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Company Registration No. 6667680 (England and Wales)
JAD Financial Management Services Limited Unaudited accounts for the year ended 31 July 2024
JAD Financial Management Services Limited Unaudited accounts Contents
Page
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JAD Financial Management Services Limited Company Information for the year ended 31 July 2024
Director
Mr J A Doyle
Secretary
Jane Weatherston
Company Number
6667680 (England and Wales)
Registered Office
2 Exeter Street Cottingham East Riding of Yorkshire HU16 4LU United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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JAD Financial Management Services Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
1,572 
3,289 
Current assets
Debtors
600 
1,200 
Cash at bank and in hand
5,003 
3,327 
5,603 
4,527 
Creditors: amounts falling due within one year
(5,085)
(6,161)
Net current assets/(liabilities)
518 
(1,634)
Net assets
2,090 
1,655 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,089 
1,654 
Shareholders' funds
2,090 
1,655 
For the year ending 31 July 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 14 October 2024 and were signed on its behalf by
Mr J A Doyle Director Company Registration No. 6667680
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JAD Financial Management Services Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
JAD Financial Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 6667680. The registered office is 2 Exeter Street, Cottingham, East Riding of Yorkshire, HU16 4LU, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Turnover
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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JAD Financial Management Services Limited Notes to the Accounts for the year ended 31 July 2024
Government grants
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.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,674 
Disposals
(2,674)
At 31 July 2024
- 
Depreciation
At 1 August 2023
2,674 
On disposals
(2,674)
At 31 July 2024
- 
Net book value
At 31 July 2024
- 
5
Investments
Other investments 
£ 
Valuation at 1 August 2023
3,289 
Fair value adjustments
308 
Disposals
(2,025)
Valuation at 31 July 2024
1,572 
Investments have been revalued to the market value at 31st July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
600 
1,200 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
5,085 
6,161 
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JAD Financial Management Services Limited Notes to the Accounts for the year ended 31 July 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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