Registered number
07890333
ETJAM Ltd
Filleted Accounts
31 December 2024
ETJAM Ltd
Registered number: 07890333
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 910 2,061
Investments 4 180,000 105,000
180,910 107,061
Current assets
Debtors 5 6,091 96,523
Cash at bank and in hand 47,567 150,773
53,658 247,296
Creditors: amounts falling due within one year 6 (4,217) 6,011
Net current assets 49,441 253,307
Total assets less current liabilities 230,351 360,368
Provisions for liabilities - (515)
Net assets 230,351 359,853
Capital and reserves
Called up share capital 2 2
Profit and loss account 230,349 359,851
Shareholders' funds 230,351 359,853
The directors are 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 directors acknowledge their 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.
Andrew Halliday
Director
Approved by the board on 3 April 2025
ETJAM Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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 33% on cost
Motor Vehicles 25% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 17,156 48,310 65,466
Additions 1,041 - 1,041
At 31 December 2024 18,197 48,310 66,507
Depreciation
At 1 January 2024 15,095 48,310 63,405
Charge for the year 2,192 - 2,192
At 31 December 2024 17,287 48,310 65,597
Net book value
At 31 December 2024 910 - 910
At 31 December 2023 2,061 - 2,061
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2024 60,000 45,000 105,000
Additions 75,000 - 75,000
At 31 December 2024 135,000 45,000 180,000
5 Debtors 2024 2023
£ £
Trade debtors 6,091 2,688
Other debtors - 93,835
6,091 96,523
6 Creditors: amounts falling due within one year 2024 2023
£ £
Credit Card 1,693 1,275
Obligations under finance lease and hire purchase contracts - 4,972
Taxation and social security costs 1,753 (14,361)
Other creditors 771 2,103
4,217 (6,011)
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andrew Halliday 45,926 45,926 -
Jessica Halliday 45,926 45,926 -
91,852 - 91,852 -
8 Controlling party
The controlling parties are Andrew and Jessica Halliday, who hold one ordinary share each.
9 Other information
ETJAM Ltd is a private company limited by shares and incorporated in England. Its registered office is:
38 Woodlands Avenue
Harrogate
HG2 7SJ
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