Registered number
07321668
Club Journeyman Limited
Unaudited Filleted Accounts
31 March 2025
Club Journeyman Limited
Registered number: 07321668
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 5 238 82
Current assets
Stocks 16,141 126,608
Debtors 6 55,137 99,234
Cash at bank and in hand 64,967 311,346
136,245 537,188
Creditors: amounts falling due within one year 7 (126,852) (271,980)
Net current assets 9,393 265,208
Total assets less current liabilities 9,631 265,290
Creditors: amounts falling due after more than one year 8 - (15,903)
Provisions for liabilities (60) (20)
Net assets 9,571 249,367
Capital and reserves
Called up share capital 2 2
Profit and loss account 9,569 249,365
Shareholders' funds 9,571 249,367
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. Denton
Director
Approved by the board on 2 June 2025
Club Journeyman Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 2-3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
4 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 3,830
At 31 March 2025 3,830
Amortisation
At 1 April 2024 3,830
At 31 March 2025 3,830
Net book value
At 31 March 2025 -
5 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 2,483
Additions 358
Disposals (2,038)
At 31 March 2025 803
Depreciation
At 1 April 2024 2,401
Charge for the year 201
On disposals (2,037)
At 31 March 2025 565
Net book value
At 31 March 2025 238
At 31 March 2024 82
6 Debtors 2025 2024
£ £
Trade debtors 20,830 70,262
Other debtors 34,307 28,972
55,137 99,234
7 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 15,686 62,740
Trade creditors 71,985 86,400
Taxation and social security costs 18,805 100,334
Other creditors 20,376 22,506
126,852 271,980
8 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 15,903
9 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 15,686 78,643
Fixed and floating charge over all assets.
10 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 7,682 13,828
11 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G. Jenkins
Overdrawn director's loan account, interest free and repayable on demand - 3,219 - 3,219
- 3,219 - 3,219
12 Other information
Club Journeyman Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
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