Joeal Ltd - Accounts to registrar (filleted) - small 18.2
Joeal Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 11 June 2020 to 30 June 2021 |
| for |
| Joeal Ltd |
| Joeal Ltd (Registered number: 12663269) |
| Contents of the Financial Statements |
| for the Period 11 June 2020 to 30 June 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Joeal Ltd |
| Company Information |
| for the Period 11 June 2020 to 30 June 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite 5 Corum 2 |
| Corum Office Park |
| Crown Way |
| Warmley |
| Bristol |
| BS30 8FJ |
| Joeal Ltd (Registered number: 12663269) |
| Balance Sheet |
| 30 June 2021 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Joeal Ltd (Registered number: 12663269) |
| Balance Sheet - continued |
| 30 June 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Joeal Ltd (Registered number: 12663269) |
| Notes to the Financial Statements |
| for the Period 11 June 2020 to 30 June 2021 |
| 1. | STATUTORY INFORMATION |
| Joeal Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There have been no material departures from the Financial Reporting Standard 102 1A. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses. |
| Website development is being amortised evenly over its estimated useful life of ten years. |
| Tangible fixed assets |
| Freehold property | - |
| Furniture, fittings and equipment | - |
| Government grants |
| Government grants have been recognised on an accruals basis and have been recognised in the same period in which the related expense has been incurred. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Joeal Ltd (Registered number: 12663269) |
| Notes to the Financial Statements - continued |
| for the Period 11 June 2020 to 30 June 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 30 June 2021 |
| AMORTISATION |
| Charge for period |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| Joeal Ltd (Registered number: 12663269) |
| Notes to the Financial Statements - continued |
| for the Period 11 June 2020 to 30 June 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Furniture, |
| fittings |
| Freehold | and |
| property | equipment | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 30 June 2021 |
| DEPRECIATION |
| Charge for period |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| The historical cost of the freehold property is £358,497. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed by associates |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to associates | 27,091 |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| Hire purchase contracts |
| Joeal Ltd (Registered number: 12663269) |
| Notes to the Financial Statements - continued |
| for the Period 11 June 2020 to 30 June 2021 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| Hire purchase contracts | 154,542 |
| The bank loans are secured by fixed and floating charges over the property and assets of the company. |
| Assets held under hire purchase contracts are secured against the assets to which they relate. |
| 10. | PENSION COMMITMENTS |
| At the period end contributions of £137 to defined contribution pension schemes were outstanding. |
| 11. | OTHER FINANCIAL COMMITMENTS |
| At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable leases totalling £19,306. |
| 12. | RELATED PARTY DISCLOSURES |
| Associated companies |
| The loans to associated companies are interest free and repayable on demand. |
| £ |
| Amount due from related party at the balance sheet date | 14,500 |
| Associated companies |
| The loans from associated companies are interest free and repayable on demand. |
| £ |
| Amount due to related party at the balance sheet date | 27,091 |