2023-03-012024-02-292024-02-29false08883684JAM-PAN LEARNING LIMITED2024-11-18iso4217:GBPxbrli:pure088836842023-03-01088836842024-02-29088836842023-03-012024-02-29088836842022-03-01088836842023-02-28088836842022-03-012023-02-2808883684bus:SmallEntities2023-03-012024-02-2908883684bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2908883684bus:FullAccounts2023-03-012024-02-2908883684bus:PrivateLimitedCompanyLtd2023-03-012024-02-2908883684core:WithinOneYear2024-02-2908883684core:AfterOneYear2024-02-2908883684core:WithinOneYear2023-02-2808883684core:AfterOneYear2023-02-2808883684core:ShareCapital2024-02-2908883684core:SharePremium2024-02-2908883684core:RevaluationReserve2024-02-2908883684core:OtherReservesSubtotal2024-02-2908883684core:RetainedEarningsAccumulatedLosses2024-02-2908883684core:ShareCapital2023-02-2808883684core:SharePremium2023-02-2808883684core:RevaluationReserve2023-02-2808883684core:OtherReservesSubtotal2023-02-2808883684core:RetainedEarningsAccumulatedLosses2023-02-2808883684core:LandBuildings2024-02-2908883684core:PlantMachinery2024-02-2908883684core:Vehicles2024-02-2908883684core:FurnitureFittings2024-02-2908883684core:OfficeEquipment2024-02-2908883684core:NetGoodwill2024-02-2908883684core:IntangibleAssetsOtherThanGoodwill2024-02-2908883684core:ListedExchangeTraded2024-02-2908883684core:UnlistedNon-exchangeTraded2024-02-2908883684core:LandBuildings2023-02-2808883684core:PlantMachinery2023-02-2808883684core:Vehicles2023-02-2808883684core:FurnitureFittings2023-02-2808883684core:OfficeEquipment2023-02-2808883684core:NetGoodwill2023-02-2808883684core:IntangibleAssetsOtherThanGoodwill2023-02-2808883684core:ListedExchangeTraded2023-02-2808883684core:UnlistedNon-exchangeTraded2023-02-2808883684core:LandBuildings2023-03-012024-02-2908883684core:PlantMachinery2023-03-012024-02-2908883684core:Vehicles2023-03-012024-02-2908883684core:FurnitureFittings2023-03-012024-02-2908883684core:OfficeEquipment2023-03-012024-02-2908883684core:NetGoodwill2023-03-012024-02-2908883684core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2908883684core:ListedExchangeTraded2023-03-012024-02-2908883684core:UnlistedNon-exchangeTraded2023-03-012024-02-2908883684core:MoreThanFiveYears2023-03-012024-02-2908883684core:Non-currentFinancialInstruments2024-02-2908883684core:Non-currentFinancialInstruments2023-02-2808883684dpl:CostSales2023-03-012024-02-2908883684dpl:DistributionCosts2023-03-012024-02-2908883684core:LandBuildings2023-03-012024-02-2908883684core:PlantMachinery2023-03-012024-02-2908883684core:Vehicles2023-03-012024-02-2908883684core:FurnitureFittings2023-03-012024-02-2908883684core:OfficeEquipment2023-03-012024-02-2908883684dpl:AdministrativeExpenses2023-03-012024-02-2908883684core:NetGoodwill2023-03-012024-02-2908883684core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2908883684dpl:GroupUndertakings2023-03-012024-02-2908883684dpl:ParticipatingInterests2023-03-012024-02-2908883684dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2908883684core:ListedExchangeTraded2023-03-012024-02-2908883684dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2908883684core:UnlistedNon-exchangeTraded2023-03-012024-02-2908883684dpl:CostSales2022-03-012023-02-2808883684dpl:DistributionCosts2022-03-012023-02-2808883684core:LandBuildings2022-03-012023-02-2808883684core:PlantMachinery2022-03-012023-02-2808883684core:Vehicles2022-03-012023-02-2808883684core:FurnitureFittings2022-03-012023-02-2808883684core:OfficeEquipment2022-03-012023-02-2808883684dpl:AdministrativeExpenses2022-03-012023-02-2808883684core:NetGoodwill2022-03-012023-02-2808883684core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2808883684dpl:GroupUndertakings2022-03-012023-02-2808883684dpl:ParticipatingInterests2022-03-012023-02-2808883684dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2808883684core:ListedExchangeTraded2022-03-012023-02-2808883684dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2808883684core:UnlistedNon-exchangeTraded2022-03-012023-02-2808883684core:NetGoodwill2024-02-2908883684core:IntangibleAssetsOtherThanGoodwill2024-02-2908883684core:LandBuildings2024-02-2908883684core:PlantMachinery2024-02-2908883684core:Vehicles2024-02-2908883684core:FurnitureFittings2024-02-2908883684core:OfficeEquipment2024-02-2908883684core:AfterOneYear2024-02-2908883684core:WithinOneYear2024-02-2908883684core:ListedExchangeTraded2024-02-2908883684core:UnlistedNon-exchangeTraded2024-02-2908883684core:ShareCapital2024-02-2908883684core:SharePremium2024-02-2908883684core:RevaluationReserve2024-02-2908883684core:OtherReservesSubtotal2024-02-2908883684core:RetainedEarningsAccumulatedLosses2024-02-2908883684core:NetGoodwill2023-02-2808883684core:IntangibleAssetsOtherThanGoodwill2023-02-2808883684core:LandBuildings2023-02-2808883684core:PlantMachinery2023-02-2808883684core:Vehicles2023-02-2808883684core:FurnitureFittings2023-02-2808883684core:OfficeEquipment2023-02-2808883684core:AfterOneYear2023-02-2808883684core:WithinOneYear2023-02-2808883684core:ListedExch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JAM-PAN LEARNING LIMITED

