Jem Innovation Limited Filleted accounts for Companies House (small and micro)

Jem Innovation Limited Filleted accounts for Companies House (small and micro)

JEM INNOVATION LTD. - Company Information

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COMPANY REGISTRATION NUMBER: 08516233
Jem Innovation Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2020
Jem Innovation Limited
Statement of Financial Position
31 May 2020
2020
2019
£
£
£
£
Fixed assets
2,338
2,547
-------
-------
Current assets
7,936
7,383
Prepayments and accrued income
–
7
-------
-------
7,936
7,390
Creditors: amounts falling due within one year
6,731
7,276
-------
-------
Net current assets
1,205
114
-------
-------
Total assets less current liabilities
3,543
2,661
Accruals and deferred income
1,560
1,560
-------
-------
1,983
1,101
-------
-------
Capital and reserves
1,983
1,101
-------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).
2. Directors' advances, credits and guarantees
During the current and previous year the company operated a loan account on behalf of the directors. Interest was charged at the HMRC official rate on any overdrawn balances exceeding the exempt benefit in kind threshold. There are no fixed repayment terms.
2020 2019
£ £
Advances 38,436 29,256
Repayments 38,536 29,156
Amount owed to the company – 100
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 4 April 2021 , and are signed on behalf of the board by:
Mrs E Obuchowicz
Dr J Obuchowicz
Director
Director
Company registration number: 08516233
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Wellbrook Court, Girton, Cambridge, CB3 0NA, United Kingdom.