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Registration number: 03749379

JM Text Limited

Unaudited Filleted Financial Statements

for the Period from 1 May 2023 to 31 July 2024

 

JM Text Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

JM Text Limited

Company Information

Director

Mrs Julie Rubensson

Company secretary

Mr Sven Magnus Rubensson

Registered office

18 Dracaena Avenue
Falmouth
Cornwall
TR11 2EQ

Accountants

Julia Evans Accountants Ltd
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

 

JM Text Limited

(Registration number: 03749379)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

856

Current assets

 

Debtors

5

469

7,685

Cash at bank and in hand

 

7,285

7,380

 

7,754

15,065

Creditors: Amounts falling due within one year

6

(7,754)

(6,791)

Net current assets

 

-

8,274

Total assets less current liabilities

 

-

9,130

Provisions for liabilities

-

(163)

Net assets

 

-

8,967

Capital and reserves

 

Called up share capital

500

500

Retained earnings

(500)

8,467

Shareholders' funds

 

-

8,967

For the financial period ending 31 July 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 period in question in accordance with section 476; and

The director acknowledges her 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.

 

JM Text Limited

(Registration number: 03749379)
Balance Sheet as at 31 July 2024

Approved and authorised by the director on 15 November 2024
 

.........................................
Mrs Julie Rubensson
Director

 

JM Text Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 July 2024

1

General information

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

The address of its registered office is:
18 Dracaena Avenue
Falmouth
Cornwall
TR11 2EQ

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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

JM Text Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 July 2024

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

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

Computer equipment

33% Straight line basis

Fixtures and fittings

25% Straight line 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2023 - 3).

 

JM Text Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

1,503

11,542

13,045

Disposals

(232)

(1,470)

(1,702)

At 31 July 2024

1,271

10,072

11,343

Depreciation

At 1 May 2023

1,329

10,860

12,189

Eliminated on disposal

(58)

(788)

(846)

At 31 July 2024

1,271

10,072

11,343

Carrying amount

At 31 July 2024

-

-

-

At 30 April 2023

174

682

856

5

Debtors

Current

2024
£

2023
£

Trade debtors

467

7,150

Prepayments

2

535

 

469

7,685

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

53

145

Taxation and social security

706

4,019

Accruals and deferred income

1,739

1,668

Other creditors

5,256

959

7,754

6,791