Joi Limited - Filleted accounts

Registered number

04111730

Joi Limited

Unaudited Filleted Accounts

31 December 2025

Joi Limited
Registered number:			04111730
Balance Sheet
as at 31 December 2025

Notes		at 31 Dec 2025			at 30 Jun 2024
£					£
Fixed assets
Tangible assets	4			13,129			29,660

Current assets
Stocks	5		171,269			181,575
Debtors	6		332,058			651,210
Cash at bank and in hand			1,287,060			1,742,276
			1,790,387			2,575,061

Creditors: amounts falling due within one year	7		(63,318)			(222,134)

Net current assets				1,727,069			2,352,927

Total assets less current liabilities				1,740,198			2,382,587

Creditors: amounts falling due after more than one year	8			(337,506)			(930,090)

Provisions for liabilities				-			(3,343)


Net assets				1,402,692			1,449,154

Capital and reserves
Called up share capital				100			100
Profit and loss account				1,402,592			1,449,054

Shareholder's funds				1,402,692			1,449,154

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr N J C Adams
Director
Approved by the board on 6 July 2026

Joi Limited
Notes to the Accounts
for the period from 1 July 2024 to 31 December 2025


1	General information

	JOI Limited is a private company limited by shares, incorporated in England and Wales. The company's registered number is 04111730. The address of its registered office is Unit 4 Tideway Yard, 125 Mortlake High Street, London, SW14 8SN. The principal activity of the company is the sale of clothing, drinkware and bespoke products.


2	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements have been prepared in Pound Sterling as this is the currency of the primary economic environment in which the company operates and is rounded to the nearest pound.

	Going concern
	The directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In doing this, they have considered the level of reserves held, the results for the period, expectations of future trading as a result of trading relationships with key customers. On the basis of this information the directors are satisfied that the company will continue as a going concern and so the financial statements have been prepared on this basis.

	Turnover
	Turnover represents sales to external customers at amounts invoiced less value added tax and trade discounts. Turnover is recognised on dispatch of goods to customers. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised: 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 retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of turnover 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.

	Interest payable and similar expenses
	Interest payable and similar expenses are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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

	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.

	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. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. 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:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Financial instruments
	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

	Financial assets
	Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in the Statement of income and retained earnings. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date.

	Financial liabilities
	Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future receipts discontinued at a rate of interest. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactions price and subsequently measured at amortised costs. Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	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 reporting 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 reporting 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 is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Related party exemption
	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


3	Employees		18 months to	12 months to
31 Dec 2025				30 Jun 2024
Number				Number

	Average number of persons employed by the company		3		3


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 July 2024				228,441
	Additions				10,301
	At 31 December 2025				238,742

	Depreciation
	At 1 July 2024				198,781
	Charge for the period				26,832
	At 31 December 2025				225,613

	Net book value
	At 31 December 2025				13,129
	At 30 June 2024				29,660


5	Stocks		at 31 Dec 2025	at 30 Jun 2024
£				£

	Raw materials and consumables		171,269		181,575

			171,269		181,575


6	Debtors		at 31 Dec 2025	at 30 Jun 2024
£				£

	Trade debtors		213,180		528,311
	Deferred tax asset		314		-
	Other debtors		70,400		92,959
	Prepayments		48,164		29,940
			332,058		651,210


7	Creditors: amounts falling due within one year		at 31 Dec 2025	at 30 Jun 2024
£				£

	Trade creditors		45,885		50,869
	Accruals		4,000		140,060
	Taxation and social security costs		13,010		28,658
	Other creditors		423		2,547
			63,318		222,134


8	Creditors: amounts falling due after one year		at 31 Dec 2025	at 30 Jun 2024
£				£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest		337,506		930,090


9	Deferred taxation		18 months to	12 months to
31 Dec 2025				30 Jun 2024
£				£

	At beginning of year		(3,343)		(12,323)
	Charged to profit or loss		3,657		8,980

			314		(3,343)


10	Called up share capital		at 31 Dec 2025	at 30 Jun 2024
£				£

	Allotted, called up and fully paid
	100 (2024: 100) ordinary shares of £1 each		100		100

			100		100


11	Events after the reporting date

	There have been no significant events affecting the company since the year end.


12	Other financial commitments		at 31 Dec 2025	at 30 Jun 2024
£				£

	Total future minimum payments under non-cancellable operating leases		21,836		15,016


13	Controlling party

	The immediate and ultimate parent undertaking is Jogroup Holdings Limited. The controlling party is deemed to be N J C Adams, by virtue of his majority shareholding in Jogroup Holdings Limited.