Jelly Software Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07228574 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JELLY SOFTWARE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Larmour

REGISTERED OFFICE:

Suite 11

5 Hercules Way

Leavesden

Watford

WD25 7GS

REGISTERED NUMBER:

07228574 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Intangible assets

5

780

1,580

Tangible assets

6

4,165

3,746

4,945

5,326

Current assets

Debtors

7

11,321

15,090

Cash at bank

28,025

14,141

39,346

29,231

Creditors

Amounts falling due within one year

8

21,195

60,398

Net current assets/(liabilities)

18,151

(31,167

)

Total assets less current liabilities

23,096

(25,841

)

Creditors

Amounts falling due after more than one year

9

(13,674

)

(19,432

)

Provisions for liabilities

(791

)

-

Net assets/(liabilities)

8,631

(45,273

)

Capital and reserves

Called up share capital

11

154

154

Retained earnings

8,477

(45,427

)

Shareholders' funds

8,631

(45,273

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

The 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.

The financial statements were approved by the director and authorised for issue on 18 April 2024 and were signed by:

Mr P Larmour - Director

1.	STATUTORY INFORMATION

Jelly Software 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Website development costs

Website development costs incurred in the development of an income generating asset are capitalised and amortised evenly over their estimated useful life of five years.

All other website development costs are charged to the profit and loss account during the year in which they are incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2023

and 31 December 2023

20,000

39,170

59,170

AMORTISATION

At 1 January 2023

20,000

37,590

57,590

Charge for year

-

800

800

At 31 December 2023

20,000

38,390

58,390

NET BOOK VALUE

At 31 December 2023

-

780

780

At 31 December 2022

-

1,580

1,580

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2023

20,400

Additions

1,808

At 31 December 2023

22,208

DEPRECIATION

At 1 January 2023

16,654

Charge for year

1,389

At 31 December 2023

18,043

NET BOOK VALUE

At 31 December 2023

4,165

At 31 December 2022

3,746

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

7,870

7,241

Other debtors

3,451

7,849

11,321

15,090

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,736

5,795

Trade creditors

(2,590

)

(2,519

)

Taxation and social security

11,400

7,114

Other creditors

6,649

50,008

21,195

60,398

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

13,674

19,432

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

16,687

12,467

Between one and five years

14,667

-

31,354

12,467

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

154

Ordinary

£1

154

154

12.	RELATED PARTY DISCLOSURES

At the year end, the director was owed £5,380 (2022: £44,380). This was interest free and repayable on demand.