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REGISTERED NUMBER: 08941178 (England and Wales)












JLM BESPOKE FURNITURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






JLM BESPOKE FURNITURE LIMITED (REGISTERED NUMBER: 08941178)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JLM BESPOKE FURNITURE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: J L McGlynn





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 08941178 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

JLM BESPOKE FURNITURE LIMITED (REGISTERED NUMBER: 08941178)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,761 2,348

CURRENT ASSETS
Debtors 5 19,054 11,533

CREDITORS
Amounts falling due within one year 6 (19,687 ) (16,934 )
NET CURRENT LIABILITIES (633 ) (5,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,128

(3,053

)

CREDITORS
Amounts falling due after more than one
year

7

(3,485

)

(6,487

)
NET LIABILITIES (2,357 ) (9,540 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (2,367 ) (9,550 )
SHAREHOLDERS' FUNDS (2,357 ) (9,540 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2024 and were signed by:



J L McGlynn - Director


JLM BESPOKE FURNITURE LIMITED (REGISTERED NUMBER: 08941178)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

JLM Bespoke Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods excluding value added tax. Income is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JLM BESPOKE FURNITURE LIMITED (REGISTERED NUMBER: 08941178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 14,267 666 14,933
DEPRECIATION
At 1 April 2023 11,919 666 12,585
Charge for year 587 - 587
At 31 March 2024 12,506 666 13,172
NET BOOK VALUE
At 31 March 2024 1,761 - 1,761
At 31 March 2023 2,348 - 2,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,760 9,336
Directors' current accounts - 1,901
Prepayments and accrued income 294 296
19,054 11,533

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,307 11,941
Tax 4,110 790
VAT 4,745 2,803
Directors' current accounts 25 -
Accrued expenses 1,500 1,400
19,687 16,934

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,485 6,487

JLM BESPOKE FURNITURE LIMITED (REGISTERED NUMBER: 08941178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J L McGlynn
Balance outstanding at start of year 1,901 1,505
Amounts repaid (1,901 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,901