8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 170,000 170,000 170,000 290,000 20,000 310,000 310,000 290,000 xbrli:pure xbrli:shares iso4217:GBP 12232347 2023-10-01 2024-09-30 12232347 2024-09-30 12232347 2023-09-30 12232347 2022-10-01 2023-09-30 12232347 2023-09-30 12232347 2022-09-30 12232347 bus:Director1 2023-10-01 2024-09-30 12232347 bus:Director2 2023-10-01 2024-09-30 12232347 core:MotorVehicles 2024-09-30 12232347 core:AfterOneYear 2024-09-30 12232347 core:AfterOneYear 2023-09-30 12232347 core:WithinOneYear 2024-09-30 12232347 core:WithinOneYear 2023-09-30 12232347 core:RetainedEarningsAccumulatedLosses 2024-09-30 12232347 core:RetainedEarningsAccumulatedLosses 2023-09-30 12232347 core:NetGoodwill 2024-09-30 12232347 core:NetGoodwill 2023-09-30 12232347 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 12232347 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 12232347 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 12232347 core:Non-currentFinancialInstruments 2024-09-30 12232347 core:Non-currentFinancialInstruments 2023-09-30 12232347 core:MotorVehicles 2023-09-30 12232347 bus:SmallEntities 2023-10-01 2024-09-30 12232347 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12232347 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12232347 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12232347 bus:FullAccounts 2023-10-01 2024-09-30 12232347 core:ComputerEquipment 2024-09-30 12232347 core:ComputerEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 12232347
JS (Chipping Campden) Limited
Filleted Unaudited Financial Statements
30 September 2024
JS (Chipping Campden) Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
170,000
170,000
Tangible assets
6
30,216
30,216
Investments
7
310,000
290,000
---------
---------
510,216
490,216
Current assets
Debtors
8
44,536
69,103
Cash at bank and in hand
142,318
67,941
---------
---------
186,854
137,044
Creditors: amounts falling due within one year
9
18,811
12,928
---------
---------
Net current assets
168,043
124,116
---------
---------
Total assets less current liabilities
678,259
614,332
Creditors: amounts falling due after more than one year
10
30,301
145,475
---------
---------
Net assets
647,958
468,857
---------
---------
Capital and reserves
Profit and loss account
647,958
468,857
---------
---------
Shareholders funds
647,958
468,857
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JS (Chipping Campden) Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 20 November 2024 , and are signed on behalf of the board by:
Mr Wakley
Mrs Wakley
Director
Director
Company registration number: 12232347
JS (Chipping Campden) Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Isbourne, Wormington, Broadway, Worcestershire, WR12 7NL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
170,000
---------
Amortisation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
170,000
---------
At 30 September 2023
170,000
---------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
23,708
6,508
30,216
--------
-------
--------
Depreciation
At 1 October 2023 and 30 September 2024
--------
-------
--------
Carrying amount
At 30 September 2024
23,708
6,508
30,216
--------
-------
--------
At 30 September 2023
23,708
6,508
30,216
--------
-------
--------
7. Investments
Loans to group undertakings
£
Cost
At 1 October 2023
290,000
Additions
20,000
---------
At 30 September 2024
310,000
---------
Impairment
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
310,000
---------
At 30 September 2023
290,000
---------
8. Debtors
2024
2023
£
£
Trade debtors
26,774
55,904
Other debtors
17,762
13,199
--------
--------
44,536
69,103
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,811
10,428
Other creditors
13,000
2,500
--------
--------
18,811
12,928
--------
--------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,554
24,403
Other creditors
19,747
121,072
--------
---------
30,301
145,475
--------
---------