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COMPANY REGISTRATION NUMBER: 11628896
JEM Projects Ltd
Filleted Unaudited Financial Statements
31 October 2023
JEM Projects Ltd
Financial Statements
Year ended 31 October 2023
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position and the notes to the financial statements
2 to 3
JEM Projects Ltd
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of JEM Projects Ltd
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JEM Projects Ltd for the year ended 31 October 2023, which comprise the statement of financial position and the notes to the financial statements 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of JEM Projects Ltd, as a body, in accordance with the terms of our engagement letter dated 8 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of JEM Projects Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JEM Projects Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that JEM Projects Ltd 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 JEM Projects Ltd. You consider that JEM Projects Ltd 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 JEM Projects Ltd. 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.
CRAWLEY & CO Chartered Accountants
163 Holland Street Denton Manchester M34 3GE
18 October 2024
JEM Projects Ltd
Statement of Financial Position
31 October 2023
2023
2022
£
£
Fixed assets
80,835
34,261
--------
--------
Current assets
30,837
28,640
Prepayments and accrued income
-
602
--------
--------
30,837
29,242
Creditors: amounts falling due within one year
33,338
15,747
--------
--------
Net current (liabilities)/assets
( 2,501)
13,495
--------
--------
Total assets less current liabilities
78,334
47,756
Creditors: amounts falling due after more than one year
51,765
7,161
Accruals and deferred income
1,090
1,346
--------
--------
25,479
39,249
--------
--------
Capital and reserves
25,479
39,249
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Other financial commitments
The company has net obligations under a hire purchase contract totalling £ 11,067 (2022:£18,878). The hire purchase contract is secured over the asset concerned.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
M R Murray
Director
Company registration number: 11628896
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Glenside Drive, Woodley, Stockport, United Kingdom, SK6 1JJ.