01 March 2023 28 February 2024 No principle activity is included 13202007 2023-03-01 13202007 2024-02-28 13202007 2023-03-01 2024-02-28 13202007 2023-02-28 13202007 2022-03-01 2023-02-28 13202007 uk-core:WithinOneYear 2024-02-28 13202007 uk-core:WithinOneYear 2023-02-28 13202007 uk-core:AfterOneYear 2024-02-28 13202007 uk-core:AfterOneYear 2023-02-28 13202007 uk-core:ShareCapital 2024-02-28 13202007 uk-core:ShareCapital 2023-02-28 13202007 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 13202007 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 13202007 uk-bus:Director1 2023-03-01 2024-02-28 13202007 uk-bus:RegisteredOffice 2023-03-01 2024-02-28 13202007 uk-curr:PoundSterling 2023-03-01 2024-02-28 13202007 uk-core:OtherThanOnDemand 2024-02-28 13202007 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-02-28 13202007 uk-core:MoreThanFiveYears 2024-02-28 13202007 uk-bus:FRS102 2023-03-01 2024-02-28 13202007 uk-bus:FullAccounts 2023-03-01 2024-02-28 13202007 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13202007 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  JPMS GROUP LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 28 FEBRUARY 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  JPMS GROUP LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
       
  DIRECTORS
       
  Mr J S Rai
  Mrs P K Rai
       
       
  SECRETARY
       
  Mrs P K Rai
       
  REGISTERED OFFICE
       
  25 Park Street West, Luton, LU1 3BE
       
       
  COMPANY REGISTERED NUMBER
       
  13202007
       
       
  ACCOUNTANTS
       
  Haartwells Ltd
  Chartered Certified Accountants
  25 Park Street West, Luton, LU1 3BE
       
  page 1
  JPMS GROUP LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-7 Notes to the Financial Statements  
       
     
  page 2
  JPMS GROUP LIMITED
  Company registered number: 13202007
  STATEMENT OF FINANCIAL POSITION AT 28 February 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Investment property 3 233,750 233,750
  CURRENT ASSETS    
  Cash at bank and in hand   19,194 1,534
      19,194 1,534
  CREDITORS: Amounts falling due within one year 4 106,395 92,539
  NET CURRENT LIABILITIES   (87,201) (91,005)
  TOTAL ASSETS LESS CURRENT LIABILITIES   146,549 142,745
           
  CREDITORS: Amounts falling due after more than one year 5 (145,000) (145,000)
  NET ASSETS/(LIABILITIES)   £1,549 2,255)
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   1,449 (2,355)
  SHAREHOLDERS' FUNDS   £1,549 2,255)
       
  The notes on pages 5-7 form part of these financial statements
   
  page 3
  JPMS GROUP LIMITED
  Company registered number: 13202007
  STATEMENT OF FINANCIAL POSITION AT 28 February 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 19 November 2024
 
  Signed on behalf of the board of directors
 
 
       
  J S Rai, Director
       
       
  The notes on pages 5-7 form part of these financial statements
   
  page 4
  JPMS GROUP LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  JPMS Group Limited is a private limited company incorporated in England and Wales.
         
  Registered office:
  25 Park Street West, Luton, LU1 3BE
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 March 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Investment property
       
  Investment properties are initially recognised at cost, properties whose fair value can be measured reliably are subsequently measured at fair value. The surplus or deficit on revaluation is recognised in the profit
and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
       
         
1f. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
  The notes on pages 5-7 form part of these financial statements
   
  page 5
  JPMS GROUP LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1h. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  Employee costs during the year amounted to: 2024 2023
    £ £
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
       
       
  Investment Properties
       
      Total
      £
  Fair value at 1 March 2023   233,750
  Acquisitions through business combinations
  Fair value at 28 February 2024   233,750
     
       
       
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Corporation tax 892 -
  Other creditors 104,528 91,789
  Accruals and deferred income 975 750
    £106,395 £92,539
   
  The notes on pages 5-7 form part of these financial statements
   
  page 6
  JPMS GROUP LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
       
5. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 145,000 145,000
    £145,000 £145,000
   
       
  Analysis of borrowings:
       
       
  Due after five years:
  wholly or in part by instalments - -
  otherwise than by instalments 145,000 145,000
    £145,000 £145,000
   
  The notes on pages 5-7 form part of these financial statements
   
  page 7