Jaques Innovations Limited 31/08/2023 iXBRL
Jaques Innovations Limited 31/08/2023 iXBRL
Company registration number:
09109667
for the Year ended
Contents
Abridged balance sheet
Notes to the financial statements
Abridged Balance sheet
31 August 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 6 |
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Tangible assets | 7 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
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(
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 January 2024
, and are signed on behalf of the board by:
Director
Company registration number:
09109667
Notes to the financial statements
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 22 Ptarmigan Place, Attleborough Fields Industrial Estate, Nuneaton, Warwickshire, CV11 6RX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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
Operating leases
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
Property improvements | - |
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Equipment | - |
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Fixtures and fittings | - |
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Stocks
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2022:
6
).
5.
Loss before taxation
Loss before taxation is stated after charging/(crediting):
2023 | 2022 | ||||
£ | £ | ||||
Amortisation of intangible assets |
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Depreciation of tangible assets |
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_______ | _______ | ||||
6.
Intangible assets
£ | ||
Cost | ||
At 1 September 2022 and 31 August 2023 |
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_______ | ||
Amortisation | ||
At 1 September 2022 |
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Charge for the year |
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_______ | ||
At 31 August 2023 |
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Carrying amount | ||
At 31 August 2023 |
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_______ | ||
At 31 August 2022 |
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_______ | ||
7.
Tangible assets
£ | ||
Cost | ||
At 1 September 2022 |
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Additions |
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_______ | ||
At 31 August 2023 |
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Depreciation | ||
At 1 September 2022 |
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Charge for the year |
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_______ | ||
At 31 August 2023 |
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Carrying amount | ||
At 31 August 2023 |
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_______ | ||
At 31 August 2022 |
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_______ | ||