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COMPANY REGISTRATION NUMBER: 12473673
Jigsaw PMG Tottenham Limited
Filleted Unaudited Financial Statements
28 February 2023
Jigsaw PMG Tottenham Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
£
Current assets
Stocks
1,745,683
1,455,815
Debtors
5
32,913
34,810
Cash at bank and in hand
6,081
1,053
------------
------------
1,784,677
1,491,678
Creditors: amounts falling due within one year
6
1,807,251
1,511,139
------------
------------
Net current liabilities
22,574
19,461
--------
--------
Total assets less current liabilities
( 22,574)
( 19,461)
--------
--------
Net liabilities
( 22,574)
( 19,461)
--------
--------
Capital and reserves
Called up share capital
7
1,200
1,200
Profit and loss account
( 23,774)
( 20,661)
--------
--------
Shareholders deficit
( 22,574)
( 19,461)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jigsaw PMG Tottenham Limited
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
G M Inglis
Director
Company registration number: 12473673
Jigsaw PMG Tottenham Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit and loss.
Going concern
The financial statements have been prepared on a going concern basis on the continued support of the directors and related parties.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Average number of employees
The average number of employees during the year was 0 .
5. Debtors
2023
2022
£
£
Other debtors
32,913
34,810
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
98,001
55,769
Amounts owed to related parties
1,706,750
1,452,870
Other creditors
2,500
2,500
------------
------------
1,807,251
1,511,139
------------
------------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1,200
1,200
1,200
1,200
-------
-------
-------
-------
8. Related party transactions
During the year the amount owed to the company from related parties amounts to £1,706,750 (2022: £1,452,870) which is amongst creditors.