Jam Sandwich Limited 08882794 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is design consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 08882794 2023-03-01 2024-02-29 08882794 2024-02-29 08882794 bus:OrdinaryShareClass1 2024-02-29 08882794 core:RetainedEarningsAccumulatedLosses 2024-02-29 08882794 core:ShareCapital 2024-02-29 08882794 core:CurrentFinancialInstruments 2024-02-29 08882794 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08882794 core:FurnitureFittingsToolsEquipment 2024-02-29 08882794 core:LandBuildings 2024-02-29 08882794 bus:SmallEntities 2023-03-01 2024-02-29 08882794 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08882794 bus:FilletedAccounts 2023-03-01 2024-02-29 08882794 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08882794 bus:RegisteredOffice 2023-03-01 2024-02-29 08882794 bus:Director1 2023-03-01 2024-02-29 08882794 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08882794 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08882794 core:ComputerEquipment 2023-03-01 2024-02-29 08882794 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 08882794 core:LandBuildings 2023-03-01 2024-02-29 08882794 countries:EnglandWales 2023-03-01 2024-02-29 08882794 2023-02-28 08882794 core:FurnitureFittingsToolsEquipment 2023-02-28 08882794 core:LandBuildings 2023-02-28 08882794 2022-03-01 2023-02-28 08882794 2023-02-28 08882794 bus:OrdinaryShareClass1 2023-02-28 08882794 core:RetainedEarningsAccumulatedLosses 2023-02-28 08882794 core:ShareCapital 2023-02-28 08882794 core:CurrentFinancialInstruments 2023-02-28 08882794 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08882794 core:FurnitureFittingsToolsEquipment 2023-02-28 08882794 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08882794

Jam Sandwich Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Jam Sandwich Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Jam Sandwich Limited

Company Information

Director

Mr Clive Goodwin

Registered office

Merry Meet Farm
Budock Water
Falmouth
Cornwall
TR11 5DP

Accountants

Harland Accountants
Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

Jam Sandwich Limited

Director's Report for the Year Ended 29 February 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

Mr Clive Goodwin

Principal activity

The principal activity of the company is design consultancy.

Going concern

The compay meets its day-to-day working capital requirements and thus is operating on a going concern basis. The company continues to be supported by its director, and this support will remain in place for the foreseeable future.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 17 October 2024
 

.........................................
Mr Clive Goodwin
Director

 

Jam Sandwich Limited

(Registration number: 08882794)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,302

14,639

Current assets

 

Debtors

838

989

Cash at bank and in hand

 

1,291

12,881

 

2,129

13,870

Creditors: Amounts falling due within one year

(34,428)

(35,355)

Net current liabilities

 

(32,299)

(21,485)

Net liabilities

 

(17,997)

(6,846)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(17,998)

(6,847)

Shareholders' deficit

 

(17,997)

(6,846)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2024
 

 

Jam Sandwich Limited

(Registration number: 08882794)
Balance Sheet as at 29 February 2024

.........................................
Mr Clive Goodwin
Director

 

Jam Sandwich Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Merry Meet Farm
Budock Water
Falmouth
Cornwall
TR11 5DP

These financial statements were authorised for issue by the director on 17 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future. The validity of this assumption depends upon the continued support of the company's director, who has loaned the company money. The director has confirmed that he will continue to support the company and will not request repayment unless the company has the funds to enable it to meet the request.

 

Jam Sandwich Limited

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on cost

Computer equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Jam Sandwich Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Jam Sandwich Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

13,290

8,478

21,768

At 29 February 2024

13,290

8,478

21,768

Depreciation

At 1 March 2023

-

7,129

7,129

Charge for the year

-

337

337

At 29 February 2024

-

7,466

7,466

Carrying amount

At 29 February 2024

13,290

1,012

14,302

At 28 February 2023

13,290

1,349

14,639

Included within the net book value of land and buildings above is £13,290 (2023 - £13,290) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1