181,062

1,616,340

 

1,491,829

1,784,279

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100