Joonbyrd Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13863516

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		64,139		37,294
Tangible Assets	5		63,460		56,768

			127,599		94,062
CURRENT ASSETS
Stocks	6	675,098		-
Debtors	7	223,684		466,461
Cash at bank and in hand		478,413		1,306,261

		1,377,195		1,772,722
Creditors: Amounts Falling Due Within One Year	8	(1,860,073 )		(1,662,722 )

NET CURRENT ASSETS (LIABILITIES)			(482,878 )		110,000

TOTAL ASSETS LESS CURRENT LIABILITIES			(355,279 )		204,062

NET (LIABILITIES)/ASSETS			(355,279 )		204,062

CAPITAL AND RESERVES
Called up share capital	9		4		3
Share premium account			3,071,671		1,721,672
Profit and Loss Account			(3,426,954 )		(1,517,613 )

SHAREHOLDERS' FUNDS			(355,279)		204,062

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Joonbyrd Limited

Balance Sheet (continued)

As At 31 December 2024

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A C Granite

Director

23/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Joonbyrd Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13863516 . The registered office is 128 City Road, London, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the balance sheet date, the company had net liabilities of £355,279. The company has received confirmation from its shareholder that they will continue to support the company for a minimum period of twelve months following the approval of these financial statements.

At the time of approving these financial statements, the director has a reasonable expectation that the company will have adequate resources available to continue in operational existence for the foreseeable future and for a period of not less than twelve months following the approval of these financial statements. Therefore the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances. There are two key sales channels:

direct to consumer through e-commerce website, and
on a wholesale basis to retailers.

Sale of goods

Turnover 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 no longer retains effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the due consideration; and
the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired from or developed by third parties are initially recorded at cost. Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the asset may be impaired. The amortisation period commences once the asset has been brought in to use.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Between three and ten years
Computer Equipment	Three years

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Joonbyrd Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

2.9. Research and Development

Expenditure on research and development is charged to the profit and loss account in the year in which it is incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	37,294
Additions	38,154

As at 31 December 2024	75,448

Amortisation
As at 1 January 2024	-
Provided during the period	11,309

As at 31 December 2024	11,309

Net Book Value
As at 31 December 2024	64,139

As at 1 January 2024	37,294

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	52,904	4,912	57,816
Additions	13,112	4,952	18,064

As at 31 December 2024	66,016	9,864	75,880

Depreciation
As at 1 January 2024	1,034	14	1,048
Provided during the period	8,462	2,910	11,372

As at 31 December 2024	9,496	2,924	12,420

Net Book Value
As at 31 December 2024	56,520	6,940	63,460

As at 1 January 2024	51,870	4,898	56,768

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Joonbyrd Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Stock	675,098	-

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	12,944	-
Prepayments and accrued income	198,363	298,998
Other debtors	-	117,818
VAT	12,377	49,645

	223,684	466,461

Other debtors reflects balances owed to the company in respect of Simple Agreements for Future Equity approved in the year.

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	90,169	245,161
Corporation tax	-	478
Other taxes and social security	15,831	1,557
Other creditors	1,486,250	1,299,145
Accruals and deferred income	244,097	95,090
Director's loan account	23,726	21,291

	1,860,073	1,662,722

Others creditors comprises amounts raised through the issuance of Simple Agreements for Future Equity (SAFE). In the event of an insolvency trigger these funds are refundable to the SAFE holders. Other triggers, including any future funding round, would see the SAFE being converted to share capital.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	3

10. Ultimate Controlling Party

The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.

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