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REGISTERED NUMBER: 06012537 (England and Wales)















JELLY PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






JELLY PRODUCTS LIMITED (REGISTERED NUMBER: 06012537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


JELLY PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S B Pearce
Mrs G E Pearce
I C Abbott





SECRETARY: Mrs G E Pearce





REGISTERED OFFICE: Unit 202
Boughton Industrial Estate
Boughton
Newark
Nottinghamshire
NG22 9LD





REGISTERED NUMBER: 06012537 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

JELLY PRODUCTS LIMITED (REGISTERED NUMBER: 06012537)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,873 9,560
Property, plant and equipment 5 30,744 39,281
37,617 48,841

CURRENT ASSETS
Inventories 75,033 69,850
Debtors 6 67,784 84,228
Cash at bank and in hand 85,019 39,434
227,836 193,512
CREDITORS
Amounts falling due within one year 7 39,373 42,280
NET CURRENT ASSETS 188,463 151,232
TOTAL ASSETS LESS CURRENT LIABILITIES 226,080 200,073

CREDITORS
Amounts falling due after more than one year 8 (14,281 ) (24,930 )

ACCRUALS AND DEFERRED INCOME (12,116 ) (20,516 )
NET ASSETS 199,683 154,627

CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium 531,999 531,999
Retained earnings (332,317 ) (377,373 )
SHAREHOLDERS' FUNDS 199,683 154,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JELLY PRODUCTS LIMITED (REGISTERED NUMBER: 06012537)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





Mrs G E Pearce - Director


JELLY PRODUCTS LIMITED (REGISTERED NUMBER: 06012537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Jelly Products Limited 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.

2. ACCOUNTING POLICIES

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

Revenue
Revenue represents consultancy fees charged for product design and development work, and sales of resilient wheels.

Patents and development costs
Amounts capitalised under patents and development costs relate to costs acquiring patents for, and the development of, products by the company. These costs are amortised over a ten year period.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JELLY PRODUCTS LIMITED (REGISTERED NUMBER: 06012537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 116,247
AMORTISATION
At 1 January 2023 106,687
Charge for year 2,687
At 31 December 2023 109,374
NET BOOK VALUE
At 31 December 2023 6,873
At 31 December 2022 9,560

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 186,290
Additions 3,238
At 31 December 2023 189,528
DEPRECIATION
At 1 January 2023 147,009
Charge for year 11,775
At 31 December 2023 158,784
NET BOOK VALUE
At 31 December 2023 30,744
At 31 December 2022 39,281

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,943 30,045
Other debtors - 6,046
Intercompany Balance 32,769 32,769
Directors' current accounts - 47
Prepayments 13,072 15,321
67,784 84,228

JELLY PRODUCTS LIMITED (REGISTERED NUMBER: 06012537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 9,891
Trade creditors 11,327 14,276
Taxation 69 8
Other taxes and social security 3,617 3,656
VAT 993 -
Other creditors 683 1,287
Accrued expenses 3,600 3,960
Deferred government grants 8,436 9,202
39,373 42,280

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,648 10,141
Bank loans - 2-5 years 3,633 14,789
14,281 24,930

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,351,542 Ordinary £0.000001 1 1