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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
Page
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JML (Financial) Associates Limited Company Information for the year ended 31 March 2023
Directors
M Ford D Ford
Secretary
D Ford
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
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JML (Financial) Associates Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,111 
47,587 
Current assets
Debtors
676 
31,880 
Cash at bank and in hand
50,017 
- 
50,693 
31,880 
Creditors: amounts falling due within one year
(62,414)
(61,519)
Net current liabilities
(11,721)
(29,639)
Net assets
34,390 
17,948 
Capital and reserves
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
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JML (Financial) Associates Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25
Fixtures & fittings
10
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 
Additions
- 
2,216 
- 
2,216 
At 31 March 2023
38,773 
61,914 
2,676 
103,363 
Depreciation
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 
Net book value
At 31 March 2023
38,773 
5,463 
1,875 
46,111 
At 31 March 2022
38,773 
6,672 
2,142 
47,587 
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JML (Financial) Associates Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
676 
31,880 
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 
62,414 
61,519 
7
Share capital
2023 
2022 
£ 
£ 
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).
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