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Registered number: 05982045
Jambo Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05982045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 332,143 264,923
332,143 264,923
CURRENT ASSETS
Debtors 5 2,347,209 4,065,254
Cash at bank and in hand 11,083 10,467
2,358,292 4,075,721
Creditors: Amounts Falling Due Within One Year 6 (2,292,340 ) (4,048,440 )
NET CURRENT ASSETS (LIABILITIES) 65,952 27,281
TOTAL ASSETS LESS CURRENT LIABILITIES 398,095 292,204
Creditors: Amounts Falling Due After More Than One Year 7 (312,560 ) (235,656 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (63,398 ) (34,487 )
NET ASSETS 22,137 22,061
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 22,135 22,059
SHAREHOLDERS' FUNDS 22,137 22,061
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Tillett
Director
24/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jambo Limited is a 100% subsidary of Tosi Limited, a company incorporated in England & Wales, Tosi Limited's registered office address is 1st Floor Courtleigh House, 74-75 Lemon Street, Truro, Cornwall TR1 2PN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The preparation of financial statements use British Pounds Sterling as the presentation currency, and are rounded to the nearest £1 throughout. 
The following principal accounting policies have been applied:
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 30% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Other Fixed assets - 100% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The compay only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2023: 34)
39 34
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 182,838 194,476 301,843 19,125
Additions - 16,862 133,539 -
As at 30 June 2024 182,838 211,338 435,382 19,125
Depreciation
As at 1 July 2023 182,838 168,112 81,028 19,125
Provided during the period - 8,913 102,060 -
As at 30 June 2024 182,838 177,025 183,088 19,125
Net Book Value
As at 30 June 2024 - 34,313 252,294 -
As at 1 July 2023 - 26,364 220,815 -
Computer Equipment Total
£ £
Cost
As at 1 July 2023 431,155 1,129,437
Additions 41,036 191,437
As at 30 June 2024 472,191 1,320,874
Depreciation
As at 1 July 2023 413,411 864,514
Provided during the period 13,244 124,217
As at 30 June 2024 426,655 988,731
...CONTINUED
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Page 5
Net Book Value
As at 30 June 2024 45,536 332,143
As at 1 July 2023 17,744 264,923
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 713,692 1,257,701
Prepayments and accrued income 497,606 392,997
Jambo Property - 897,834
Sundry debtors 291,570 -
Deferred tax current asset 17,679 -
Director's loan account 491,144 76,532
Amounts owed by associates 335,518 1,440,190
2,347,209 4,065,254
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 59,002 126,442
Trade creditors 662,944 750,519
Bank loans and overdrafts 102,836 284,759
Corporation tax 60,070 88,709
Other taxes and social security 543,208 375,155
VAT 416,836 379,586
Net wages 115,707 100,424
Pensions Payable 13,124 12,672
Sundry creditors 251,630 587,820
Accruals and deferred income - 177,187
Amounts owed to associates 66,983 1,165,167
2,292,340 4,048,440
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 69,260 85,656
Accruals and deferred income 243,300 -
Amounts owed to associates - 150,000
312,560 235,656
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 59,002 126,442
Later than one year and not later than five years 69,260 85,656
128,262 212,098
128,262 212,098
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 59,002 54,577
Later than one year and not later than five years 69,259 77,317
128,261 131,894
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 240,000
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 
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