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 2021

FOR

JAM PROJECT MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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:

Cardens Accountants and Business Advisors Limited

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

Tangible assets

4

3,643

3,604

CURRENT ASSETS

Stocks

1,960

5,985

Cash at bank

29,030

22,573

30,990

28,558

CREDITORS

Amounts falling due within one year

5

23,093

5,952

NET CURRENT ASSETS

7,897

22,606

TOTAL ASSETS LESS CURRENT LIABILITIES

11,540

26,210

PROVISIONS FOR LIABILITIES

6

692

685

NET ASSETS

10,848

25,525

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

10,847

25,524

SHAREHOLDERS' FUNDS

10,848

25,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2021 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.

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 14th April 2022 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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st August 2020

4,355

4,959

9,314

Additions

988

269

1,257

At 31st July 2021

5,343

5,228

10,571

DEPRECIATION

At 1st August 2020

3,090

2,620

5,710

Charge for year

565

653

1,218

At 31st July 2021

3,655

3,273

6,928

NET BOOK VALUE

At 31st July 2021

1,688

1,955

3,643

At 31st July 2020

1,265

2,339

3,604

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

90

-

Taxation and social security

1,302

3,819

Other creditors

21,701

2,133

23,093

5,952

6.	PROVISIONS FOR LIABILITIES

31.7.21

31.7.20

£

£

Deferred tax

Deferred Tax Provision Brought Forward

685

679

Deferred Tax Provision in Year

7

6

692

685

Deferred

tax

£

Balance at 1st August 2020

685

Provided during year

7

Accelerated Capital Allowances

Balance at 31st July 2021

692

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss J A Minnis.