Caseware UK (AP4) 2024.0.164 2024.0.164 2023-11-01falseHospital activities23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04567953 2023-11-01 2024-10-31 04567953 2022-11-01 2023-10-31 04567953 2024-10-31 04567953 2023-10-31 04567953 c:Director1 2023-11-01 2024-10-31 04567953 d:FurnitureFittings 2023-11-01 2024-10-31 04567953 d:ComputerEquipment 2023-11-01 2024-10-31 04567953 d:ComputerEquipment 2024-10-31 04567953 d:ComputerEquipment 2023-10-31 04567953 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04567953 d:CurrentFinancialInstruments 2024-10-31 04567953 d:CurrentFinancialInstruments 2023-10-31 04567953 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04567953 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04567953 d:UKTax 2023-11-01 2024-10-31 04567953 d:UKTax 2022-11-01 2023-10-31 04567953 d:ShareCapital 2024-10-31 04567953 d:ShareCapital 2023-10-31 04567953 d:RetainedEarningsAccumulatedLosses 2024-10-31 04567953 d:RetainedEarningsAccumulatedLosses 2023-10-31 04567953 c:FRS102 2023-11-01 2024-10-31 04567953 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04567953 c:FullAccounts 2023-11-01 2024-10-31 04567953 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04567953 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 04567953 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 04567953 2 2023-11-01 2024-10-31 04567953 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 04567953









J T MAKUNDE LIMITED







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 October 2024

 
J T MAKUNDE LIMITED
Registered number: 04567953

Balance sheet
As at 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
224
335

  
224
335

Current assets
  

Debtors: amounts falling due within one year
 7 
44,448
60,757

Current asset investments
 8 
177,803
177,803

Cash at bank and in hand
 9 
173,977
197,019

  
396,228
435,579

Creditors: amounts falling due within one year
 10 
(133,067)
(139,613)

Net current assets
  
 
 
263,161
 
 
295,966

Total assets less current liabilities
  
263,385
296,301

  

Net assets
  
263,385
296,301


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
263,384
296,300

  
263,385
296,301

Page 1

 
J T MAKUNDE LIMITED
Registered number: 04567953
    
Balance sheet (continued)
As at 31 October 2024

The director considers 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 director acknowledges his 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 profit and loss account 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 on 18 July 2025.




John Tichatonga Makunde
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

1.


General information

J T Makunde Limited is a company limited by shares incorporated in England within the United Kingdom,
having a registration of 04567953. The address of the registered office is Kariba House, Ashlake Copse Road, Fishbourne, Isle Of Wight, PO33 4EY. The principal activity of the company in the year under review was that of hospital and medical services.
The financial statements are presented in sterling which is functional currency of the company and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 3

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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:

Fixtures and fittings
-
20% reducing balance
Computer equipment
-
33% 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.

Page 5

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 directors, during the year was 2 (2023 - 3).

Page 6

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
-
8,925


-
8,925


Total current tax
-
8,925

Deferred tax


Origination and reversal of timing differences
(7,460)
-

Total deferred tax
(7,460)
-


Tax on (loss)/profit
(7,460)
8,925

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 19% (2023 - 19%) as set out below:

2024
2023
£
£


(Loss)/profit on ordinary activities before tax
(39,376)
46,808


(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
(7,481)
8,894

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
21
31

Total tax charge for the year
(7,460)
8,925
Page 7

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024
 
4.Taxation (continued)


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Dividends

2024
2023
£
£


Dividends
1,000
2,000

1,000
2,000


6.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2023
4,424



At 31 October 2024

4,424



Depreciation


At 1 November 2023
4,089


Charge for the year on financed assets
111



At 31 October 2024

4,200



Net book value



At 31 October 2024
224



At 31 October 2023
335
Page 8

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

7.


Debtors

2024
2023
£
£


Trade debtors
36,988
36,988

Other debtors
-
23,769

Deferred taxation
7,460
-

44,448
60,757



8.


Current asset investments

2024
2023
£
£

Listed investments
177,803
177,803

177,803
177,803



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
173,977
197,019

173,977
197,019



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
8,925

Other taxation and social security
1,766
11,036

Other creditors
131,301
119,652

133,067
139,613



11.


Deferred taxation

Page 9

 
J T MAKUNDE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024
 
11.Deferred taxation (continued)




2024


£






Charged to profit or loss
7,460



At end of year
7,460

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
7,460
-

7,460
-


12.


Related party transactions

Dr J T Makunde is the sole director and shareholder of the company. 
During the year, Dr J T Makunde provided  loans of £6,703 to the company. At the balance sheet date, there was a balance of £126,355 (2023: £119,652) due from the company to the director, which is included in other creditors due within one year.
The above loans are repayable by the company on demand and therefore there are no significant difference between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


13.


Controlling party

During the year, the company was under the control of Dr J T Makunde, who is the sole director and shareholder of the company.

 
Page 10