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REGISTERED NUMBER: 07969321 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JMD Print Solutions Limited

JMD Print Solutions Limited (Registered number: 07969321)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMD Print Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J M Dawkins
Mr R Dawkins





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 07969321 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

JMD Print Solutions Limited (Registered number: 07969321)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,400 3,600
Tangible assets 5 - -
2,400 3,600

CURRENT ASSETS
Stocks 6 300 300
Debtors 7 21,143 23,637
Cash at bank 4,070 6,364
25,513 30,301
CREDITORS
Amounts falling due within one year 8 19,908 27,815
NET CURRENT ASSETS 5,605 2,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,005

6,086

PROVISIONS FOR LIABILITIES 456 684
NET ASSETS 7,549 5,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,449 5,302
SHAREHOLDERS' FUNDS 7,549 5,402

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 directors acknowledge their 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.

JMD Print Solutions Limited (Registered number: 07969321)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr R Dawkins - Director


JMD Print Solutions Limited (Registered number: 07969321)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JMD Print Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


JMD Print Solutions Limited (Registered number: 07969321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 6,000
AMORTISATION
At 1 April 2023 2,400
Amortisation for year 1,200
At 31 March 2024 3,600
NET BOOK VALUE
At 31 March 2024 2,400
At 31 March 2023 3,600

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,731 12,075 420 15,226
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,731 12,075 420 15,226
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - - - -

JMD Print Solutions Limited (Registered number: 07969321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 300 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,802 23,397
Other debtors 341 240
21,143 23,637

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,728 15,961
Taxation and social security 10,930 9,148
Other creditors 2,250 2,706
19,908 27,815

9. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.