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REGISTERED NUMBER: 09441052 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

JMC3 Design Ltd

JMC3 Design Ltd (Registered number: 09441052)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMC3 Design Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J McCarthy
A J McCarthy





REGISTERED OFFICE: 47 Cuckmere Road
Seaford
East Sussex
BN25 4DL





REGISTERED NUMBER: 09441052 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

JMC3 Design Ltd (Registered number: 09441052)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,733 9,103

CURRENT ASSETS
Debtors 5 6,295 6,021
Cash at bank 17,800 19,104
24,095 25,125
CREDITORS
Amounts falling due within one year 6 (8,673 ) (9,446 )
NET CURRENT ASSETS 15,422 15,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,155

24,782

PROVISIONS FOR LIABILITIES 7 (1,279 ) (1,730 )
NET ASSETS 20,876 23,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 20,776 22,952
20,876 23,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

JMC3 Design Ltd (Registered number: 09441052)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





J McCarthy - Director


JMC3 Design Ltd (Registered number: 09441052)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

JMC3 Design Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of brand design.

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, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% Reducing Balance Method
Computer equipment25% Reducing Balance Method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

JMC3 Design Ltd (Registered number: 09441052)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

FOREIGN EXCHANGE
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2023 1,175 13,875 15,050
Disposals (156 ) - (156 )
At 29 February 2024 1,019 13,875 14,894
DEPRECIATION
At 1 March 2023 379 5,568 5,947
Charge for year 199 2,076 2,275
Eliminated on disposal (61 ) - (61 )
At 29 February 2024 517 7,644 8,161
NET BOOK VALUE
At 29 February 2024 502 6,231 6,733
At 28 February 2023 796 8,307 9,103

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,049 3,849
Other debtors 2,246 2,172
6,295 6,021

The directors consider the carrying value of trade and other receivables approximate to their fair value.

JMC3 Design Ltd (Registered number: 09441052)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 180 490
Taxation and social security 5,641 5,880
Other creditors 2,852 3,076
8,673 9,446

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,279 1,730

Deferred
tax
£   
Balance at 1 March 2023 1,730
Provided during year (451 )
Balance at 29 February 2024 1,279

8. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors were amounts due to the directors of £281 (2023 - £710). This loan is interest free and repayable on demand.