Jolly Good Stays Ltd 13912907 false 2022-02-14 2023-02-28 2023-02-28 The principal activity of the company is provision of holiday and business management services Digita Accounts Production Advanced 6.30.9574.0 true 13912907 2022-02-14 2023-02-28 13912907 2023-02-28 13912907 core:CurrentFinancialInstruments 2023-02-28 13912907 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13912907 core:OfficeEquipment 2023-02-28 13912907 bus:SmallEntities 2022-02-14 2023-02-28 13912907 bus:AuditExemptWithAccountantsReport 2022-02-14 2023-02-28 13912907 bus:FullAccounts 2022-02-14 2023-02-28 13912907 bus:SmallCompaniesRegimeForAccounts 2022-02-14 2023-02-28 13912907 bus:RegisteredOffice 2022-02-14 2023-02-28 13912907 bus:Director1 2022-02-14 2023-02-28 13912907 bus:Director2 2022-02-14 2023-02-28 13912907 bus:PrivateLimitedCompanyLtd 2022-02-14 2023-02-28 13912907 core:FurnitureFittingsToolsEquipment 2022-02-14 2023-02-28 13912907 core:OfficeEquipment 2022-02-14 2023-02-28 13912907 countries:AllCountries 2022-02-14 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13912907

Jolly Good Stays Ltd

Annual Report and Unaudited Financial Statements

for the Period from 14 February 2022 to 28 February 2023

 

Jolly Good Stays Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Jolly Good Stays Ltd

Company Information

Directors

Mrs Katherine Margaret Bromley

Mr John Bromley

Registered office

Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

Accountants

King Morter Proud and Co Ltd
Chartered Accountants
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

 

Jolly Good Stays Ltd

(Registration number: 13912907)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

840

Current assets

 

Debtors

5

10,660

Creditors: Amounts falling due within one year

6

(10,883)

Net current liabilities

 

(223)

Net assets

 

617

Capital and reserves

 

Called up share capital

7

1

Retained earnings

616

Shareholders' funds

 

617

For the financial period ending 28 February 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 November 2023 and signed on its behalf by:
 

.........................................
Mrs Katherine Margaret Bromley
Director

.........................................
Mr John Bromley
Director

 

Jolly Good Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

These financial statements were authorised for issue by the Board on 13 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Jolly Good Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 28 February 2023

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Jolly Good Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 28 February 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,050

1,050

At 28 February 2023

1,050

1,050

Depreciation

Charge for the period

210

210

At 28 February 2023

210

210

Carrying amount

At 28 February 2023

840

840

5

Debtors

Current

2023
£

Trade debtors

10,660

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Other creditors

10,883

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Share Capital of £0.01 each

100

1