Notjustcaps Limited 31/03/2023 iXBRL

Notjustcaps Limited 31/03/2023 iXBRL

NOTJUSTCAPS LIMITED - Company Information

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2 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06574304 2022-04-01 2023-03-31 06574304 2023-03-31 06574304 2022-03-31 06574304 2021-04-01 2022-03-31 06574304 2022-03-31 06574304 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 06574304 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06574304 bus:Director1 2022-04-01 2023-03-31 06574304 core:FurnitureFittingsToolsEquipment 2022-03-31 06574304 core:FurnitureFittingsToolsEquipment 2023-03-31 06574304 core:WithinOneYear 2023-03-31 06574304 core:WithinOneYear 2022-03-31 06574304 core:AfterOneYear 2023-03-31 06574304 core:AfterOneYear 2022-03-31 06574304 core:ShareCapital 2023-03-31 06574304 core:ShareCapital 2022-03-31 06574304 core:RetainedEarningsAccumulatedLosses 2023-03-31 06574304 core:RetainedEarningsAccumulatedLosses 2022-03-31 06574304 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-31 06574304 bus:OrdinaryShareClass1 core:ShareCapital 2022-03-31 06574304 core:FurnitureFittingsToolsEquipment 2022-03-31 06574304 bus:SmallEntities 2022-04-01 2023-03-31 06574304 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06574304 bus:FullAccounts 2022-04-01 2023-03-31 06574304 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06574304 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Company registration number: 06574304
Notjustcaps Limited
Unaudited filleted financial statements
31 March 2023
Notjustcaps Limited
Contents
Statement of financial position
Notes to the financial statements
Notjustcaps Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,062 1,093
_______ _______
1,062 1,093
Current assets
Stocks 1,820 3,215
Debtors 6 35,387 71,792
Cash at bank and in hand 96,203 67,204
_______ _______
133,410 142,211
Creditors: amounts falling due
within one year 7 ( 109,662) ( 106,002)
_______ _______
Net current assets 23,748 36,209
_______ _______
Total assets less current liabilities 24,810 37,302
Creditors: amounts falling due
after more than one year 8 ( 20,017) ( 27,717)
_______ _______
Net assets 4,793 9,585
_______ _______
Capital and reserves
Called up share capital 9 100 100
Profit and loss account 4,693 9,485
_______ _______
Shareholders funds 4,793 9,585
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 November 2023 , and are signed on behalf of the board by:
Mr I A Myers
Director
Company registration number: 06574304
Notjustcaps Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN. The Business address is 98 The Common, Earlswood, Solihull, B94 5SJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity and have been rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other adminsitrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2022 7,180 7,180
Additions 453 453
_______ _______
At 31 March 2023 7,633 7,633
_______ _______
Depreciation
At 1 April 2022 6,087 6,087
Charge for the year 484 484
_______ _______
At 31 March 2023 6,571 6,571
_______ _______
Carrying amount
At 31 March 2023 1,062 1,062
_______ _______
At 31 March 2022 1,093 1,093
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 34,390 71,168
Other debtors 997 624
_______ _______
35,387 71,792
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 8,500 8,500
Trade creditors 30,602 10,329
Corporation tax 13,446 5,576
Other creditors 57,114 81,597
_______ _______
109,662 106,002
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 20,017 27,717
_______ _______
9. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______