Jamform Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06373096

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		77,198		77,995
Investments	6		1,050,000		1,050,000

			1,127,198		1,127,995
CURRENT ASSETS
Stocks	7	49,371		46,120
Debtors	8	809,087		682,546
Cash at bank and in hand		39,192		169,085

		897,650		897,751
Creditors: Amounts Falling Due Within One Year	9	(521,059 )		(533,134 )

NET CURRENT ASSETS (LIABILITIES)			376,591		364,617

TOTAL ASSETS LESS CURRENT LIABILITIES			1,503,789		1,492,612

Creditors: Amounts Falling Due After More Than One Year	10		(416,475 )		(439,575 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(433 )		(128 )

NET ASSETS			1,086,881		1,052,909

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			1,086,781		1,052,809

SHAREHOLDERS' FUNDS			1,086,881		1,052,909

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Jamform Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Adam Jenkins Director	Mr David Williams Director
28/03/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Jamform Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06373096 . The registered office is Celtic House, Caxton Place, Pentwyn, Cardiff, CF23 8HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Plant & Machinery	25% Reducing Balance Basis
Motor Vehicles	25% Reducing Balance Basis
Computer Equipment	33% Straight Line Method

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Jamform Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2023: 17)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2023	80,000

As at 30 September 2024	80,000

Amortisation
As at 1 October 2023	80,000

As at 30 September 2024	80,000

Net Book Value
As at 30 September 2024	-

As at 1 October 2023	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	75,446	130,598	4,550	5,388	215,982
Additions	-	-	-	400	400

As at 30 September 2024	75,446	130,598	4,550	5,788	216,382

Depreciation
As at 1 October 2023	-	129,024	4,294	4,669	137,987
Provided during the period	-	394	64	739	1,197

As at 30 September 2024	-	129,418	4,358	5,408	139,184

...CONTINUED

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Jamform Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Net Book Value
As at 30 September 2024	75,446	1,180	192	380	77,198

As at 1 October 2023	75,446	1,574	256	719	77,995

6. Investments

	Other
	£
Cost
As at 1 October 2023	1,050,000

As at 30 September 2024	1,050,000

Provision
As at 1 October 2023	-

As at 30 September 2024	-

Net Book Value
As at 30 September 2024	1,050,000

As at 1 October 2023	1,050,000

The company owns 66.67% of the share capital of D.R. Cecil Jones & Son Limited (00816191) which is registered in England & Wales. Their registered office is Celtic House, Caxton Place, Pentwyn, Cardiff CF23 8HA.

7. Stocks

	2024	2023
	£	£
Stock	49,371	46,120

8. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	-	1,595
Other debtors	290,351	305,351
Other Loan	11,750	3,000
NHS Debtor	472,134	296,385
VAT	34,852	16,960
Amounts owed by group undertakings	-	59,255

	809,087	682,546

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Jamform Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	194,724	199,446
Bank loans and overdrafts	34,850	34,850
Corporation tax	36,733	37,866
Other taxes and social security	2,704	2,674
Other creditors	132,301	113,885
Accrued expenses	3,260	2,057
Directors' loan accounts	116,487	140,152
Amounts owed to related parties	-	2,204

	521,059	533,134

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	416,475	439,575

Of this balance, £277,076 is due in more than five years (2023: £300,176).

11. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

12. Related Party Transactions

The Directors

During the year the directors used the company current account to record amounts due to them and drawn by them. At the year end, the balance owed to the directors was £116,487 (2023: £140,152).

During the year, the company paid dividends totalling £140,000 to the directors and relating shareholders (2023: £140,000).

D.R. Cecil Jones & Son Limited

The company owns 66.6% of the share capital in D.R. Cecil Jones & Son Limited. During the year, the company received dividends from them totalling £62,781 (2023: £nil). The balance owed to the company at the year end was £nil (2023: £59,255).

13. Ultimate Controlling Party

The company is jointly controlled by A Jenkins, TJ Jenkins, DJ Williams & H Williams.

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