Registered number
07749774
Cameron Jones Financial Management Ltd
Unaudited Filleted Accounts
31 August 2024
Cameron Jones Financial Management Ltd
Registered number: 07749774
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 340,881 300,078
Tangible assets 4 5,724 4,950
346,605 305,028
Current assets
Stocks 250 250
Debtors 5 16,755 20,382
Cash at bank and in hand 25,414 7,935
42,419 28,567
Creditors: amounts falling due within one year 6 (80,941) (62,974)
Net current liabilities (38,522) (34,407)
Total assets less current liabilities 308,083 270,621
Creditors: amounts falling due after more than one year 7 (260,035) (227,634)
Provisions for liabilities (1,232) (940)
Net assets 46,816 42,047
Capital and reserves
Called up share capital 1 1
Profit and loss account 46,815 42,046
Shareholders' funds 46,816 42,047
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs F E Bolt
Director
Approved by the board on 14 March 2025
Cameron Jones Financial Management Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling with is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 369,885
Additions 85,878
At 31 August 2024 455,763
Amortisation
At 1 September 2023 69,807
Provided during the year 45,075
At 31 August 2024 114,882
Net book value
At 31 August 2024 340,881
At 31 August 2023 300,078
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 8,940 38,247 47,187
Additions 1,674 2,731 4,405
At 31 August 2024 10,614 40,978 51,592
Depreciation
At 1 September 2023 8,940 33,297 42,237
Charge for the year - 3,631 3,631
At 31 August 2024 8,940 36,928 45,868
Net book value
At 31 August 2024 1,674 4,050 5,724
At 31 August 2023 - 4,950 4,950
5 Debtors 2024 2023
£ £
Other debtors 16,755 20,382
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 39,957 33,196
Trade creditors 536 486
Taxation and social security costs 17,008 14,015
Other creditors 23,440 15,277
80,941 62,974
7 Creditors: amounts falling due after one year 2024 2023
£ £
SJP Loan 260,035 227,634
8 Other information
Cameron Jones Financial Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Pilot Wharf
Pierhead
Exmouth
Devon
EX8 1XA
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