Mr Jam Media Ltd 12441486 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Entertainment Digita Accounts Production Advanced 6.30.9574.0 true true 12441486 2022-03-01 2023-02-28 12441486 2023-02-28 12441486 bus:Director1 1 2023-02-28 12441486 core:RetainedEarningsAccumulatedLosses 2023-02-28 12441486 core:ShareCapital 2023-02-28 12441486 core:CurrentFinancialInstruments 2023-02-28 12441486 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12441486 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 12441486 core:FurnitureFittingsToolsEquipment 2023-02-28 12441486 core:OtherPropertyPlantEquipment 2023-02-28 12441486 bus:SmallEntities 2022-03-01 2023-02-28 12441486 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12441486 bus:FullAccounts 2022-03-01 2023-02-28 12441486 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12441486 bus:RegisteredOffice 2022-03-01 2023-02-28 12441486 bus:Director1 2022-03-01 2023-02-28 12441486 bus:Director1 1 2022-03-01 2023-02-28 12441486 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12441486 core:ComputerEquipment 2022-03-01 2023-02-28 12441486 core:FurnitureFittings 2022-03-01 2023-02-28 12441486 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 12441486 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 12441486 core:PlantMachinery 2022-03-01 2023-02-28 12441486 countries:AllCountries 2022-03-01 2023-02-28 12441486 2022-02-28 12441486 bus:Director1 1 2022-02-28 12441486 core:FurnitureFittingsToolsEquipment 2022-02-28 12441486 core:OtherPropertyPlantEquipment 2022-02-28 12441486 2021-03-01 2022-02-28 12441486 2022-02-28 12441486 bus:Director1 1 2022-02-28 12441486 core:RetainedEarningsAccumulatedLosses 2022-02-28 12441486 core:ShareCapital 2022-02-28 12441486 core:CurrentFinancialInstruments 2022-02-28 12441486 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 12441486 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 12441486 core:FurnitureFittingsToolsEquipment 2022-02-28 12441486 core:OtherPropertyPlantEquipment 2022-02-28 12441486 bus:Director1 1 2021-03-01 2022-02-28 12441486 bus:Director1 1 2021-02-28 iso4217:GBP xbrli:pure

Registration number: 12441486

Mr Jam Media Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

image-name
 

Mr Jam Media Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Mr Jam Media Ltd

Company Information

Director

Mr Samuel Brendan Delaney

Registered office

76 Nowell Road
London
SW13 9BS

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Mr Jam Media Ltd

(Registration number: 12441486)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

15,986

18,340

Current assets

 

Debtors

5

66,467

54,932

Cash at bank and in hand

 

1,810

213

 

68,277

55,145

Creditors: Amounts falling due within one year

6

(84,169)

(72,473)

Net current liabilities

 

(15,892)

(17,328)

Total assets less current liabilities

 

94

1,012

Creditors: Amounts falling due after more than one year

6

-

(982)

Net assets

 

94

30

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

92

28

Shareholders' funds

 

94

30

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2023
 

.........................................
Mr Samuel Brendan Delaney
Director

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
76 Nowell Road
London
SW13 9BS
United Kingdom

These financial statements were authorised for issue by the director on 19 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% Straight line

Fixture and Fittings

20% Straight line

Plant and Machinery

10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

1,842

17,808

19,650

At 28 February 2023

1,842

17,808

19,650

Depreciation

At 1 March 2022

865

445

1,310

Charge for the year

573

1,781

2,354

At 28 February 2023

1,438

2,226

3,664

Carrying amount

At 28 February 2023

404

15,582

15,986

At 28 February 2022

977

17,363

18,340

5

Debtors

Current

2023
£

2022
£

Trade debtors

7,425

14,364

Other debtors

59,042

40,568

 

66,467

54,932

6

Creditors

Creditors: amounts falling due within one year

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Creditors (continued)

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

28,051

29,811

Trade creditors

 

3,112

6,112

Taxation and social security

 

51,006

34,550

Accruals and deferred income

 

2,000

2,000

 

84,169

72,473

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

-

982

-

982

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

28,051

29,811

28,051

29,811

8

Related party transactions

Transactions with directors

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

8

Related party transactions (continued)

Transactions with the director

2023

At 1 March 2022
£

Repayments by director
£

At 28 February 2023
£

Mr Samuel Brendan Delaney

Directors Loan Account

40,068

(6,049)

34,019

       
     

 

2022

At 1 March 2021
£

Advances to directors
£

Repayments by director
£

At 28 February 2022
£

Mr Samuel Brendan Delaney

Directors Loan Account

32,598

32,746

(25,276)

40,068

         
       

 

 

Mr Jam Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

8

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

11,800

8,800

11,800

8,800