JEM Support Services Limited
Registered number: 11235635
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,502 27,392
Current assets
Debtors 4 215,663 176,107
Cash at bank and in hand 143,682 47,079
359,345 223,186
Creditors: amounts falling due within one year 5 (95,013) (96,305)
Net current assets 264,332 126,881
Net assets 287,834 154,273
Capital and reserves
Called up share capital 100 100
Profit and loss account 287,734 154,173
Shareholders' funds 287,834 154,273
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Samar Saha Mr Sukumar Saha
Director Director
Approved by the board on 31 May 2023 Approved by the board on 31 May 2023
JEM Support Services Limited
Notes to the Accounts
for the year ended 31 March 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Fixtures & fittings over 5 years
Plant and machinery over 5 years
Computer & equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 19 16
3 Tangible fixed assets
Fixtures & fittings Plant and machinery Computer & equipment Total
£ £ £ £
Cost
At 1 April 2022 18,207 12,000 24,409 54,616
Additions 298 - 1,688 1,986
At 31 March 2023 18,505 12,000 26,097 56,602
Depreciation
At 1 April 2022 8,565 7,085 11,574 27,224
Charge for the year 1,988 983 2,905 5,876
At 31 March 2023 10,553 8,068 14,479 33,100
Net book value
At 31 March 2023 7,952 3,932 11,618 23,502
At 31 March 2022 9,642 4,915 12,835 27,392
4 Debtors 2023 2022
£ £
Trade debtors 210,813 171,407
Other debtors 4,850 4,700
215,663 176,107
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 3,781
Provision for bad debts 16,275 16,275
Corporation tax 46,499 23,715
Other taxes and social security 8,877 6,668
Net wages 54 5,366
Dividend payable - 30,000
Other creditors 23,308 10,500
95,013 96,305
6 Other information
JEM Support Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Court Building
1 Market Street
London
SE18 6FU
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