Registered Number:08400884 |
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2024
JFM GLOBAL TRADE LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
JFM GLOBAL TRADE LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
5,718
5,718
2
5,718
5,718
190,000
190,000
3
Trade and other receivables |
486
486
4
1,211
Cash and cash equivalents |
1,211
191,697
191,697
Trade and other payables: amounts falling due within one |
year |
(63,578)
(63,578)
5
128,119
128,119
Net current assets
Total assets less current liabilities |
133,837
133,837
Trade and other payables: amounts falling due after more |
than one year |
(45,695)
(45,695)
6
88,142
Net assets
88,142
88,142
88,142
88,142
88,142
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2024
JFM GLOBAL TRADE LIMITED
Notes to the Financial Statements
Statutory Information
JFM GLOBAL TRADE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08400884. |
C/O MASRI & CO ACCOUNTANTS
5 RAINFORD SQUARE
LIVERPOOL
L2 6PX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment |
Motor vehicles
10,941
7,500
3,441
3,441
7,500
10,941
Provision for depreciation and impairment |
5,223
4,336
887
5,223
4,336
887
2,554
3,164
5,718
2,554
3,164
5,718
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For the year ended 28 February 2024
JFM GLOBAL TRADE LIMITED
Notes to the Financial Statements Continued
2023
2024
190,000
190,000
4. Trade and other receivables |
2023
2024
486
486
5. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
61,983
61,983
1,595
1,595
63,578
63,578
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
42,039
42,039
3,656
3,656
45,695
45,695
7. Average number of persons employed |
During the year the average number of employees was 0
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