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Registered number: 11286065
JLM Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Ortu Advisors Ltd
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11286065
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 208 278
208 278
CURRENT ASSETS
Debtors 5 99,336 24,615
Cash at bank and in hand 12,914 3,652
112,250 28,267
Creditors: Amounts Falling Due Within One Year 6 (113,072 ) (59,195 )
NET CURRENT ASSETS (LIABILITIES) (822 ) (30,928 )
TOTAL ASSETS LESS CURRENT LIABILITIES (614 ) (30,650 )
NET LIABILITIES (614 ) (30,650 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (714 ) (30,750 )
SHAREHOLDERS' FUNDS (614) (30,650)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Dr Imran Rangzeb
Director
21/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JLM Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11286065 . The registered office is Landmark House Station Road, Cheadle Hulme, Cheadle, Greater Manchester, SK8 7BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% straight line
Computer Equipment 3 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 348 1,572 1,920
As at 31 October 2023 348 1,572 1,920
Depreciation
As at 1 November 2022 70 1,572 1,642
Provided during the period 70 - 70
As at 31 October 2023 140 1,572 1,712
Net Book Value
As at 31 October 2023 208 - 208
As at 1 November 2022 278 - 278
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5. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Trade debtors 16,975 16,909
Other debtors 8,441 7,706
Other debtors - Intercompany 73,920 -
99,336 24,615
6. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Trade creditors 5,997 7,268
Corporation tax (6 ) 255
Other taxes and social security 1,882 2,854
VAT - 1,020
Other creditors 101,863 45,418
Pension Payable 316 396
Accruals and deferred income 2,520 1,484
Director's loan account 500 500
113,072 59,195
7. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
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