Company Registration No. 09542301 (England and Wales)
KJM Financial Solutions Ltd
Unaudited accounts
for the year ended 30 April 2024
KJM Financial Solutions Ltd
Unaudited accounts
Contents
KJM Financial Solutions Ltd
Company Information
for the year ended 30 April 2024
Directors
Mr J Broadbent
Mrs K Broadbent
Company Number
09542301 (England and Wales)
Accountants
KLAS ACCOUNTANTS LTD
Eastham Hall
109, Eastham Village Road
Eastham
Wirral
CH62 0AF
KJM Financial Solutions Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
108,079
164,093
Creditors: amounts falling due within one year
(23,173)
(18,964)
Net current assets
84,906
145,129
Total assets less current liabilities
84,906
145,129
Creditors: amounts falling due after more than one year
(8,185)
(12,427)
Called up share capital
2
2
Profit and loss account
76,719
132,700
Shareholders' funds
76,721
132,702
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Mr J Broadbent
Director
Company Registration No. 09542301
KJM Financial Solutions Ltd
Notes to the Accounts
for the year ended 30 April 2024
KJM Financial Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09542301.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,792
4,792
Taxes and social security
17,081
13,272
5
Creditors: amounts falling due after more than one year
2024
2023
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).