REGISTERED NUMBER: 00588036 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jaco-Sumal Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R M James

REGISTERED OFFICE:

8 Edwards Road

Erdington

Birmingham

West Midlands

B24 9EP

REGISTERED NUMBER:

00588036 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

98,147

101,299

CURRENT ASSETS

Stocks

10,600

23,000

Debtors

5

107,312

77,734

Cash at bank and in hand

85,393

50,623

203,305

151,357

CREDITORS

Amounts falling due within one year

6

80,322

54,974

NET CURRENT ASSETS

122,983

96,383

TOTAL ASSETS LESS CURRENT LIABILITIES

221,130

197,682

CREDITORS

Amounts falling due after more than one year

7

(5,288

)

(15,663

)

PROVISIONS FOR LIABILITIES

(6,668

)

-

NET ASSETS

209,174

182,019

CAPITAL AND RESERVES

Called up share capital

9

135,000

135,000

Revaluation reserve

10

38,042

38,042

Retained earnings

36,132

8,977

SHAREHOLDERS' FUNDS

209,174

182,019

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 director acknowledges his 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 director and authorised for issue on 26 September 2025 and were signed by:

R M James - Director

1.	STATUTORY INFORMATION

Jaco-Sumal 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.

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.

Turnover from the sale of goods is recognised on dispatch of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.

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 balance sheet date.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

144,721

157,772

8,390

18,499

329,382

Additions

-

-

-

5,000

5,000

At 31 December 2024

144,721

157,772

8,390

23,499

334,382

DEPRECIATION

At 1 January 2024

72,448

131,410

8,154

16,071

228,083

Charge for year

2,895

4,230

108

919

8,152

At 31 December 2024

75,343

135,640

8,262

16,990

236,235

NET BOOK VALUE

At 31 December 2024

69,378

22,132

128

6,509

98,147

At 31 December 2023

72,273

26,362

236

2,428

101,299

On transition to FRS 102, the company used the relief available to use a previous GAAP revaluation as deemed cost on an item of property, plant and equipment.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

92,310

65,537

Other debtors

15,002

12,197

107,312

77,734

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,375

10,654

Trade creditors

2,498

33,421

Taxation and social security

30,453

1,762

Other creditors

36,996

9,137

80,322

54,974

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,288

15,663

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

-

535

Bank loans

15,663

25,782

15,663

26,317

Bank loans and overdrafts are secured by way of a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

69,066

Ordinary

£1

69,066

69,066

65,934

Ordinary A

£1

65,934

65,934

135,000

135,000

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

38,042

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R M James

Balance outstanding at start of year

7,194

15,837

Amounts advanced

60,500

41,748

Amounts repaid

(57,695

)

(50,391

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,999

7,194

No interest is paid on the above loan and the loan is repayable in full on demand.