Company Registration No. 11111785 (England and Wales)
Trading JMP Limited
Unaudited accounts
for the year ended 31 March 2024
Trading JMP Limited
Unaudited accounts
Contents
Trading JMP Limited
Company Information
for the year ended 31 March 2024
Company Number
11111785 (England and Wales)
Registered Office
9 Emmetts Park
Asburton
Newton Abbott
Devon
TQ13 7DB
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd
Bancroft, Mill Road
West chiltington
Pulborough
West Sussex
RH20 2PZ
Trading JMP Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
9,410
10,086
Creditors: amounts falling due within one year
(2,687)
(14,069)
Net current assets
24,761
40,850
Called up share capital
100
100
Profit and loss account
24,661
40,750
Shareholders' funds
24,761
40,850
For the year ending 31 March 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 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 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 and authorised for issue on 9 October 2024 and were signed on its behalf by
James Pocock
Director
Company Registration No. 11111785
Trading JMP Limited
Notes to the Accounts
for the year ended 31 March 2024
Trading JMP Limited is a private company, limited by shares, registered in England and Wales, registration number 11111785. The registered office is 9 Emmetts Park, Asburton, Newton Abbott, Devon, TQ13 7DB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006. 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.
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.
At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit and loss.
Amounts falling due within one year
Trade debtors
1,739
13,514
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,979
Loans from directors
7
8,245
Trading JMP Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).