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REGISTERED NUMBER: 06215147 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JIVE ADDICTION LIMITED

JIVE ADDICTION LIMITED (REGISTERED NUMBER: 06215147)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JIVE ADDICTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Directors: Mrs M Armstrong-Holmes
Mr J Armstrong-Holmes





Secretary: Mrs M Armstrong-Holmes





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 06215147 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

JIVE ADDICTION LIMITED (REGISTERED NUMBER: 06215147)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 206 802
206 802

Current assets
Debtors 6 63,684 57,953
Cash at bank 91,491 70,633
155,175 128,586
Creditors
Amounts falling due within one year 7 (279,941 ) (205,267 )
Net current liabilities (124,766 ) (76,681 )
Total assets less current liabilities (124,560 ) (75,879 )

Creditors
Amounts falling due after more than one
year

8

(29,355

)

(34,611

)
Net liabilities (153,915 ) (110,490 )

Capital and reserves
Called up share capital 9 500 500
Other reserves 500 500
Retained earnings (154,915 ) (111,490 )
Shareholders' funds (153,915 ) (110,490 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:




Mr J Armstrong-Holmes - Director


JIVE ADDICTION LIMITED (REGISTERED NUMBER: 06215147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Jive Addiction 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.

Mr J Armstrong Holmes the managing director and controlling shareholder has confirmed that he will continue to support the company by maintaining his loan account with the company allowing it to meet its liabilities as they fall due for at least a period not less than 12 months from the date of signing the financial statements. The financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Equipment - 20% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

JIVE ADDICTION LIMITED (REGISTERED NUMBER: 06215147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 May 2023
and 30 April 2024 390,000
Amortisation
At 1 May 2023
and 30 April 2024 390,000
Net book value
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Equipment
£
Cost
At 1 May 2023
and 30 April 2024 83,696
Depreciation
At 1 May 2023 82,894
Charge for year 596
At 30 April 2024 83,490
Net book value
At 30 April 2024 206
At 30 April 2023 802

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Deferred tax asset 18,599 3,980
Prepayments and accrued income 45,085 53,973
63,684 57,953

JIVE ADDICTION LIMITED (REGISTERED NUMBER: 06215147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Trade creditors 930 21,036
Social security and other taxes 1,352 554
VAT 3,157 7,104
Other creditors 179,942 84,279
Credit card 13 1,097
Directors' loan accounts 85,616 82,266
Accruals and deferred income 3,375 3,375
279,941 205,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 5,556 5,557
Bank loans - 2-5 years 23,336 23,035
Bank loans > 5 years 463 6,019
29,355 34,611

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 463 6,019

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
500 Ordinary £1 500 500