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REGISTERED NUMBER: 03959476 (England and Wales)




















JGM MARKETING LTD

Unaudited Financial Statements

for the Year Ended 30 April 2024






JGM MARKETING LTD (REGISTERED NUMBER: 03959476)






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


JGM MARKETING LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P Marshall
R J Stafford BA (Hons) FCA
J D Miller





SECRETARY: R J Stafford BA (Hons) FCA





REGISTERED OFFICE: 3, The Studios
320 Chorley Old Road
Bolton
BL1 4JU





REGISTERED NUMBER: 03959476 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

JGM MARKETING LTD (REGISTERED NUMBER: 03959476)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 15,106

CURRENT ASSETS
Stocks - 6,162
Debtors 5 332,025 163,548
Cash at bank and in hand 81,057 793,372
413,082 963,082
CREDITORS
Amounts falling due within one year 6 379,338 1,068,719
NET CURRENT ASSETS/(LIABILITIES) 33,744 (105,637 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,744

(90,531

)

CREDITORS
Amounts falling due after more than one
year

7

(92,168

)

(115,455

)

PROVISIONS FOR LIABILITIES - (3,245 )
NET LIABILITIES (58,424 ) (209,231 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58,524 ) (209,331 )
(58,424 ) (209,231 )

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.

JGM MARKETING LTD (REGISTERED NUMBER: 03959476)

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 16 January 2025 and were signed on its behalf by:




R J Stafford BA (Hons) FCA - Director



P Marshall - Director


JGM MARKETING LTD (REGISTERED NUMBER: 03959476)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

JGM Marketing Ltd 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.

The company is dependent on the financial support of its fellow group companies. On the basis of this continued support, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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% reducing balance
Computer equipment - 20% reducing balance

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


JGM MARKETING LTD (REGISTERED NUMBER: 03959476)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 146,416
Disposals (146,416 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 131,310
Charge for year 2,997
Eliminated on disposal (134,307 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 15,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,511 148,562
Amounts owed by group undertakings 206,514 14,070
Other debtors - 916
332,025 163,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,091 29,091
Trade creditors 57,141 28,588
Taxation and social security 81,647 39,246
Other creditors 211,459 971,794
379,338 1,068,719

JGM MARKETING LTD (REGISTERED NUMBER: 03959476)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,939 65,455
Amounts owed to group undertakings 58,229 50,000
92,168 115,455

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
RBS invoice finance - 19,365

RBS Invoice Finance Ltd have a charge which contains a negative pledge, details of which can be found at Companies House - charge code 0395 9476 0001.

9. PENSION COMMITMENTS

At the balance sheet date, amounts were due to the companies defined contribution pension scheme of 2024 - £3,276 (2023 - £4,832).

10. ULTIMATE CONTROLLING PARTY

The controlling party is STMGRP Ltd.