Registered Number
08883684
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

JAM-PAN LEARNING LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

WOOD, David

Company Secretary

WOOD, Charlotte

Registered Address

3 Hardman Street
Hardman Street
Manchester
M3 3HF

Registered Number

08883684 (England and Wales)
JAM-PAN LEARNING LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3169,147202,924
Tangible assets457,83261,008
Investments5102,000102,000
328,979365,932
Current assets
Debtors730,007568,088
Cash at bank and on hand1,161,276836,460
1,891,2831,404,548
Creditors amounts falling due within one year7(1,735,784)(1,171,858)
Net current assets (liabilities)155,499232,690
Total assets less current liabilities484,478598,622
Creditors amounts falling due after one year8(38,677)(50,190)
Net assets445,801548,432
Capital and reserves
Called up share capital1212
Profit and loss account445,789548,420
Shareholders' funds445,801548,432
The financial statements were approved and authorised for issue by the Director on 18 November 2024, and are signed on its behalf by:
WOOD, David
Director
Registered Company No. 08883684
JAM-PAN LEARNING LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings20-
Vehicles-10
Office Equipment20-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year2418
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 23316,352316,352
At 29 February 24316,352316,352
Amortisation and impairment
At 01 March 23113,428113,428
Charge for year33,77733,777
At 29 February 24147,205147,205
Net book value
At 29 February 24169,147169,147
At 28 February 23202,924202,924
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 March 2346,77937,79184,570
Additions5266,7657,291
At 29 February 2447,30544,55691,861
Depreciation and impairment
At 01 March 23-23,56223,562
Charge for year4,7445,72310,467
At 29 February 244,74429,28534,029
Net book value
At 29 February 2442,56115,27157,832
At 28 February 2346,77914,22961,008
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 March 23102,000102,000
At 29 February 24102,000102,000
Net book value
At 29 February 24102,000102,000
At 28 February 23102,000102,000

Notes

1Investments in group undertakings and participating interests
6.Stocks
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables264,922426,288
Bank borrowings and overdrafts-40,899
Taxation and social security202,231121,668
Finance lease and HP contracts6,259-
Other creditors1,246,706576,706
Accrued liabilities and deferred income15,6666,297
Total1,735,7841,171,858
8.Creditors: amounts due after one year

2024

2023

££
Other creditors38,67750,190
Total38,67750,190
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts38,67750,190
10.Provisions for liabilities