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COMPANY REGISTRATION NUMBER: 08516233
Jem Innovation Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2024
Jem Innovation Limited
Statement of Financial Position
31 May 2024
2024
2023
£
£
£
£
Fixed assets
9,462
9,022
-------
-------
Current assets
20,920
17,723
Prepayments and accrued income
272
260
--------
--------
21,192
17,983
Creditors: amounts falling due within one year
8,683
8,741
--------
--------
Net current assets
12,509
9,242
--------
--------
Total assets less current liabilities
21,971
18,264
Creditors: amounts falling due after more than one year
2,833
4,833
Accruals and deferred income
2,106
2,106
--------
--------
17,032
11,325
--------
--------
Capital and reserves
17,032
11,325
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Directors' advances, credits and guarantees
During the current and previous year the company operated a loan account on behalf of the directors. Interest was charged at the HMRC official rate on any overdrawn balances exceeding the exempt benefit in kind threshold. There are no fixed repayment terms.
2024 2023
£ £
Advances 27,155 28,264
Repayments 27,155 28,264
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
Mrs E Obuchowicz
Dr J Obuchowicz
Director
Director
Company registration number: 08516233
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Wellbrook Court, Girton, Cambridge, CB3 0NA, United Kingdom.