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REGISTERED NUMBER: 09679459 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

J P M Capital Finance Limited

J P M Capital Finance Limited (Registered number: 09679459)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J P M Capital Finance Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R A Gregory
P R McPherson





SECRETARY: P R McPherson





REGISTERED OFFICE: Waverton House
Bell Meadow Business Park
Pulford
Chester
CH4 9EP





REGISTERED NUMBER: 09679459 (England and Wales)





ACCOUNTANTS: DUNCAN BOXWELL & COMPANY LIMITED
Bretton House
Bell Meadow Business Park
Pulford
Chester
Cheshire
CH4 9EP

J P M Capital Finance Limited (Registered number: 09679459)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,900 19,865
Investments 5 154,986 78,150
169,886 98,015

CURRENT ASSETS
Debtors 6 890,666 2,395,427
Prepayments and accrued income 1,904 2,013
Cash at bank 71,422 196,275
963,992 2,593,715
CREDITORS
Amounts falling due within one year 7 282,342 1,955,281
NET CURRENT ASSETS 681,650 638,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,536

736,449

CREDITORS
Amounts falling due after more than
one year

8

(795,159

)

(615,180

)

PROVISIONS FOR LIABILITIES (2,831 ) (1,663 )
NET ASSETS 53,546 119,606

J P M Capital Finance Limited (Registered number: 09679459)

Balance Sheet - continued
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20 20
Capital redemption reserve 10 (48,825 )
Retained earnings 53,516 168,411
53,546 119,606

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





P R McPherson - Director


J P M Capital Finance Limited (Registered number: 09679459)

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

1. STATUTORY INFORMATION

J P M Capital Finance 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% Straight Line

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.

J P M Capital Finance Limited (Registered number: 09679459)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 28,357 31,281 59,638
DEPRECIATION
At 1 August 2022 13,304 26,469 39,773
Charge for year 3,763 1,202 4,965
At 31 July 2023 17,067 27,671 44,738
NET BOOK VALUE
At 31 July 2023 11,290 3,610 14,900
At 31 July 2022 15,053 4,812 19,865

J P M Capital Finance Limited (Registered number: 09679459)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 14,432
DEPRECIATION
At 1 August 2022 9,622
Charge for year 1,202
At 31 July 2023 10,824
NET BOOK VALUE
At 31 July 2023 3,608
At 31 July 2022 4,810

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022 78,150
Additions 76,836
At 31 July 2023 154,986
NET BOOK VALUE
At 31 July 2023 154,986
At 31 July 2022 78,150

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 641,949 1,237,025
Other debtors 222,717 138,163
864,666 1,375,188

J P M Capital Finance Limited (Registered number: 09679459)

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

6. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Other debtors 26,000 1,020,239

Aggregate amounts 890,666 2,395,427

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 211,015 1,871,641
Hire purchase contracts 11,311 13,615
Trade creditors 2 1
Taxation and social security 59,680 64,096
Other creditors 334 5,928
282,342 1,955,281

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 564,144 434,306
Hire purchase contracts - 9,012
Amounts owed to associates 231,015 171,862
795,159 615,180

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
P R McPherson
Balance outstanding at start of year 110,623 49,468
Amounts advanced - 61,155
Amounts repaid (38,424 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,199 110,623

J P M Capital Finance Limited (Registered number: 09679459)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R A Gregory
Balance outstanding at start of year 13,189 (83 )
Amounts advanced 19,236 13,272
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,425 13,189