ACCOUNTS - Final Accounts preparation

Registered number: 12411042

JOFIRO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

JOFIRO LIMITED

REGISTERED NUMBER: 12411042

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets	4		1,442		1,668
Investments	5		5,003		5,003
			6,445		6,671
Current assets
Debtors: amounts falling due within one year	6	192,040		38,000
Cash at bank and in hand	7	1,428		143,174
		193,468		181,174
Creditors: amounts falling due within one year	8	(200,219)		(124,929)
Net current (liabilities)/assets			(6,751)		56,245
Total assets less current liabilities			(306)		62,916

Net (liabilities)/assets			(306)		62,916

Capital and reserves
Called up share capital	1	1
Profit and loss account	(307)	62,915
	(306)	62,916

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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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JOFIRO LIMITED

REGISTERED NUMBER: 12411042

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2025.

J B Walmsley

Director

The notes on pages 3 to 6 form part of these financial statements.

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JOFIRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Jofiro Limited is a private company limited by shares and registered in England and Wales. The address
of its registered office is 11 Emerald Square, London, SW15 5FP.

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

Revenue

Revenue comprises consultancy services and is recognised in the period in which service takes place.

2.3

Taxation

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 reporting date in the countries where the Company operates and generates income.

2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	33%	Straight line
				Computer equipment	-	33%	Straight line

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.

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JOFIRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

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

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

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
		2025
		£

	Wages and salaries	9,100
		9,100

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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JOFIRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 February 2024	2,839	3,432	6,271
Additions	-	2,152	2,152
At 31 January 2025	2,839	5,584	8,423
Depreciation
At 1 February 2024	1,892	2,711	4,603
Charge for the year on owned assets	947	1,431	2,378
At 31 January 2025	2,839	4,142	6,981
Net book value
At 31 January 2025	-	1,442	1,442
At 31 January 2024	947	721	1,668

5.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 February 2024	5,003
	At 31 January 2025	5,003

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JOFIRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£


Trade debtors	2,040	38,000
Other debtors	190,000	-
	192,040	38,000

During the accounting period advances totalling £190,000 were made to the director. At the reporting date, £190,000 was due to the company by the director. The loan was repaid in full on 15th October 2025.

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,428	143,174
	1,428	143,174

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	164,639	96,387
Other taxation and social security	30,581	23,640
Other creditors	2,999	3,002
Accruals and deferred income	2,000	1,900
	200,219	124,929

9.	Controlling party

Throughout the period the company was under the control of the director.

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