IRIS Accounts Production v24.3.2.46 05868152 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058681522023-07-31058681522024-07-31058681522023-08-012024-07-31058681522022-07-31058681522022-08-012023-07-31058681522023-07-3105868152ns15:EnglandWales2023-08-012024-07-3105868152ns14:PoundSterling2023-08-012024-07-3105868152ns10:Director12023-08-012024-07-3105868152ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105868152ns10:SmallEntities2023-08-012024-07-3105868152ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105868152ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105868152ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105868152ns10:FullAccounts2023-08-012024-07-3105868152ns10:OrdinaryShareClass12023-08-012024-07-3105868152ns10:RegisteredOffice2023-08-012024-07-3105868152ns5:CurrentFinancialInstruments2024-07-3105868152ns5:CurrentFinancialInstruments2023-07-3105868152ns5:Non-currentFinancialInstruments2024-07-3105868152ns5:Non-currentFinancialInstruments2023-07-3105868152ns5:ShareCapital2024-07-3105868152ns5:ShareCapital2023-07-3105868152ns5:RetainedEarningsAccumulatedLosses2024-07-3105868152ns5:RetainedEarningsAccumulatedLosses2023-07-3105868152ns5:PlantMachinery2023-07-3105868152ns5:FurnitureFittings2023-07-3105868152ns5:ComputerEquipment2023-07-3105868152ns5:PlantMachinery2023-08-012024-07-3105868152ns5:FurnitureFittings2023-08-012024-07-3105868152ns5:ComputerEquipment2023-08-012024-07-3105868152ns5:PlantMachinery2024-07-3105868152ns5:FurnitureFittings2024-07-3105868152ns5:ComputerEquipment2024-07-3105868152ns5:PlantMachinery2023-07-3105868152ns5:FurnitureFittings2023-07-3105868152ns5:ComputerEquipment2023-07-3105868152ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3105868152ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3105868152ns5:WithinOneYear2024-07-3105868152ns5:WithinOneYear2023-07-3105868152ns5:BetweenOneFiveYears2024-07-3105868152ns5:BetweenOneFiveYears2023-07-3105868152ns5:AllPeriods2024-07-3105868152ns5:AllPeriods2023-07-3105868152ns5:DeferredTaxation2023-07-3105868152ns5:DeferredTaxation2023-08-012024-07-3105868152ns5:DeferredTaxation2024-07-3105868152ns10:OrdinaryShareClass12024-07-31058681521ns10:Director12023-07-31058681521ns10:Director12022-07-31058681521ns10:Director12023-08-012024-07-31058681521ns10:Director12022-08-012023-07-31058681521ns10:Director12024-07-31058681521ns10:Director12023-07-31
REGISTERED NUMBER: 05868152 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

JOLLYWISE MEDIA LIMITED

JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOLLYWISE MEDIA LIMITED

Company Information
for the year ended 31 July 2024







DIRECTOR: J Mason





REGISTERED OFFICE: 8th Floor New England House
New England Street
Brighton
East Sussex
BN1 4GH





REGISTERED NUMBER: 05868152 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,019 27,456

CURRENT ASSETS
Debtors 5 412,147 318,957
Cash at bank 401,834 390,684
813,981 709,641
CREDITORS
Amounts falling due within one year 6 (182,653 ) (109,347 )
NET CURRENT ASSETS 631,328 600,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,347

627,750

CREDITORS
Amounts falling due after more than one
year

7

(13,449

)

(23,625

)

PROVISIONS FOR LIABILITIES 9 (4,944 ) (5,217 )
NET ASSETS 638,954 598,908

CAPITAL AND RESERVES
Called up share capital 10 85 85
Retained earnings 638,869 598,823
SHAREHOLDERS' FUNDS 638,954 598,908

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)

Balance Sheet - continued
31 July 2024


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 23 January 2025 and were signed by:





J Mason - Director


JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Jollywise Media 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue from specialised design activities are measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment- 25% reducing balance
Fixtures & fittings - 25% reducing balance
Plant & machinery- 25% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 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.

JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)

Notes to the Financial Statements - continued
for the year ended 31 July 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.

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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 2,622 87,905 95,809 186,336
Additions - - 6,365 6,365
At 31 July 2024 2,622 87,905 102,174 192,701
DEPRECIATION
At 1 August 2023 2,152 74,895 81,833 158,880
Charge for year 118 3,252 4,432 7,802
At 31 July 2024 2,270 78,147 86,265 166,682
NET BOOK VALUE
At 31 July 2024 352 9,758 15,909 26,019
At 31 July 2023 470 13,010 13,976 27,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,582 166,224
Other debtors 275,565 152,733
412,147 318,957

JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,606 10,610
Trade creditors 22,853 13,843
Taxation and social security 58,558 64,104
Other creditors 90,636 20,790
182,653 109,347

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,449 23,625

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,196 43,641
Between one and five years 6,120 14,438
14,316 58,079

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,944 5,217

Deferred
tax
£   
Balance at 1 August 2023 5,217
Credit to Income Statement during year (273 )
Balance at 31 July 2024 4,944

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary A £1 85 85

JOLLYWISE MEDIA LIMITED (REGISTERED NUMBER: 05868152)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
J Mason
Balance outstanding at start of year - -
Amounts advanced 16,082 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,082 -

Director's loan is repayable on demand and interest has been charged at a rate of 2.25% where the balance exceeds £10,000.

12. RELATED PARTY DISCLOSURES

During the year, the company loaned an amount of £101,922 to a related party. Both companies are under the control of the same person.