Company registration number 06493116 (England and Wales)
JOLYGOOD TV LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
JOLYGOOD TV LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
JOLYGOOD TV LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,433
1,911
Investments
4
1
1
1,434
1,912
Current assets
Debtors
5
146,377
128,919
Cash at bank and in hand
30,484
36,203
176,861
165,122
Creditors: amounts falling due within one year
6
(181,666)
(166,192)
Net current liabilities
(4,805)
(1,070)
Net (liabilities)/assets
(3,371)
842
Capital and reserves
Called up share capital
14
14
Share premium account
391,166
391,166
Profit and loss reserves
(394,551)
(390,338)
Total equity
(3,371)
842

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 1 April 2025
Paul Toogood
Director
Company registration number 06493116 (England and Wales)
JOLYGOOD TV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

Jolygood TV Limited is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, England, W1W 5QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for TV programme production and is shown net of VAT.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Reducing balance method
Computer equipment
25% Reducing balance method
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

1.6
Financial instruments

The company only has basic financial instruments.

 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

JOLYGOOD TV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 and 28 February 2023
14,197
Depreciation and impairment
At 1 March 2022
12,286
Depreciation charged in the year
478
At 28 February 2023
12,764
Carrying amount
At 28 February 2023
1,433
At 28 February 2022
1,911
4
Fixed asset investments
2023
2022
£
£
Investments
1
1
JOLYGOOD TV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
4
Fixed asset investments
(Continued)
- 4 -

The fair value information has not been disclosed because it cannot be measured reliably. The value of investments are held at their historical value.

Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 March 2022 & 28 February 2023
1
Carrying amount
At 28 February 2023
1
At 28 February 2022
1
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
36,851
31,622
Other debtors
109,526
97,297
146,377
128,919
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
2,684
Amounts owed to group undertakings
67,161
67,973
Corporation tax
36,851
31,622
Other taxation and social security
73,514
60,427
Other creditors
4,140
3,486
181,666
166,192
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Paul TooGood
2.00
97,300
74,389
2,245
(64,408)
109,526
97,300
74,389
2,245
(64,408)
109,526
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