Company Registration No. 12363080 (England and Wales)
JOYTOSHOP LIMITED
Unaudited accounts
for the year ended 31 December 2024
JOYTOSHOP LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
1,905
2,432
Cash at bank and in hand
52,992
101,238
Creditors: amounts falling due within one year
(43,727)
(115,226)
Net current assets
55,090
32,262
Total assets less current liabilities
56,995
34,694
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
56,809
34,468
Shareholders' funds
56,909
34,568
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2025 and were signed on its behalf by
Andrew Steven Taylor
Director
Company Registration No. 12363080
JOYTOSHOP LIMITED
Notes to the Accounts
for the year ended 31 December 2024
JOYTOSHOP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12363080. The registered office is Unit 20c-1, Calderdale Business Park, Club Lane, Halifax, West Yorkshire, HX2 8DB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
JOYTOSHOP LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Total
5
Deferred taxation
2024
2023
Accelerated capital allowances
86
126
Provision at start of year
126
181
Credited to the profit and loss account
(40)
(55)
Provision at end of year
86
126
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).