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REGISTERED NUMBER: 07053726 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JFXM EXPORTS LIMITED

JFXM EXPORTS LIMITED (REGISTERED NUMBER: 07053726)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JFXM EXPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J F Gillespie





REGISTERED OFFICE: 5 Derwent Gardens
Ashby De La Zouch
Leicestershire
LE65 1HJ





REGISTERED NUMBER: 07053726 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

JFXM EXPORTS LIMITED (REGISTERED NUMBER: 07053726)

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    Notes £   
FIXED ASSETS
- Tangible assets 4 -
35,500 Investments 5 35,500
35,500 35,500

CURRENT ASSETS
610,243 Stocks 6 458,630
649,106 Debtors 7 766,817
45,167 Cash at bank 6,271
1,304,516 1,231,718
CREDITORS
(478,183 ) Amounts falling due within one year 8 (366,320 )
826,333 NET CURRENT ASSETS 865,398
861,833 TOTAL ASSETS LESS CURRENT
LIABILITIES

900,898

CREDITORS
(25,311 ) Amounts falling due after more than one
year

9

(14,038

)
836,522 NET ASSETS 886,860

CAPITAL AND RESERVES
1 Called up share capital 10 1
836,521 Retained earnings 886,859
836,522 SHAREHOLDERS' FUNDS 886,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JFXM EXPORTS LIMITED (REGISTERED NUMBER: 07053726)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





Mr J F Gillespie - Director


JFXM EXPORTS LIMITED (REGISTERED NUMBER: 07053726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

JFXM Exports 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.
Fixtures and fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

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

JFXM EXPORTS LIMITED (REGISTERED NUMBER: 07053726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Totals fittings equipment
£    £    £   
COST
At 1 April 2023
and 31 March 2024 4,484 1,160 3,324
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,484 1,160 3,324
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 35,500
NET BOOK VALUE
At 31 March 2024 35,500
At 31 March 2023 35,500

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 458,630 610,243

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 85,193 19,047
Other debtors 204,600 197,500
Arusha Limited loan 20,546 7,312
John Gillespie Sales Ltd Loan 229,346 216,829
JFXM Properties Limited 186,692 184,175
Webuytrucks 5,000 -
VAT 35,440 24,243
766,817 649,106

The Intercompany Loan's are interest free, payable upon request and are connected to the company through common shareholders.

JFXM EXPORTS LIMITED (REGISTERED NUMBER: 07053726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 11,275 11,252
Payments on account 197,910 303,344
Trade creditors 12,664 15,394
Tax 36,992 30,590
Social security and other taxes 108 52
John Gillespie Sales Ltd Loan 103,625 112,940
Directors' current accounts 261 1,261
Accrued expenses 3,485 3,350
366,320 478,183

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 11,414 11,391
Bank loans - 2-5 years 2,624 13,920
14,038 25,311

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1