IRIS Accounts Production v24.3.0.553 08802584 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088025842023-08-31088025842024-08-31088025842023-09-012024-08-31088025842022-08-31088025842022-09-012023-08-31088025842023-08-3108802584ns15:EnglandWales2023-09-012024-08-3108802584ns14:PoundSterling2023-09-012024-08-3108802584ns10:Director12023-09-012024-08-3108802584ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108802584ns10:SmallEntities2023-09-012024-08-3108802584ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108802584ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108802584ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108802584ns10:FullAccounts2023-09-012024-08-310880258412023-09-012024-08-3108802584ns10:RegisteredOffice2023-09-012024-08-3108802584ns5:CurrentFinancialInstruments2024-08-3108802584ns5:CurrentFinancialInstruments2023-08-3108802584ns5:Non-currentFinancialInstruments2024-08-3108802584ns5:Non-currentFinancialInstruments2023-08-3108802584ns5:ShareCapital2024-08-3108802584ns5:ShareCapital2023-08-3108802584ns5:RetainedEarningsAccumulatedLosses2024-08-3108802584ns5:RetainedEarningsAccumulatedLosses2023-08-3108802584ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3108802584ns5:ComputerSoftware2023-09-012024-08-3108802584ns5:ComputerEquipment2023-09-012024-08-3108802584ns5:IntangibleAssetsOtherThanGoodwill2023-08-3108802584ns5:IntangibleAssetsOtherThanGoodwill2024-08-3108802584ns5:IntangibleAssetsOtherThanGoodwill2023-08-3108802584ns5:ComputerEquipment2023-08-3108802584ns5:ComputerEquipment2024-08-3108802584ns5:ComputerEquipment2023-08-3108802584ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108802584ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 08802584 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JLMS MANAGEMENT LTD.

JLMS MANAGEMENT LTD. (REGISTERED NUMBER: 08802584)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JLMS MANAGEMENT LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Director: Mr J S Welsh





Registered office: 46 Leigh Road
Eastleigh
Hampshire
SO50 9DT





Registered number: 08802584 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

JLMS MANAGEMENT LTD. (REGISTERED NUMBER: 08802584)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2,000 4,000
Tangible assets 5 3,248 952
5,248 4,952

Current assets
Debtors 6 27,289 26,545
Cash at bank 215,152 183,701
242,441 210,246
Creditors
Amounts falling due within one year 7 118,589 106,615
Net current assets 123,852 103,631
Total assets less current liabilities 129,100 108,583

Creditors
Amounts falling due after more than one
year

8

30,000

35,000
Net assets 99,100 73,583

Capital and reserves
Called up share capital 1 1
Retained earnings 99,099 73,582
99,100 73,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JLMS MANAGEMENT LTD. (REGISTERED NUMBER: 08802584)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 22 November 2024 and were signed by:





Mr J S Welsh - Director


JLMS MANAGEMENT LTD. (REGISTERED NUMBER: 08802584)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

JLMS Management 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.

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

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

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.

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.

JLMS MANAGEMENT LTD. (REGISTERED NUMBER: 08802584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023 6,000
Charge for year 2,000
At 31 August 2024 8,000
NET BOOK VALUE
At 31 August 2024 2,000
At 31 August 2023 4,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 6,992
Additions 4,428
At 31 August 2024 11,420
DEPRECIATION
At 1 September 2023 6,040
Charge for year 2,132
At 31 August 2024 8,172
NET BOOK VALUE
At 31 August 2024 3,248
At 31 August 2023 952

JLMS MANAGEMENT LTD. (REGISTERED NUMBER: 08802584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,211 16,957
Other debtors 12,078 9,588
27,289 26,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 36,653 29,607
Taxation and social security 5,568 180
Other creditors 71,368 71,828
118,589 106,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,000 35,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,000 15,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Welsh.