Joice Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11078600 (England and Wales)

Joice Ltd

Unaudited Financial Statements for the Year Ended 30 November 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

MJ Shillingford

REGISTERED OFFICE:

Horizons River Front

Exton

Exeter

Devon

EX3 0PR

REGISTERED NUMBER:

11078600 (England and Wales)

ACCOUNTANTS:

Haines Watts Accountants (Exeter) Limited

3 Southernhay West

Exeter

Devon

EX1 1JG

FIXED ASSETS

Tangible assets

5

1,071

1,428

CURRENT ASSETS

Stocks

10,237

12,803

Debtors: amounts falling due within one year

6

146

94

Cash at bank

2,512

2,674

12,895

15,571

CREDITORS

Amounts falling due within one year

7

(28,512

)

(28,303

)

NET CURRENT LIABILITIES

(15,617

)

(12,732

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,546

)

(11,304

)

CREDITORS

Amounts falling due after more than one year

8

(766

)

-

NET LIABILITIES

(15,312

)

(11,304

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(15,412

)

(11,404

)

(15,312

)

(11,304

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2022 and were signed by:

MJ Shillingford - Director

1.	STATUTORY INFORMATION

Joice Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The company is reliant on the support of its director, who has indicated that he will not demand repayment of the amount due to him from the company in the foreseeable future. The director considers that with his continuing financial support, the company will have sufficient financial resources to meet its requirements for the future. Therefore these financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Government grants

Grants received from the government are included in the financial statements using the Accrual model. Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

Stocks

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

Taxation

Taxation for the year 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2020

and 30 November 2021

1,964

DEPRECIATION

At 1 December 2020

536

Charge for year

357

At 30 November 2021

893

NET BOOK VALUE

At 30 November 2021

1,071

At 30 November 2020

1,428

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

146

94

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

534

2,567

Trade creditors

33

271

Other creditors

27,945

25,465

28,512

28,303

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

766

-