JELLYFISH SOUND LIMITED - Accounts

JELLYFISH SOUND LIMITED - Accounts

JELLYFISH SOUND LIMITED - Company Information

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Registered Number: 10322869
England and Wales

 

 

 

JELLYFISH SOUND LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

JELLYFISH SOUND LIMITED
Contents Page
For the year ended 31 July 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Smartline Accounts Ltd
31 July 2020



....................................................
Smartline Accounts Ltd
8 Queensway
Hazlemere
High Wycombe
HP15 7HP
05 March 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 8,984    9,449 
8,984    9,449 
Current assets      
Debtors 3,515    530 
Cash at bank and in hand 29,140    19,456 
32,655    19,986 
Creditors: amount falling due within one year (13,087)   (13,441)
Net current assets 19,568    6,545 
 
Total assets less current liabilities 28,552    15,994 
Net assets 28,552    15,994 
 

Capital and reserves 		     
Profit and loss account 28,552    15,994 
Shareholders funds 28,552    15,994 
 


For the year ended 31 July 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 05 March 2021 and were signed by:


--------------------------------
Jamie Roden
Director
2
General Information
JELLYFISH SOUND LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10322869, registration address 32 Longwood Lane, Amersham, HP7 9EN

The presentation currency is £ sterling.
1.

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 on the going concern basis and 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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
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:
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 August 2019 1,591    21,941    23,532 
Additions 625    1,579    2,204 
Disposals -    -    - 
At 31 July 2020 2,216    23,520    25,736 
Depreciation
At 01 August 2019 355    13,727    14,082 
Charge for year 466    2,204    2,670 
On disposals -    -    - 
At 31 July 2020 821    15,931    16,752 
Net book values
Closing balance as at 31 July 2020 1,395    7,589    8,984 
Opening balance as at 01 August 2019 1,236    8,213    9,449 


3.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
1 Class A share of £1.00 each 1    1 
1    1 

4.

Average number of employees

Average number of employees during the year was 2 (2019 : 2)
3