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REGISTERED NUMBER: 01612402 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J.A.M. LIMITED

J.A.M. LIMITED (REGISTERED NUMBER: 01612402)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.A.M. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G J Cole
S M Goodacre
V A Cole





REGISTERED OFFICE: 39 Brook Road
Rayleigh
Essex
SS6 7XJ





REGISTERED NUMBER: 01612402 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

J.A.M. LIMITED (REGISTERED NUMBER: 01612402)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 662,157 663,462

CURRENT ASSETS
Stocks 94,030 130,179
Debtors 5 95,473 119,337
Cash at bank and in hand 336,273 266,087
525,776 515,603
CREDITORS
Amounts falling due within one year 6 115,856 103,805
NET CURRENT ASSETS 409,920 411,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,072,077

1,075,260

CREDITORS
Amounts falling due after more than one
year

7

-

(17,250

)

PROVISIONS FOR LIABILITIES (104,951 ) (104,951 )
NET ASSETS 967,126 953,059

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Revaluation reserve 9 419,803 419,803
Retained earnings 9 531,323 517,256
SHAREHOLDERS' FUNDS 967,126 953,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J.A.M. LIMITED (REGISTERED NUMBER: 01612402)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





G J Cole - Director


J.A.M. LIMITED (REGISTERED NUMBER: 01612402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

J.A.M. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

No provision has been made for the depreciation of the Freehold Property. This treatment was considered appropriate as the property's value is in excess of the cost price and will be maintained to it's current standard.
The directors acknowledge that this represents a departure from Financial Reporting Standard 15.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


J.A.M. LIMITED (REGISTERED NUMBER: 01612402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 650,000 90,393 16,990 757,383
Additions - 1,683 - 1,683
At 31 December 2024 650,000 92,076 16,990 759,066
DEPRECIATION
At 1 January 2024 - 84,099 9,822 93,921
Charge for year - 1,196 1,792 2,988
At 31 December 2024 - 85,295 11,614 96,909
NET BOOK VALUE
At 31 December 2024 650,000 6,781 5,376 662,157
At 31 December 2023 650,000 6,294 7,168 663,462

Cost or valuation at 31 December 2024 is represented by:

Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
Valuation in 2020 169,803 - - 169,803
Valuation in 2021 50,000 - - 50,000
Valuation in 2022 150,000 - - 150,000
Valuation in 2023 50,000 - - 50,000
Cost 230,197 92,076 16,990 339,263
650,000 92,076 16,990 759,066

J.A.M. LIMITED (REGISTERED NUMBER: 01612402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 230,197 230,197

Freehold property was valued on an open market basis on 31 December 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,621 110,334
Prepayments 9,852 9,003
95,473 119,337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,000
Trade creditors 36,631 28,960
Tax 29,234 17,878
Social security and other taxes 8,101 6,354
VAT 3,505 6,058
Directors' current accounts 32,234 29,533
Accrued expenses 6,151 6,022
115,856 103,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan - 17,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - 17,250

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,572 6,171
Between one and five years - 2,572
2,572 8,743

J.A.M. LIMITED (REGISTERED NUMBER: 01612402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 517,256 419,803 937,059
Profit for the year 98,067 98,067
Dividends (84,000 ) (84,000 )
At 31 December 2024 531,323 419,803 951,126