Company Registration No. 4146750 (England and Wales)
JML (Financial) Associates Limited
Unaudited accounts
for the year ended 31 March 2023
JML (Financial) Associates Limited
Unaudited accounts
Contents
JML (Financial) Associates Limited
Company Information
for the year ended 31 March 2023
Company Number
4146750 (England and Wales)
Registered Office
38 Lyndhurst Road
Bexleyheath
Kent
DA7 6DF
Accountants
Smith Kiew Partnership
38 Lyndhurst Road
Bexleyheath
Kent
DA7 6DF
JML (Financial) Associates Limited
Statement of financial position
as at 31 March 2023
Tangible assets
46,111
47,587
Cash at bank and in hand
50,017
-
Creditors: amounts falling due within one year
(62,414)
(61,519)
Net current liabilities
(11,721)
(29,639)
Called up share capital
10,000
10,000
Profit and loss account
24,390
7,948
Shareholders' funds
34,390
17,948
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2023 and were signed on its behalf by
M Ford
Director
Company Registration No. 4146750
JML (Financial) Associates Limited
Notes to the Accounts
for the year ended 31 March 2023
JML (Financial) Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 4146750. The registered office is 38 Lyndhurst Road, Bexleyheath, Kent, DA7 6DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
38,773
59,698
2,676
101,147
At 31 March 2023
38,773
61,914
2,676
103,363
At 1 April 2022
-
53,026
534
53,560
Charge for the year
-
3,425
267
3,692
At 31 March 2023
-
56,451
801
57,252
At 31 March 2023
38,773
5,463
1,875
46,111
At 31 March 2022
38,773
6,672
2,142
47,587
JML (Financial) Associates Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
35,136
44,843
Taxes and social security
27,278
16,676
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).