JazzyMedia Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03268554

JazzyMedia Limited

Filleted Unaudited Abridged Financial Statements

31 December 2024

JazzyMedia Limited

Abridged Financial Statements

Year ended 31 December 2024

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

JazzyMedia Limited

Abridged Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		6,925	4,000

Current assets

Debtors	47,621	73,057
Cash at bank and in hand	450,983	363,224
	---------	---------
	498,604	436,281

Creditors: amounts falling due within one year	151,456		157,412
	---------		---------
Net current assets		347,148	278,869
		---------	---------
Total assets less current liabilities		354,073	282,869

Creditors: amounts falling due after more than one year	8,766	19,020
	---------	---------
Net assets	345,307	263,849
	---------	---------

Capital and reserves

Called up share capital	6	3,317	3,317
Share premium account		65,923	65,923
Profit and loss account		276,067	194,609
		---------	---------
Shareholders funds		345,307	263,849
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

JazzyMedia Limited

Abridged Statement of Financial Position (continued)

31 December 2024

These abridged financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:

Mr W G Rossiter
Director

Company registration number: 03268554

JazzyMedia Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 10 Bloomsbury Way, London, WC1A 2SL.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).

5. Tangible assets

	£
Cost
At 1 January 2024	344,052
Additions	5,377
Disposals	( 17,150)
	---------
At 31 December 2024	332,279
	---------
Depreciation
At 1 January 2024	340,052
Charge for the year	2,452
Disposals	( 17,150)
	---------
At 31 December 2024	325,354
	---------
Carrying amount
At 31 December 2024	6,925
	---------
At 31 December 2023	4,000
	---------

6. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary 'A' shares of £ 0.01 each	190,969	1,910	190,969	1,910
Ordinary 'B' shares of £ 0.01 each	106,085	1,061	106,085	1,061
Ordinary 'C' shares of £ 0.01 each	14,688	147	14,688	147
Ordinary 'D' shares of £ 0.01 each	20,000	200	20,000	200
	---------	-------	---------	-------
	331,742	3,317	331,742	3,317
	---------	-------	---------	-------

"A" ordinary and "B" ordinary shares have rights to distribution of retained earnings. "C" ordinary shares and "D" ordinary shares have no entitlement to any dividends. The holders of "B" ordinary shares, "C" ordinary shares and "D" ordinary shares are not entitled to attend or vote at general meetings. On a return of assets on liquidation or capital reduction or otherwise, the holders of the"A" ordinary shares, the "B" ordinary shares, the "C" ordinary shares and "D" ordinary shares shall be entitled to be paid out of the surplus assets of the company remaining after payments of its liabilities the amount paid up or credited as paid up on the shares ("Share Capital Amount"), such payment to be made in proportion to the number of "A" ordinary shares, "B" ordinary shares, "C" ordinary shares and "D" ordinary shares held respectively. After such a payment has been made, any further surplus assets in excess of the Share Capital Account up to the Current Value ("Primary Surplus") shall be paid as follows, initially to the holders of "A" ordinary shares, "B" ordinary shares,"C" ordinary shares (pari passu as if the same constituted one class of share) in proportion to the amounts paid up or credited as paid up on such shares, until the aggregate of the Share Capital Amount and the Primary Surplus distributed is equal to £1,500,000 ("Current Value"), and thereafter any surplus above the Current value ("Secondary Surplus") to be distributed as follows: a) 0.001% of the Secondary Surplus to be credited to each "D" share in issue, and b) after the distribution of sums due to the holders of the "D" shares, the balance of the Secondary Surplus to the holders of the "A" ordinary shares, the "B" ordinary shares and the "C" ordinary shares (pari passu as if the same constituted one class of share) in proportion to the amounts paid up or credited as paid up on such shares.

7. Related party transactions

The company was under control of of the Director, Mr W G Rossiter throughout the current and prior year.