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Company Registration No. SC245681 (Scotland)
JAMCO (JMC) LTD. Unaudited accounts for the year ended 31 March 2024
JAMCO (JMC) LTD. Unaudited accounts Contents
Page
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JAMCO (JMC) LTD. Company Information for the year ended 31 March 2024
Directors
John Clark Mary Clark
Company Number
SC245681 (Scotland)
Registered Office
Westview Bungalow Main Street Garmond Turriff Aberdeenshire AB53 5TQ Scotland
Accountants
Moraycoast Business Services Westview Bungalow Main Street Garmond Turriff Aberdeenshire AB53 5TQ
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JAMCO (JMC) LTD. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
273,706 
277,316 
Current assets
Inventories
5,600 
7,000 
Debtors
43,282 
5,440 
Cash at bank and in hand
98,056 
47,206 
146,938 
59,646 
Creditors: amounts falling due within one year
(313,819)
(297,837)
Net current liabilities
(166,881)
(238,191)
Total assets less current liabilities
106,825 
39,125 
Provisions for liabilities
Deferred tax
(13,407)
(13,407)
Net assets
93,418 
25,718 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
93,318 
25,618 
Shareholders' funds
93,418 
25,718 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2025 and were signed on its behalf by
John Clark Director Company Registration No. SC245681
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JAMCO (JMC) LTD. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
JAMCO (JMC) LTD. is a private company, limited by shares, registered in Scotland, registration number SC245681. The registered office is Westview Bungalow, Main Street, Garmond, Turriff, Aberdeenshire, AB53 5TQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
50,000 
At 31 March 2024
50,000 
Amortisation
At 1 April 2023
50,000 
At 31 March 2024
50,000 
Net book value
At 31 March 2024
- 
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JAMCO (JMC) LTD. Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
320,743 
24,190 
23,539 
368,472 
Additions
- 
- 
467 
467 
At 31 March 2024
320,743 
24,190 
24,006 
368,939 
Depreciation
At 1 April 2023
49,269 
24,190 
17,697 
91,156 
Charge for the year
2,500 
- 
1,577 
4,077 
At 31 March 2024
51,769 
24,190 
19,274 
95,233 
Net book value
At 31 March 2024
268,974 
- 
4,732 
273,706 
At 31 March 2023
271,474 
- 
5,842 
277,316 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,282 
5,440 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
21,019 
VAT
1,113 
(25,879)
Trade creditors
18,327 
8,150 
Taxes and social security
16,535 
6,918 
Proposed dividends
16,000 
12,000 
Loans from directors
260,044 
273,229 
Accruals
1,800 
2,400 
313,819 
297,837 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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