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REGISTERED NUMBER: 08038794 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Jemica Limited

Jemica Limited (Registered number: 08038794)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jemica Limited

Company Information
for the Year Ended 30 April 2024







Directors: C Presland
J Presland





Secretary: J Presland





Registered office: The Fender Post Office
44 Fender Way
Prenton
England
CH43 7ZJ





Registered number: 08038794 (England and Wales)





Accountants: DUNCAN BOXWELL & COMPANY LIMITED
Bretton House
Bell Meadow Business Park
Pulford
Chester
Cheshire
CH4 9EP

Jemica Limited (Registered number: 08038794)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 240,002 260,001
Tangible assets 5 102,084 121,963
342,086 381,964

Current assets
Stocks 6 129,504 121,775
Debtors 7 11,247 18,107
Cash at bank and in hand 253,774 300,448
394,525 440,330
Creditors
Amounts falling due within one year 8 150,089 214,239
Net current assets 244,436 226,091
Total assets less current liabilities 586,522 608,055

Creditors
Amounts falling due after more than one
year

9

-

(30,771

)

Provisions for liabilities (24,687 ) (29,064 )
Net assets 561,835 548,220

Capital and reserves
Called up share capital 2 2
Retained earnings 561,833 548,218
Shareholders' funds 561,835 548,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Jemica Limited (Registered number: 08038794)

Balance Sheet - continued
30 April 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 23 January 2025 and were signed on its behalf by:





C Presland - Director


Jemica Limited (Registered number: 08038794)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Jemica 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 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:


Asset Class
Amortisation method
and rate
Goodwill5% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the life of the lease
Fixtures and fittings - 15% Reducing Balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Jemica Limited (Registered number: 08038794)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued

Financial instruments
Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

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.

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.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Jemica Limited (Registered number: 08038794)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value 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.

3. Employees and directors

The average number of employees during the year was 29 (2023 - 29 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 400,000
Amortisation
At 1 May 2023 139,999
Charge for year 19,999
At 30 April 2024 159,998
Net book value
At 30 April 2024 240,002
At 30 April 2023 260,001

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 May 2023 32,400 355,068 387,468
Additions - 1,415 1,415
At 30 April 2024 32,400 356,483 388,883
Depreciation
At 1 May 2023 26,600 238,905 265,505
Charge for year 3,799 17,495 21,294
At 30 April 2024 30,399 256,400 286,799
Net book value
At 30 April 2024 2,001 100,083 102,084
At 30 April 2023 5,800 116,163 121,963

Jemica Limited (Registered number: 08038794)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. Tangible fixed assets - continued

Included within the net book value of land and buildings above is £2,001 (2023 - £5,800) in respect of long leasehold land and building.

6. Stocks
2024 2023
£    £   
Stocks 129,504 121,775

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 11,247 18,107

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 47,576 102,167
Taxation and social security 81,834 75,179
Other creditors 20,679 36,893
150,089 214,239

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 30,771

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 10,000

10. Related party disclosures

The company is wholly owned by Ericthecat Limited, a company incorporated in England and Wals. The ultimate controlling parties are C F B Prestland and J Presland by virtue of their ownership of Erictecat Limited.