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REGISTERED NUMBER: 11582277 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

KJAM Limited

KJAM Limited (Registered number: 11582277)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KJAM Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms K Corbett





SECRETARY:





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
Canary Wharf
London
E14 9XL





REGISTERED NUMBER: 11582277 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

KJAM Limited (Registered number: 11582277)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,175 12,475
Tangible assets 5 9,216 8,890
38,391 21,365

CURRENT ASSETS
Stocks 6 211,021 224,380
Debtors 7 803,088 682,074
Cash at bank and in hand 103,626 144,297
1,117,735 1,050,751
CREDITORS
Amounts falling due within one year 8 573,960 588,864
NET CURRENT ASSETS 543,775 461,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,166

483,252

CREDITORS
Amounts falling due after more than one
year

9

(40,500

)

(67,500

)

PROVISIONS FOR LIABILITIES 12 (935 ) (420 )
NET ASSETS 540,731 415,332

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 540,631 415,232
SHAREHOLDERS' FUNDS 540,731 415,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KJAM Limited (Registered number: 11582277)

Balance Sheet - continued
31 December 2023


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 30 January 2024 and were signed by:





Ms K Corbett - Director


KJAM Limited (Registered number: 11582277)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

KJAM Limited 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.

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 from orders received, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

KJAM Limited (Registered number: 11582277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The director has expressed his intention to provide sufficient funds to the company as and when needed to enable it to continue operating and also to meet its lialbities as they fall due.

At the time of approving the financial statements, the director have a reasonable expectation that the company has adequate resourcses to continue in operational exisitence for the forseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Pension costs
The company contributes to individual employee's workplace pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023 16,634
Additions 27,810
At 31 December 2023 44,444
AMORTISATION
At 1 January 2023 4,159
Amortisation for year 11,110
At 31 December 2023 15,269
NET BOOK VALUE
At 31 December 2023 29,175
At 31 December 2022 12,475

KJAM Limited (Registered number: 11582277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 33,746 2,303 36,049
DEPRECIATION
At 1 January 2023 25,624 1,535 27,159
Charge for year (1,094 ) 768 (326 )
At 31 December 2023 24,530 2,303 26,833
NET BOOK VALUE
At 31 December 2023 9,216 - 9,216
At 31 December 2022 8,122 768 8,890

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 211,021 224,380

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 160,334 188,575
Other debtors 588,913 461,600
Prepayments 53,841 31,899
803,088 682,074

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 10) 27,000 27,000
Trade creditors 114,488 127,769
Tax 38,601 24,309
Social security and other taxes 12,266 11,124
VAT 183,484 186,917
Other creditors 4,122 2,602
Directors' current accounts 965 22,250
Accrued expenses 193,034 186,893
573,960 588,864

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 10) 40,500 67,500

KJAM Limited (Registered number: 11582277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 27,000 27,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 40,500 67,500

The CIBL loan is over a 5 year term and repayable over 4 year from April 2021. The interest rate on this is 2.5% per annum.

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 370,533 370,243
Between one and five years 152,400 924,000
In more than five years 885,750 516,750
1,408,683 1,810,993

The above relates to the total costs the company has committed to for operating leases for the next 9 years.

12. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 935 420

Deferred
tax
£   
Balance at 1 January 2023 420
Provided during year 515
Balance at 31 December 2023 935

13. RELATED PARTY DISCLOSURES

During the year the company declared dividends of £33,750.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Jason Delf and Kim Corbett.