JAM Project Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06661270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2020

FOR

JAM PROJECT MANAGEMENT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J A Minnis

SECRETARY:

M M Minnis

REGISTERED OFFICE:

103 Newland Road

Worthing

West Sussex

BN11 1LB

REGISTERED NUMBER:

06661270 (England and Wales)

ACCOUNTANTS:

Dalewood Limited

103 Newland Road

Worthing

West Sussex

BN11 1LB

FIXED ASSETS

Tangible assets

4

3,604

3,575

CURRENT ASSETS

Stocks

5,985

-

Cash at bank

22,573

36,656

28,558

36,656

CREDITORS

Amounts falling due within one year

5,952

8,776

NET CURRENT ASSETS

22,606

27,880

TOTAL ASSETS LESS CURRENT LIABILITIES

26,210

31,455

PROVISIONS FOR LIABILITIES

5

685

679

NET ASSETS

25,525

30,776

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

25,524

30,775

SHAREHOLDERS' FUNDS

25,525

30,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement and an abridged Balance Sheet for the year ended 31st July 2020 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 director and authorised for issue on 19th April 2021 and were signed by:

Miss J A Minnis - Director

1.	STATUTORY INFORMATION

JAM Project Management Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2019

8,082

Additions

1,232

At 31st July 2020

9,314

DEPRECIATION

At 1st August 2019

4,507

Charge for year

1,203

At 31st July 2020

5,710

NET BOOK VALUE

At 31st July 2020

3,604

At 31st July 2019

3,575

5.	PROVISIONS FOR LIABILITIES

31.7.20

31.7.19

£

£

Deferred tax

Deferred Tax Provision Brought Forward

679

477

Deferred Tax Provision in Year

6

202

685

679

Deferred

tax

£

Balance at 1st August 2019

679

Accelerated Capital Allowances

6

Balance at 31st July 2020

685

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,500 (2019 - £2,000) were paid to the director .

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss J A Minnis.