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Company Registration No. 12584954 (England and Wales)
Jagged Edge Productions LTD Unaudited accounts for the year ended 31 May 2024
Jagged Edge Productions LTD Unaudited accounts Contents
Page
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Jagged Edge Productions LTD Company Information for the year ended 31 May 2024
Director
S J Chambers
Company Number
12584954 (England and Wales)
Registered Office
Flat 225 Leon House 233 High Street Croydon CR0 1FY England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Jagged Edge Productions LTD Accountants' report
Accountants' report to the director of Jagged Edge Productions LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jagged Edge Productions LTD for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jagged Edge Productions LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jagged Edge Productions LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jagged Edge Productions LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jagged Edge Productions LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jagged Edge Productions LTD. You consider that Jagged Edge Productions LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jagged Edge Productions LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 6 September 2024
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Jagged Edge Productions LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,224 
5,331 
Current assets
Debtors
144,362 
24,088 
Cash at bank and in hand
30,874 
8,367 
175,236 
32,455 
Creditors: amounts falling due within one year
(84,763)
(29,475)
Net current assets
90,473 
2,980 
Net assets
101,697 
8,311 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
101,696 
8,310 
Shareholders' funds
101,697 
8,311 
For the year ending 31 May 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2024 and were signed on its behalf by
S J Chambers Director Company Registration No. 12584954
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Jagged Edge Productions LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Jagged Edge Productions LTD is a private company, limited by shares, registered in England and Wales, registration number 12584954. The registered office is Flat 225 Leon House 233 High Street, Croydon, CR0 1FY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
9,149 
Additions
7,733 
At 31 May 2024
16,882 
Depreciation
At 1 June 2023
3,818 
Charge for the year
1,840 
At 31 May 2024
5,658 
Net book value
At 31 May 2024
11,224 
At 31 May 2023
5,331 
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Jagged Edge Productions LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
59,077 
24,088 
Amounts due from group undertakings etc.
85,285 
- 
144,362 
24,088 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,366 
- 
Loans from directors
82,471 
28,626 
Accruals
926 
849 
84,763 
29,475 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S J Chambers
Director's loan account
(28,626)
(75,623)
(21,778)
(82,471)
(28,626)
(75,623)
(21,778)
(82,471)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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