JTV Audio Ltd - Accounts

JTV Audio Ltd
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	664	885
		664	885
Current assets
Debtors	4	-	256
Cash at bank and in hand		15,658	12,724
		15,658	12,980
Creditors: amount falling due within one year	5	(16,102)	(9,893)
Net current assets		(444)	3,087

Total assets less current liabilities		220	3,972
Net assets		220	3,972

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		120	3,872
Shareholders' funds		220	3,972

For the year ended 31 January 2025 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 05 January 2026 and were signed by:

-------------------------------
James Russell
Director

JTV Audio Ltd
Notes to the Financial Statements
For the year ended 31 January 2025

General Information

JTV Audio Ltd is a private company, limited by shares, registered in England and Wales, registration number 14608101, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 February 2024	1,180	1,180
Additions	-	-
Disposals	-	-
At 31 January 2025	1,180	1,180
Depreciation
At 01 February 2024	295	295
Charge for year	221	221
On disposals	-	-
At 31 January 2025	516	516
Net book values
Closing balance as at 31 January 2025	664	664
Opening balance as at 01 February 2024	885	885

Debtors: amounts falling due within one year

	2025 £		2024 £
Trade Debtors	-		256
	-		256

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	16,062	9,853
PAYE & Social Security	40	40
	16,102	9,893

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Registered Number: 14608101
England and Wales
Filleted Accounts

for the year ended 31 January 2025
for
JTV AUDIO LTD