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REGISTERED NUMBER: 12578731 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JYY GLOBAL LTD

JYY GLOBAL LTD (REGISTERED NUMBER: 12578731)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JYY GLOBAL LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: Mr J Yanover





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 12578731 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

JYY GLOBAL LTD (REGISTERED NUMBER: 12578731)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 71,332 82,168
Tangible assets 5 21,853 29,136
93,185 111,304

CURRENT ASSETS
Debtors 14,553 18,552
Cash at bank and in hand 39,186 46,327
53,739 64,879
CREDITORS
Amounts falling due within one year 57,441 61,323
NET CURRENT (LIABILITIES)/ASSETS (3,702 ) 3,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,483

114,860

CREDITORS
Amounts falling due after more than one
year

6

45,822

53,056
NET ASSETS 43,661 61,804

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 108,353 108,353
Retained earnings (64,694 ) (46,551 )
43,661 61,804

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 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.

JYY GLOBAL LTD (REGISTERED NUMBER: 12578731)

ABRIDGED BALANCE SHEET - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 July 2025 and were signed by:





Mr J Yanover - Director


JYY GLOBAL LTD (REGISTERED NUMBER: 12578731)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

JYY Global Ltd 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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

JYY GLOBAL LTD (REGISTERED NUMBER: 12578731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 108,353
AMORTISATION
At 1 May 2023 26,185
Amortisation for year 10,836
At 30 April 2024 37,021
NET BOOK VALUE

At 30 April 2024 71,332
At 30 April 2023 82,168

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 39,990
DEPRECIATION
At 1 May 2023 10,854
Charge for year 7,283
At 30 April 2024 18,137
NET BOOK VALUE
At 30 April 2024 21,853
At 30 April 2023 29,136

JYY GLOBAL LTD (REGISTERED NUMBER: 12578731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans 7,104 9,854

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 24,112 -
Hire purchase contracts 32,201 36,685
56,313 36,685

Bank overdraft is secured against personal guarantee of director.

The hire purchase contracts are secured over the assets to which they relate.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr J Yanover
Balance outstanding at start of year 9,301 10,212
Amounts repaid (9,301 ) (10,212 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,301

9. RELATED PARTY DISCLOSURES

At the pr balance sheet date, the company owed £3,030 to the director.