Registered number
11999714
JMF LIVE LIMITED
Filleted Accounts
31 May 2023
JMF LIVE LIMITED
Registered number: 11999714
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 378 -
Current assets
Debtors 4 39,000 407
Cash at bank and in hand 51,153 30,929
90,153 31,336
Creditors: amounts falling due within one year 5 (27,996) (13,702)
Net current assets 62,157 17,634
Net assets 62,535 17,634
Capital and reserves
Called up share capital 10 10
Profit and loss account 62,525 17,624
Shareholder's funds 62,535 17,634
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Carrigan
Director
Approved by the board on 26 September 2023
JMF LIVE LIMITED
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 2 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 1,279
Additions 756
At 31 May 2023 2,035
Depreciation
At 1 June 2022 1,279
Charge for the year 378
At 31 May 2023 1,657
Net book value
At 31 May 2023 378
4 Debtors 2023 2022
£ £
Trade debtors 39,000 407
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 88 -
Taxation and social security costs 27,198 11,882
Other creditors 710 1,820
27,996 13,702
6 Controlling party
The company is controlled by the director.
7 Other information
JMF LIVE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
40 The Glades
Walsall
WS9 8RN
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