Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseOther business support services45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09352517 2024-01-01 2024-12-31 09352517 2023-01-01 2023-12-31 09352517 2024-12-31 09352517 2023-12-31 09352517 2023-01-01 09352517 c:Director1 2024-01-01 2024-12-31 09352517 d:OfficeEquipment 2024-01-01 2024-12-31 09352517 d:OfficeEquipment 2024-12-31 09352517 d:OfficeEquipment 2023-12-31 09352517 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09352517 d:ComputerEquipment 2024-01-01 2024-12-31 09352517 d:ComputerEquipment 2024-12-31 09352517 d:ComputerEquipment 2023-12-31 09352517 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09352517 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09352517 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 09352517 d:CurrentFinancialInstruments 2024-12-31 09352517 d:CurrentFinancialInstruments 2023-12-31 09352517 d:Non-currentFinancialInstruments 2024-12-31 09352517 d:Non-currentFinancialInstruments 2023-12-31 09352517 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09352517 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09352517 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09352517 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09352517 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09352517 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09352517 d:ShareCapital 2024-01-01 2024-12-31 09352517 d:ShareCapital 2024-12-31 09352517 d:ShareCapital 2023-12-31 09352517 d:ShareCapital 2023-01-01 09352517 d:SharePremium 2024-01-01 2024-12-31 09352517 d:SharePremium 2024-12-31 09352517 d:SharePremium 2023-12-31 09352517 d:SharePremium 2023-01-01 09352517 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09352517 d:RetainedEarningsAccumulatedLosses 2024-12-31 09352517 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09352517 d:RetainedEarningsAccumulatedLosses 2023-12-31 09352517 d:RetainedEarningsAccumulatedLosses 2023-01-01 09352517 c:FRS102 2024-01-01 2024-12-31 09352517 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09352517 c:FullAccounts 2024-01-01 2024-12-31 09352517 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09352517 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2024-01-01 2024-12-31 09352517 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09352517










JAM START LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
JAM START LTD
REGISTERED NUMBER: 09352517

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
46,224
-

Tangible assets
 5 
224
2,907

  
46,448
2,907

Current assets
  

Debtors: amounts falling due within one year
 6 
32,654
9,546

Cash at bank and in hand
  
305,383
289,970

  
338,037
299,516

Creditors: amounts falling due within one year
 7 
(918,335)
(560,373)

Net current liabilities
  
 
 
(580,298)
 
 
(260,857)

Total assets less current liabilities
  
(533,850)
(257,950)

Creditors: amounts falling due after more than one year
 8 
-
(14,167)

  

Net liabilities
  
(533,850)
(272,117)


Capital and reserves
  

Called up share capital 
  
46,101
44,259

Share premium account
  
710,259
710,259

Profit and loss account
  
(1,290,210)
(1,026,635)

  
(533,850)
(272,117)

Page 1

 
JAM START LTD
REGISTERED NUMBER: 09352517
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Aftanas
Director

Date: 24 April 2025

The notes on pages 4 to 11 form part of these financial statements.
Page 2

 
JAM START LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
44,259
710,259
(318,900)
435,618


Comprehensive income for the year

Loss for the year
-
-
(707,735)
(707,735)



At 1 January 2024
44,259
710,259
(1,026,635)
(272,117)


Comprehensive income for the year

Loss for the year
-
-
(263,575)
(263,575)

Shares issued during the year
1,842
-
-
1,842


At 31 December 2024
46,101
710,259
(1,290,210)
(533,850)


The notes on pages 4 to 11 form part of these financial statements.
Page 3

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Jam Start Limited is a private company limited by shares and incorporated in England & Wales (09352517). The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 4

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
2 years
Computer equipment
-
2 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 6

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
 
Page 7

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Intangible assets




Development expenditure

£



Cost


Additions - internal
46,224



At 31 December 2024

46,224






Net book value



At 31 December 2024
46,224



Page 8

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost


At 1 January 2024
92
4,385
4,477


Disposals
(92)
(2,593)
(2,685)



At 31 December 2024

-
1,792
1,792



Depreciation


At 1 January 2024
31
1,539
1,570


Charge for the year on owned assets
-
711
711


Disposals
(31)
(682)
(713)



At 31 December 2024

-
1,568
1,568



Net book value



At 31 December 2024
-
224
224



At 31 December 2023
61
2,846
2,907


6.


Debtors

2024
2023
£
£


Trade debtors
5,090
-

Other debtors
22,163
9,546

Prepayments and accrued income
5,401
-

32,654
9,546


Page 9

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
10,000

Trade creditors
45,294
29,559

Amounts owed to connected companies
199,387
-

Other taxation and social security
6,162
10,673

Other creditors
68
501

Accruals and deferred income
667,424
509,640

918,335
560,373



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
14,167



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
10,000

Amounts falling due 1-2 years

Bank loans
-
14,167



-
24,167



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,587 (2023 - £1,603). Contributions totalling £68 (2023 - £427) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
JAM START LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Related party transactions

Included within other creditors is £199,387 due to a company under common control. This is interest free and repayable on demand.

 
Page 11