Company Registration No. 13058821 (England and Wales)
Full Of Joy Ltd
Unaudited accounts
for the year ended 31 December 2024
Full Of Joy Ltd
Unaudited accounts
Contents
Full Of Joy Ltd
Company Information
for the year ended 31 December 2024
Company Number
13058821 (England and Wales)
Registered Office
13 Portland Road
Edgbaston
Birmingham
B16 9HN
United Kingdom
Full Of Joy Ltd
Statement of financial position
as at 31 December 2024
Investment property
167,281
167,281
Cash at bank and in hand
18,358
11,089
Creditors: amounts falling due within one year
(868,271)
(608,897)
Net current liabilities
(77,776)
(135,808)
Called up share capital
100
100
Profit and loss account
89,405
31,373
Shareholders' funds
89,505
31,473
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 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 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 25 September 2025 and were signed on its behalf by
C Longton
Director
Company Registration No. 13058821
Full Of Joy Ltd
Notes to the Accounts
for the year ended 31 December 2024
Full Of Joy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13058821. The registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN, United Kingdom.
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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.
No depreciation is provided in respect of investment properties.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Full Of Joy Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
Fair value at 1 January 2024
167,281
At 31 December 2024
167,281
Amounts falling due within one year
Other debtors
772,137
462,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,717
1,967
Loans from directors
850,054
605,682
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).