Telly Juice Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04184166 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Telly Juice Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Attar

D Toomer

R Jones

SECRETARY:

A J Attar

REGISTERED OFFICE:

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

REGISTERED NUMBER:

04184166 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Tangible assets

4

8,832

6,531

CURRENT ASSETS

Debtors

85,578

110,249

Cash at bank

505,515

396,994

591,093

507,243

CREDITORS

Amounts falling due within one year

179,516

128,413

NET CURRENT ASSETS

411,577

378,830

TOTAL ASSETS LESS CURRENT LIABILITIES

420,409

385,361

CREDITORS

Amounts falling due after more than one year

5

(50,000

)

(90,000

)

PROVISIONS FOR LIABILITIES

7

(2,000

)

(1,000

)

NET ASSETS

368,409

294,361

CAPITAL AND RESERVES

Called up share capital

8

1,300

1,300

Retained earnings

367,109

293,061

SHAREHOLDERS' FUNDS

368,409

294,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Balance Sheet for the year ended 31 March 2022 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 Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:

A J Attar - Director

D Toomer - Director

1.	STATUTORY INFORMATION

TellyJuice Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable for goods and services with reference to contractual obligations. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Consolidation

The company, its parent company and another subsidiary of the same parent company are a small group subject to the small companies regime. The company is therefore not required and has chosen not to prepare group accounts.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost.

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 bases:

Fixtures and Fittings - 25% on cost

Cameras & Equipment - 33 1/3% on cost

Leasehold Premises - Over 5 years.

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 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.

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. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. 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 retranslated

Pension costs

The company operates a defined contribution pension scheme, for Directors and employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Dividends

Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

391,442

Additions

13,132

Disposals

(4,500

)

At 31 March 2022

400,074

DEPRECIATION

At 1 April 2021

384,911

Charge for year

10,831

Eliminated on disposal

(4,500

)

At 31 March 2022

391,242

NET BOOK VALUE

At 31 March 2022

8,832

At 31 March 2021

6,531

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.22

31.3.21

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

10,000

6.

LOANS

An analysis of the maturity of loans is given below:

31.3.22

31.3.21

£

£

Amounts falling due within one year or on demand:

Bank loans

33,333

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

50,000

80,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

10,000

The bank loan is secured by a fixed and floating charge over the company's assets to a maximum of £20,000.

7.	PROVISIONS FOR LIABILITIES

31.3.22

31.3.21

£

£

Deferred tax

2,000

1,000

Deferred

tax

£

Balance at 1 April 2021

1,000

Provided during year

1,000

Balance at 31 March 2022

2,000

The provision for deferred taxation consists of the tax effect of timing differences in respect of excess of taxation allowances over depreciation on fixed assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1,270

A Ordinary Shares

£1

1,270

1,270

30

B Ordinary Shares

£1

30

30

1,300

1,300

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for Directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,534 (2021: £1,861) were due to the fund. They are included in creditors.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2022 the company was owed £918 (2021: £1,277) by its holding company.

11.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by TellyJuice Media Group Limited. TellyJuice Media Group Ltd is owned by the Directors of TellyJuice Ltd.