Company Registration No. SC245681 (Scotland)
JAMCO (JMC) LTD.
Unaudited accounts
for the year ended 31 March 2024
JAMCO (JMC) LTD.
Unaudited accounts
Contents
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
JAMCO (JMC) LTD.
Statement of financial position
as at 31 March 2024
Tangible assets
273,706
277,316
Cash at bank and in hand
98,056
47,206
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)
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
JAMCO (JMC) LTD.
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
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
At 31 March 2024
320,743
24,190
24,006
368,939
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
At 31 March 2024
268,974
-
4,732
273,706
At 31 March 2023
271,474
-
5,842
277,316
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
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
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Average number of employees
During the year the average number of employees was 0 (2023: 0).