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Company Registration No. 07088620 (England and Wales)
The Jolly Savage Limited Unaudited accounts for the year ended 30 November 2025
The Jolly Savage Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Jolly Savage Limited Company Information for the year ended 30 November 2025
Directors
Oliver Thomas Savage Leon Barrie Jolly
Secretary
Oliver Thomas Savage
Company Number
07088620 (England and Wales)
Registered Office
First Floor 66 Wilbury Way Hitchin Hertfordshire SG4 0TP
Accountants
Savage Accountants Limited Red Oaks, Reacliffe Road Rudyard Leek Staffordshire ST13 8RS
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The Jolly Savage Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
35,659
49,253
Investments
6
2,263
2,263
37,922
51,516
Current assets
Inventories
683,792
566,549
Debtors
7
1,032,744
872,763
Cash at bank and in hand
52,734
153,266
1,769,270
1,592,578
Creditors: amounts falling due within one year
8
(1,078,059)
(906,240)
Net current assets
691,211
686,338
Total assets less current liabilities
729,133
737,854
Provisions for liabilities
Deferred tax
(8,914)
(9,970)
Net assets
720,219
727,884
Capital and reserves
Share premium
4
4
Profit and loss account
720,215
727,880
Shareholders' funds
720,219
727,884
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by
Oliver Thomas Savage Director Company Registration No. 07088620
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The Jolly Savage Limited Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
The Jolly Savage Limited is a private company, limited by shares, registered in England and Wales, registration number 07088620. The registered office is First Floor, 66 Wilbury Way, Hitchin, Hertfordshire, SG4 0TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
No material adjustments were required.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write of the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates of 25-33% per annum. Assets held under finance leases are depreciated in the same way as owned assets. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expenses in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as an expense in the period in which the reversal occurs.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
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The Jolly Savage Limited Notes to the Accounts for the year ended 30 November 2025
Employee benefits
The cost 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. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Pensions
The company operates an auto enrolment scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance sheet obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not re-translated.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 December 2024
9,454
At 30 November 2025
9,454
Amortisation
At 1 December 2024
9,454
At 30 November 2025
9,454
Net book value
At 30 November 2025
-
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The Jolly Savage Limited Notes to the Accounts for the year ended 30 November 2025
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
53,705
43,042
6,393
103,140
Additions
-
-
2,162
2,162
At 30 November 2025
53,705
43,042
8,555
105,302
Depreciation
At 1 December 2024
31,048
20,223
2,616
53,887
Charge for the year
5,664
7,828
2,264
15,756
At 30 November 2025
36,712
28,051
4,880
69,643
Net book value
At 30 November 2025
16,993
14,991
3,675
35,659
At 30 November 2024
22,657
22,819
3,777
49,253
6
Investments
Other investments
£
Valuation at 1 December 2024
2,263
Valuation at 30 November 2025
2,263
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
815,098
599,969
Amounts due from group undertakings etc.
168,181
247,043
Accrued income and prepayments
30,521
14,441
Other debtors
18,944
11,310
1,032,744
872,763
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
492,241
357,302
VAT
109,393
102,929
Trade creditors
111,214
100,148
Taxes and social security
72,841
69,540
Other creditors
53,329
52,972
Loans from directors
238,041
222,349
Accruals
1,000
1,000
1,078,059
906,240
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The Jolly Savage Limited Notes to the Accounts for the year ended 30 November 2025
9
Operating lease commitments
2025
2024
£
£
At 30 November 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,500
31,500
Later than one year and not later than five years
15,750
47,250
47,250
78,750
10
Transactions with related parties
The Jolly Savage Limited and TJS Exports Limited are related parties by virtue of common ownership and control. Both companies are owned and managed by the same two directors. During the year ended 30 November 2025, The Jolly Savage Limited made sales to TJS Exports Limited totalling £167,823,24 (2024: £122,682.84). The company also purchased goods and services from TJS Exports Limited amounting to £32,937.10 (2024: £18,556.10). All figures are stated net of VAT. At the year end, The Jolly Savage Limited was owed £2,111 from TJS Exports Limited. In the previous year, The Jolly Savage Limited owed £1,507.74 to TJS Exports Limited. All transactions between the companies were made in the ordinary course of business and on an arm’s length basis.
11
Average number of employees
During the year the average number of employees was 15 (2024: 13).
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