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REGISTERED NUMBER: 06829991 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 28 February 2023

for

J.M.C Global Ltd

J.M.C Global Ltd (Registered number: 06829991)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J.M.C Global Ltd

Company Information
for the year ended 28 February 2023







DIRECTOR: J M Casey





REGISTERED OFFICE: St Georges Court
Winnington Ave
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 06829991 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

J.M.C Global Ltd (Registered number: 06829991)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228 4,623

CURRENT ASSETS
Debtors 5 167,191 281,581
Cash at bank 336,983 509
504,174 282,090
CREDITORS
Amounts falling due within one year 6 263,678 80,774
NET CURRENT ASSETS 240,496 201,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,724

205,939

CREDITORS
Amounts falling due after more than one year 7 132,788 205,333
NET ASSETS 107,936 606

CAPITAL AND RESERVES
Called up share capital 108 108
Retained earnings 107,828 498
SHAREHOLDERS' FUNDS 107,936 606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 23 October 2023 and were signed by:





J M Casey - Director


J.M.C Global Ltd (Registered number: 06829991)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

J.M.C Global 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value,of each asset on a systematic basis over their estimated useful lives as follows:

Plant & machinery-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.

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.

J.M.C Global Ltd (Registered number: 06829991)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distribution to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Covid 19
Grants received from the government in relation to the coronavirus job retention scheme and loan interest are recognised in the Income Statement in the period in which the benefit is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 18,498 - 18,498
Additions - 342 342
At 28 February 2023 18,498 342 18,840
DEPRECIATION
At 1 March 2022 13,875 - 13,875
Charge for year 4,623 114 4,737
At 28 February 2023 18,498 114 18,612
NET BOOK VALUE
At 28 February 2023 - 228 228
At 28 February 2022 4,623 - 4,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 165,594 17,451
Other debtors 1,597 -
Directors' current accounts - 252,025
Tax - 12,105
167,191 281,581

J.M.C Global Ltd (Registered number: 06829991)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 77,091 51,333
Tax 58,415 -
Social security & other taxes 3,136 3,446
VAT 61,312 9,382
Other creditors 336 14,813
Directors' current accounts 873 -
Accruals & deferred income 62,515 1,800
263,678 80,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 77,091 68,000
Bank loans - 2-5 years 55,697 137,333
132,788 205,333

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
J M Casey
Balance outstanding at start of year 252,025 (514 )
Amounts advanced - 252,539
Amounts repaid (252,898 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (873 ) 252,025

The loan is repayable on demand and attracts no interest.