JAAMA Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05186026 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

JAAMA Ltd

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J A Francis

Mrs A M Pittortou

M Evans

Dr R A Francis

J Thresher

SECRETARY:

Mrs A M Pittortou

REGISTERED OFFICE:

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

BUSINESS ADDRESS:

15 Amber Business Village

Amber Close

Amington

Tamworth

Staffordshire

B77 4RP

REGISTERED NUMBER:

05186026 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

255,011

163,890

CURRENT ASSETS

Debtors

5

2,106,335

1,242,547

Cash at bank

1,792,533

1,148,730

3,898,868

2,391,277

CREDITORS

Amounts falling due within one year

6

2,143,165

1,851,329

NET CURRENT ASSETS

1,755,703

539,948

TOTAL ASSETS LESS CURRENT LIABILITIES

2,010,714

703,838

PROVISIONS FOR LIABILITIES

12,380

7,838

NET ASSETS

1,998,334

696,000

CAPITAL AND RESERVES

Called up share capital

8

25,131

25,131

Retained earnings

1,973,203

670,869

SHAREHOLDERS' FUNDS

1,998,334

696,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2018 and were signed on its behalf by:

J A Francis - Director

1.	STATUTORY INFORMATION

JAAMA 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 consideration received or receivable net of VAT.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided

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

Improvements to property

- in accordance with the property lease

Fixtures, fittings & equipment

- at varying rates on cost

Motor vehicles

- 25% on cost

Computer equipment

- 33% on cost

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet 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.

Leasing

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

lease term, unless the rental payments are structured to increase in line with expected general

inflation, in which case the company recognises annual rent expense equal to amounts owed to the

lessor.

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.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from

impairment are recognised in profit or loss.

Creditors

Short term creditors are measured at transaction price.

The company recognises a provision for annual leave by employees as a result of services rendered

which the employees are entitled to carry forward and use. The provision is measured at the salary

cost payable for the period of annual leave.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2016 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

fittings

Motor

Computer

property

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2017

190,296

67,205

125,433

263,718

646,652

Additions

15,365

7,542

81,033

122,713

226,653

Disposals

-

-

-

(22,023

)

(22,023

)

At 31 December 2017

205,661

74,747

206,466

364,408

851,282

DEPRECIATION

At 1 January 2017

152,401

58,588

113,199

158,574

482,762

Charge for year

37,083

5,086

15,441

77,922

135,532

Eliminated on disposal

-

-

-

(22,023

)

(22,023

)

At 31 December 2017

189,484

63,674

128,640

214,473

596,271

NET BOOK VALUE

At 31 December 2017

16,177

11,073

77,826

149,935

255,011

At 31 December 2016

37,895

8,617

12,234

105,144

163,890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

2,008,264

1,170,829

Called up share capital not paid

131

131

Prepayments

97,940

71,587

2,106,335

1,242,547

An impairment loss of £nil (2016: £6,991) was recognised against trade debtors in respect of a

provision for bad debts. In the previous year an impairment loss of £331,494 was recognised against

other debtors in respect of an exceptional item.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

129,427

84,348

Corporation tax

580,471

331,688

Social security and other taxes

367,271

311,376

Other creditors

4,647

3,099

Directors' loan accounts

727

1,509

Deferred income

973,000

1,081,049

Accrued expenses

87,622

38,260

2,143,165

1,851,329

7.	LEASING AGREEMENTS

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

31.12.17

31.12.16

£

£

Within one year

185,063

149,753

Between one and five years

70,865

125,772

255,928

275,525

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

23,616

Ordinary

£1

23,616

25,000

(31.12.16 - 25,000 )

Allotted and issued:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

6

Dividend A - F

£1

6

6

1,509

Ordinary G

£1

1,509

125

1,515

131

1,384 Ordinary G shares of £1 each were allotted at par during the year.

9.	ULTIMATE CONTROLLING PARTY