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REGISTERED NUMBER: 07105303 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

JIMALICE LIMITED

JIMALICE LIMITED (REGISTERED NUMBER: 07105303)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JIMALICE LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Sharp
P Sharp
A Clare
M Sleight





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE





REGISTERED NUMBER: 07105303 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

JIMALICE LIMITED (REGISTERED NUMBER: 07105303)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,069 117,162
107,069 117,162

CURRENT ASSETS
Debtors 6 838,802 713,693
Cash at bank and in hand 115,956 113,169
954,758 826,862
CREDITORS
Amounts falling due within one year 7 407,472 335,749
NET CURRENT ASSETS 547,286 491,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,355

608,275

CREDITORS
Amounts falling due after more than one
year

8

119,084

184,920
NET ASSETS 535,271 423,355

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 534,271 422,355
SHAREHOLDERS' FUNDS 535,271 423,355

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 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.

JIMALICE LIMITED (REGISTERED NUMBER: 07105303)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:




M Sleight - Director



S Sharp - Director


JIMALICE LIMITED (REGISTERED NUMBER: 07105303)

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

1. STATUTORY INFORMATION

JIMALICE 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.

Goodwill
Previously, the goodwill purchased in 2012 was written off over 10 years (8 years remaining) however, upon review it was decided that the length of time of the goodwill remaining was 3 years and as such the remaining goodwill will be amortised over 3 years.

Further goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 5 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

No depreciation charges in the year of acquisition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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.

JIMALICE LIMITED (REGISTERED NUMBER: 07105303)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 643,589
AMORTISATION
At 1 January 2023
and 31 December 2023 643,589
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 250,863
Additions 974
At 31 December 2023 251,837
DEPRECIATION
At 1 January 2023 133,701
Charge for year 11,067
At 31 December 2023 144,768
NET BOOK VALUE
At 31 December 2023 107,069
At 31 December 2022 117,162

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 81,598 43,841
Other debtors 757,204 669,852
838,802 713,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 60,664 62,032
Trade creditors 13,136 10,211
Taxation and social security 216,984 190,537
Other creditors 116,688 72,969
407,472 335,749

JIMALICE LIMITED (REGISTERED NUMBER: 07105303)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 61,132 121,796
Other creditors 57,952 63,124
119,084 184,920

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 121,796 183,828

A debenture is in place from Lloyds TSB Bank PLC securing all monies and liabilities due from the company by way of a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 January 2023 422,355
Profit for the year 441,290
Dividends (329,374 )
At 31 December 2023 534,271

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Norley Leighton Limited.

By virtue of its 100% shareholding of the ordinary capital of the company from 21 December 2020.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
JIMALICE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JIMALICE LIMITED for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of JIMALICE LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JIMALICE LIMITED and state those matters that we have agreed to state to the Board of Directors of JIMALICE LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JIMALICE LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JIMALICE LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JIMALICE LIMITED. You consider that JIMALICE LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JIMALICE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................