4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 34,858 2,912 37,770 18,971 9,442 28,413 9,357 15,887 xbrli:pure xbrli:shares iso4217:GBP 12939250 2023-11-01 2024-10-31 12939250 2024-10-31 12939250 2023-10-31 12939250 2022-11-01 2023-10-31 12939250 2023-10-31 12939250 2022-10-31 12939250 bus:Director1 2023-11-01 2024-10-31 12939250 core:WithinOneYear 2024-10-31 12939250 core:WithinOneYear 2023-10-31 12939250 core:ShareCapital 2024-10-31 12939250 core:ShareCapital 2023-10-31 12939250 core:RetainedEarningsAccumulatedLosses 2024-10-31 12939250 core:RetainedEarningsAccumulatedLosses 2023-10-31 12939250 bus:SmallEntities 2023-11-01 2024-10-31 12939250 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12939250 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12939250 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12939250 bus:FullAccounts 2023-11-01 2024-10-31 12939250 core:ComputerEquipment 2023-11-01 2024-10-31 12939250 core:ComputerEquipment 2023-10-31 12939250 core:ComputerEquipment 2024-10-31
COMPANY REGISTRATION NUMBER: 12939250
JIM CLUB LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
JIM CLUB LTD
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
9,357
15,887
CURRENT ASSETS
Debtors
6
229
Cash at bank and in hand
12,536
17,645
--------
--------
12,765
17,645
CREDITORS: amounts falling due within one year
7
41,227
43,889
--------
--------
NET CURRENT LIABILITIES
28,462
26,244
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 19,105)
( 10,357)
--------
--------
NET LIABILITIES
( 19,105)
( 10,357)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
3
3
Profit and loss account
( 19,108)
( 10,360)
--------
--------
SHAREHOLDERS DEFICIT
( 19,105)
( 10,357)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JIM CLUB LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:
Mr M F Pozerskis
Director
Company registration number: 12939250
JIM CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 November 2023
34,858
Additions
2,912
--------
At 31 October 2024
37,770
--------
Depreciation
At 1 November 2023
18,971
Charge for the year
9,442
--------
At 31 October 2024
28,413
--------
Carrying amount
At 31 October 2024
9,357
--------
At 31 October 2023
15,887
--------
6. DEBTORS
2024
2023
£
£
Other debtors
229
----
----
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
17,850
13,818
Social security and other taxes
2,337
Other creditors
21,040
30,071
--------
--------
41,227
43,889
--------
--------
8. GOING CONCERN
The directors have considered the period to April 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.