Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falseNo description of principal activity2023-10-0111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13616461 2023-10-01 2024-09-30 13616461 2022-10-01 2023-09-30 13616461 2024-09-30 13616461 2023-09-30 13616461 c:Director1 2023-10-01 2024-09-30 13616461 d:OfficeEquipment 2023-10-01 2024-09-30 13616461 d:OfficeEquipment 2024-09-30 13616461 d:OfficeEquipment 2023-09-30 13616461 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 13616461 d:CurrentFinancialInstruments 2024-09-30 13616461 d:CurrentFinancialInstruments 2023-09-30 13616461 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 13616461 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13616461 d:ShareCapital 2024-09-30 13616461 d:ShareCapital 2023-09-30 13616461 d:RetainedEarningsAccumulatedLosses 2024-09-30 13616461 d:RetainedEarningsAccumulatedLosses 2023-09-30 13616461 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 13616461 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 13616461 c:OrdinaryShareClass1 2023-10-01 2024-09-30 13616461 c:OrdinaryShareClass1 2024-09-30 13616461 c:OrdinaryShareClass1 2023-09-30 13616461 c:OrdinaryShareClass2 2023-10-01 2024-09-30 13616461 c:OrdinaryShareClass2 2024-09-30 13616461 c:OrdinaryShareClass2 2023-09-30 13616461 c:FRS102 2023-10-01 2024-09-30 13616461 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13616461 c:FullAccounts 2023-10-01 2024-09-30 13616461 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13616461 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13616461









JO MITTON DESIGN LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
JO MITTON DESIGN LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JO MITTON DESIGN LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jo Mitton Design Ltd for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Jo Mitton Design Ltd, as a body, in accordance with the terms of our engagement letter dated 15 March 2023Our work has been undertaken solely to prepare for your approval the financial statements of Jo Mitton Design Ltd and state those matters that we have agreed to state to the Board of directors of Jo Mitton Design Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jo Mitton Design Ltd and its Board of directors, as a body, for our work or for this report. 

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

We have not been instructed to carry out an audit or review of the financial statements of Jo Mitton Design 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 financial statements.

  



WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
17 June 2025
Page 1

 
JO MITTON DESIGN LTD
REGISTERED NUMBER: 13616461

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,021
1,727

  
2,021
1,727

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,166
1,650

Cash at bank and in hand
 6 
63,618
71,344

  
64,784
72,994

Creditors: amounts falling due within one year
 7 
(26,407)
(46,089)

NET CURRENT ASSETS
  
 
 
38,377
 
 
26,905

TOTAL ASSETS LESS CURRENT LIABILITIES
  
40,398
28,632

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(505)
(432)

  
 
 
(505)
 
 
(432)

NET ASSETS
  
39,893
28,200


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
39,793
28,100

  
39,893
28,200


Page 2

 
JO MITTON DESIGN LTD
REGISTERED NUMBER: 13616461
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Joanna Sarah Mitton
Director

Date: 17 June 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Jo Mitton Design Limited (company number 13616461) is a private limited company, limited by shares, incorporated in England and Wales on 13 September 2021. The companies principal place of business is 2nd Floor, 2 Blackall Street, London, EC2A 4AD.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1

Page 7

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Office equipment

£



Cost or valuation


At 1 October 2023
2,808


Additions
968



At 30 September 2024

3,776



Depreciation


At 1 October 2023
1,081


Charge for the year on owned assets
674



At 30 September 2024

1,755



Net book value



At 30 September 2024
2,021



At 30 September 2023
1,727


5.


DEBTORS

2024
2023
£
£


Trade debtors
432
1,291

Other debtors
734
-

Prepayments and accrued income
-
359

1,166
1,650



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
63,618
71,344

63,618
71,344


Page 8

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,103
13,551

Other taxation and social security
4,325
2,852

Directors loan account
7,124
27,921

Accruals and deferred income
1,855
1,765

26,407
46,089



8.


DEFERRED TAXATION




2024


£






At beginning of year
(432)


Charged to profit or loss
(73)



At end of year
(505)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(505)
(432)

(505)
(432)

Page 9

 
JO MITTON DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



95 (2023 - 95) Ordinary A shares of £1.00 each
95
95
5 (2023 - 5) Ordinary B shares of £1.00 each
5
5

100

100


 
Page 10