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REGISTERED NUMBER: 07385048 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

JCM ASSOCIATES LIMITED

JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JCM ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr C Burbridge
Mrs E Burbridge



REGISTERED OFFICE: 108 Yardley Road
Acocks Green
BIRMINGHAM
West Midlands
B27 6LG



REGISTERED NUMBER: 07385048 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Barclays Bank PLC
201 Stratford Road
Shirley
Solihull
B90 3AT



INCORPORATED: 23rd September 2010

JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79 99

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 18,282 13,865
Cash at bank 14,996 1,890
35,278 17,755
CREDITORS
Amounts falling due within one year 19,505 23,609
NET CURRENT ASSETS/(LIABILITIES) 15,773 (5,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,852

(5,755

)

PROVISIONS FOR LIABILITIES 6 15 -
NET ASSETS/(LIABILITIES) 15,837 (5,755 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 15,737 (5,855 )
SHAREHOLDERS' FUNDS 15,837 (5,755 )

JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17th June 2025 and were signed on its behalf by:





Mr C Burbridge - Director


JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

JCM Associates 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.

Turnover
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Computer equipment - 20% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

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.


JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company contributes into the directors' defined contribution pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

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

Creditors
Short term trade creditors are measured at the transaction price.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 2,151
DEPRECIATION
At 1st October 2023 2,052
Charge for year 20
At 30th September 2024 2,072
NET BOOK VALUE
At 30th September 2024 79
At 30th September 2023 99

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,400 8,400

Total lease payments recognised as an expense during the year were £9,100.

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15 -

Deferred
tax
£   
Provided during the year 15
Balance at 30th September 2024 15

JCM ASSOCIATES LIMITED (REGISTERED NUMBER: 07385048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. PROVISIONS FOR LIABILITIES - continued

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A shares £1 80 80
20 Ordinary B shares £1 20 20
100 100

8. RELATED PARTY DISCLOSURES

At the year end the amount due to the director totalled £2,535. The loan is interest free and repayable on demand.