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Registered number: 13350133
The Jam Hospitality Co Ltd
Financial Statements
For The Year Ended 30 April 2025
Charles & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13350133
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,500 22,500
Tangible Assets 5 33,277 11,382
52,777 33,882
CURRENT ASSETS
Stocks 6 3,220 2,620
Debtors 7 792 650
Cash at bank and in hand 44,845 48,302
48,857 51,572
Creditors: Amounts Falling Due Within One Year 8 (63,759 ) (67,013 )
NET CURRENT ASSETS (LIABILITIES) (14,902 ) (15,441 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,875 18,441
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,323 ) -
NET ASSETS 31,552 18,441
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 31,452 18,341
SHAREHOLDERS' FUNDS 31,552 18,441
Page 1
Page 2
For the year ending 30 April 2025 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 Angelo Gabrilatsou
Director
10/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Jam Hospitality Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13350133 . The registered office is Suite 15 Highfield House, 185 Chorley New Road, Bolton, BL1 4QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 15% on reducing balance basis
Fixtures & Fittings 15% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 30,000
As at 30 April 2025 30,000
Amortisation
As at 1 May 2024 7,500
Provided during the period 3,000
As at 30 April 2025 10,500
Net Book Value
As at 30 April 2025 19,500
As at 1 May 2024 22,500
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2024 - 17,060 17,060
Additions 27,767 - 27,767
As at 30 April 2025 27,767 17,060 44,827
Depreciation
As at 1 May 2024 - 5,678 5,678
Provided during the period 4,165 1,707 5,872
As at 30 April 2025 4,165 7,385 11,550
Net Book Value
As at 30 April 2025 23,602 9,675 33,277
As at 1 May 2024 - 11,382 11,382
6. Stocks
2025 2024
£ £
Materials 3,220 2,620
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 792 650
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 360 2,895
Other taxes and social security - 170
VAT 7,836 7,073
Other creditors 8 76
Accruals and deferred income 2,650 2,650
Director's loan account 52,905 54,149
63,759 67,013
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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