IRIS Accounts Production v24.3.2.46 07949942 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079499422023-03-31079499422024-03-31079499422023-04-012024-03-31079499422022-03-31079499422022-04-012023-03-31079499422023-03-3107949942ns15:Wales2023-04-012024-03-3107949942ns14:PoundSterling2023-04-012024-03-3107949942ns10:Director12023-04-012024-03-3107949942ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107949942ns10:SmallEntities2023-04-012024-03-3107949942ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3107949942ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107949942ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107949942ns10:FullAccounts2023-04-012024-03-3107949942ns10:Director22023-04-012024-03-3107949942ns10:RegisteredOffice2023-04-012024-03-3107949942ns5:CurrentFinancialInstruments2024-03-3107949942ns5:CurrentFinancialInstruments2023-03-3107949942ns5:ShareCapital2024-03-3107949942ns5:ShareCapital2023-03-3107949942ns5:RetainedEarningsAccumulatedLosses2024-03-3107949942ns5:RetainedEarningsAccumulatedLosses2023-03-3107949942ns5:CostValuation2023-03-3107949942ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3107949942ns5:CostValuation2024-03-3107949942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107949942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
















Joio Cyf

Financial Statements for the Year Ended 31 March 2024






Joio Cyf

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L Haven-Jones
J R Williams





REGISTERED OFFICE: 3 Dyfed Road
Neath
West Glamorgan
SA11 3AP





REGISTERED NUMBER: 07949942 (Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Joio Cyf


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Joio Cyf for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Joio Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Joio Cyf and state those matters that we have agreed to state to the Board of Directors of Joio Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joio Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Joio Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Joio Cyf. You consider that Joio Cyf 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 financial statements of Joio Cyf. 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 financial statements.






BPU Limited
Chartered Accountants


24 March 2025

Joio Cyf (Registered number: 07949942)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 3 - 1

CURRENT ASSETS
Debtors 4 9,303 47,304
Cash at bank 59,407 21,739
68,710 69,043
CREDITORS
Amounts falling due within one year 5 42,754 39,215
NET CURRENT ASSETS 25,956 29,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,956

29,829

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,954 29,827
SHAREHOLDERS' FUNDS 25,956 29,829

Joio Cyf (Registered number: 07949942)

Balance Sheet - continued
31 March 2024


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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





J R Williams - Director


Joio Cyf (Registered number: 07949942)

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


1. 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 invoiced sales of TV production services, excluding value added tax.

Turnover in respect of long term production contracts comprises the value of work done in the year, irrespective of the accounting period in which the invoice is raised, and exclusive of Value Added Tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2. EMPLOYEES AND DIRECTORS

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

Joio Cyf (Registered number: 07949942)

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


3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023 1
Impairments (1 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 255 7,282
Other debtors & prepayments 9,048 40,022
9,303 47,304

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 309 -
Taxes & social security costs - (477 )
Other creditors & accruals 42,445 39,692
42,754 39,215