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Company Registration No. SC655938 (Scotland)
JPM Associates Scotland Ltd. Unaudited accounts for the year ended 28 February 2025
JPM Associates Scotland Ltd. Unaudited accounts Contents
Page
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JPM Associates Scotland Ltd. Company Information for the year ended 28 February 2025
Directors
Domenico D'Agostino John McGuire
Company Number
SC655938 (Scotland)
Registered Office
Unit 8, Harmony Court Loanbank Place Govan G51 3HN United Kingdom
Accountants
Millfield Accountancy Limited 23 Millfield Gardens Erskine Renfrewshire PA8 6JD
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JPM Associates Scotland Ltd. Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,677 
2,495 
Current assets
Inventories
72,701 
74,100 
Debtors
20,965 
17,275 
Cash at bank and in hand
19,162 
5,304 
112,828 
96,679 
Creditors: amounts falling due within one year
(68,739)
(15,814)
Net current assets
44,089 
80,865 
Net assets
47,766 
83,360 
Capital and reserves
Called up share capital
150,000 
150,000 
Profit and loss account
(102,234)
(66,640)
Shareholders' funds
47,766 
83,360 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by
Domenico D'Agostino Director Company Registration No. SC655938
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JPM Associates Scotland Ltd. Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
JPM Associates Scotland Ltd. is a private company, limited by shares, registered in Scotland, registration number SC655938. The registered office is Unit 8, Harmony Court, Loanbank Place, Govan, G51 3HN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
- 
1,069 
2,967 
4,036 
Additions
1,806 
- 
- 
1,806 
At 28 February 2025
1,806 
1,069 
2,967 
5,842 
Depreciation
At 1 March 2024
- 
542 
999 
1,541 
Charge for the year
- 
132 
492 
624 
At 28 February 2025
- 
674 
1,491 
2,165 
Net book value
At 28 February 2025
1,806 
395 
1,476 
3,677 
At 29 February 2024
- 
527 
1,968 
2,495 
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JPM Associates Scotland Ltd. Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,495 
2,044 
Accrued income and prepayments
11,230 
11,171 
Other debtors
3,240 
4,060 
20,965 
17,275 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
356 
47 
Trade creditors
61,590 
6,419 
Taxes and social security
3,978 
6,642 
Loans from directors
2,815 
2,706 
68,739 
15,814 
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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