Registered number
14269656
JAM-Product Forge Ltd
Filleted Accounts
31 August 2024
JAM-Product Forge Ltd
Registered number: 14269656
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,926 247
Investments 4 9,450 -
12,376 247
Current assets
Debtors 5 323 6,688
Cash at bank and in hand 20,380 44,192
20,703 50,880
Creditors: amounts falling due within one year 6 (2,440) (12,581)
Net current assets 18,263 38,299
Net assets 30,639 38,546
Capital and reserves
Called up share capital 1 1
Profit and loss account 30,638 38,545
Shareholder's funds 30,639 38,546
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Jorge Martinez
Director
Approved by the board on 14 March 2025
JAM-Product Forge 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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 25% RB
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 329
Additions 3,682
At 31 August 2024 4,011
Depreciation
At 1 September 2023 82
Charge for the year 1,003
At 31 August 2024 1,085
Net book value
At 31 August 2024 2,926
At 31 August 2023 247
4 Investments
Other
investments
£
Cost
Additions 9,450
At 31 August 2024 9,450
5 Debtors 2024 2023
£ £
Trade debtors - 6,687
Other debtors 323 1
323 6,688
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,492 11,633
Other creditors 948 948
2,440 12,581
7 Other information
JAM-Product Forge Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Sargent Gardens
Nottingham
Nottinghamshire
NG3 2HU
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