Jovem Ltd
Registered number: 08621285
Unaudited Financial Statements
For The Year Ended 31 July 2023
TaxAssist Accountants
Jovem Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Jovem Ltd
Balance Sheet
As At
31 July 2023
Balance Sheet
Registered number:
08621285
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (106,952) | (106,866) | |||
Jovem Ltd
Balance Sheet (continued)
As At
31 July 2023
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Jovem Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2023
Notes to the Financial Statements
1.
General Information
Jovem Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08621285
. The registered office is 14 Claremont Farm Courtyard Old Clatterbridge Road, Wirral, Merseyside, CH63 4JB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
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Computer Equipment |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was:
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Office and administration |
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4.
Tangible Assets
Fixtures & Fittings | Computer Equipment | Total | |
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Cost | |||
As at 1 August 2022 |
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As at 31 July 2023 |
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Depreciation | |||
As at 1 August 2022 |
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Provided during the period |
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As at 31 July 2023 |
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Net Book Value | |||
As at 31 July 2023 |
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As at 1 August 2022 |
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Jovem Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2023
5.
Creditors: Amounts Falling Due Within One Year
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Bank loans and overdrafts |
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Credit card |
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Accruals and deferred income |
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Directors' loan accounts |
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6.
Creditors: Amounts Falling Due After More Than One Year
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Bank loans |
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