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REGISTERED NUMBER: 06450590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

RED JAM LIMITED

RED JAM LIMITED (REGISTERED NUMBER: 06450590)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


RED JAM LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A M Almey
Mr M J Cawdron
Mr M J Green
Mr P L Moss





REGISTERED OFFICE: Plot 1l Buildwas Road
Clayhill Industrial Estate
Neston
Cheshire
CH64 3RU





REGISTERED NUMBER: 06450590 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Red Jam Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Jam Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Red Jam Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Jam Limited and state those matters that we have agreed to state to the Board of Directors of Red Jam Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Jam Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Red Jam Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Jam Limited. You consider that Red Jam Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Red Jam Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool
L34 3LG


17 February 2025

RED JAM LIMITED (REGISTERED NUMBER: 06450590)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,143 52,763

CURRENT ASSETS
Debtors 5 72,719 62,223
Cash at bank 45,491 47,090
118,210 109,313
CREDITORS
Amounts falling due within one year 6 40,001 47,778
NET CURRENT ASSETS 78,209 61,535
TOTAL ASSETS LESS CURRENT LIABILITIES 145,352 114,298

CREDITORS
Amounts falling due after more than one year 7 29,318 -
NET ASSETS 116,034 114,298

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 115,034 113,298
116,034 114,298

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

RED JAM LIMITED (REGISTERED NUMBER: 06450590)

Balance Sheet - continued
31 December 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 17 February 2025 and were signed on its behalf by:





Mr P L Moss - Director


RED JAM LIMITED (REGISTERED NUMBER: 06450590)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Red Jam Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

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.

RED JAM LIMITED (REGISTERED NUMBER: 06450590)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 791 83,200 3,161 87,152
Additions - 49,090 2,275 51,365
Disposals - (40,200 ) - (40,200 )
At 31 December 2024 791 92,090 5,436 98,317
DEPRECIATION
At 1 January 2024 330 32,992 1,067 34,389
Charge for year 197 20,800 913 21,910
Eliminated on disposal - (25,125 ) - (25,125 )
At 31 December 2024 527 28,667 1,980 31,174
NET BOOK VALUE
At 31 December 2024 264 63,423 3,456 67,143
At 31 December 2023 461 50,208 2,094 52,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 33,704 46,976
Related party balance 24,015 13,207
Prepayments 15,000 2,040
72,719 62,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 9,772 -
Trade creditors 742 479
Tax - 8,556
Social security and other taxes 10,170 10,285
VAT 15,717 16,958
Accrued expenses 3,600 11,500
40,001 47,778

RED JAM LIMITED (REGISTERED NUMBER: 06450590)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 29,318 -

8. RELATED PARTY DISCLOSURES

Red Systems Ltd is a company related by virtue of directors in common. During the year, the company made sales to Red Systems Ltd amounting to £103,978 (2023: £129,790). The balance due from Red Systems Ltd as at 31 December 2024 was £24,015 (2023: £13,207).