REGISTERED NUMBER: 07722220 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J-ME ORIGINAL DESIGN LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

344,458

378,898

Tangible assets

5

3,467

4,179

347,925

383,077

CURRENT ASSETS

Stocks

6

-

903

Debtors

7

-

642

Cash at bank and in hand

3,592

5,979

3,592

7,524

CREDITORS

Amounts falling due within one year

8

10,294

10,077

NET CURRENT LIABILITIES

(6,702

)

(2,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

341,223

380,524

CREDITORS

Amounts falling due after more than one year

9

(9,097

)

(9,097

)

PROVISIONS FOR LIABILITIES

(430

)

(515

)

NET ASSETS

331,696

370,912

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

330,696

369,912

SHAREHOLDERS' FUNDS

331,696

370,912

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

M Antoniades - Director

1.	STATUTORY INFORMATION

J-Me Original Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07722220

Registered office:

368 Forest Road

London

E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

688,818

AMORTISATION

At 1 January 2024

309,920

Amortisation for year

34,440

At 31 December 2024

344,360

NET BOOK VALUE

At 31 December 2024

344,458

At 31 December 2023

378,898

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

105,688

22,298

9,587

137,573

DEPRECIATION

At 1 January 2024

105,688

18,976

8,730

133,394

Charge for year

-

498

214

712

At 31 December 2024

105,688

19,474

8,944

134,106

NET BOOK VALUE

At 31 December 2024

-

2,824

643

3,467

At 31 December 2023

-

3,322

857

4,179

6.

STOCKS

2024

2023

£

£

Stocks

-

903

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

642

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,080

1,348

Taxation and social security

(181

)

123

Other creditors

9,395

8,606

10,294

10,077

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

9,097

9,097

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits given to the company by the directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M Antoniades

Balance outstanding at start of year

(8,787

)

(8,217

)

Amounts advanced

(294

)

-

Amounts repaid

-

(570

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,081

)

(8,787

)

J Antoniades

Balance outstanding at start of year

(9,116

)

(8,546

)

Amounts advanced

(294

)

-

Amounts repaid

-

(570

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,410

)

(9,116

)

12.	RELATED PARTY DISCLOSURES

The controlling party is Mr J Antoniades and Mr M Antoniades.