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REGISTERED NUMBER: 09567340 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Jolly Sailor Private Limited

Jolly Sailor Private Limited (Registered number: 09567340)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jolly Sailor Private Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Venkateswara Prasad Vanka





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 09567340 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Jolly Sailor Private Limited (Registered number: 09567340)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,940 39,060
Property, plant and equipment 5 9,777 10,310
33,717 49,370

CURRENT ASSETS
Inventories 6,448 6,193
Debtors 6 38,894 29,075
Cash at bank and in hand 4,799 15,314
50,141 50,582
CREDITORS
Amounts falling due within one year 7 153,936 146,524
NET CURRENT LIABILITIES (103,795 ) (95,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,078

)

(46,572

)

CREDITORS
Amounts falling due after more than one
year

8

(93,034

)

(114,473

)

PROVISIONS FOR LIABILITIES - (4,415 )
NET LIABILITIES (163,112 ) (165,460 )

Jolly Sailor Private Limited (Registered number: 09567340)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings (163,115 ) (165,463 )
SHAREHOLDERS' FUNDS (163,112 ) (165,460 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 September 2024 and were signed by:





Mr Venkateswara Prasad Vanka - Director


Jolly Sailor Private Limited (Registered number: 09567340)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jolly Sailor Private 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.

Turnover
Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 35 ) .

Jolly Sailor Private Limited (Registered number: 09567340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 151,200
AMORTISATION
At 1 April 2023 112,140
Charge for year 15,120
At 31 March 2024 127,260
NET BOOK VALUE
At 31 March 2024 23,940
At 31 March 2023 39,060

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1 33,804 33,805
Additions - 1,191 1,191
At 31 March 2024 1 34,995 34,996
DEPRECIATION
At 1 April 2023 - 23,495 23,495
Charge for year - 1,724 1,724
At 31 March 2024 - 25,219 25,219
NET BOOK VALUE
At 31 March 2024 1 9,776 9,777
At 31 March 2023 1 10,309 10,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 38,894 29,075

Jolly Sailor Private Limited (Registered number: 09567340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 63,691 47,176
Taxation and social security 2,523 8,681
Other creditors 87,722 90,667
153,936 146,524

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 93,034 114,473

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
3 Ordinary £1 3 3