Jamb Joinery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15767175

JAMB JOINERY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

JAMB JOINERY LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	31 Dec 24
Note	£	£

FIXED ASSETS

Tangible assets	5		65,214

CURRENT ASSETS

Stocks		15,000
Debtors	6	226,175
Cash at bank and in hand		5,605
		---------
		246,780

CREDITORS: amounts falling due within one year	7	183,071
		---------
NET CURRENT ASSETS			63,709
			---------
TOTAL ASSETS LESS CURRENT LIABILITIES			128,923

CREDITORS: amounts falling due after more than one year	8		54,497

PROVISIONS		16,304
		---------
NET ASSETS		58,122
		---------

CAPITAL AND RESERVES

Called up share capital fully paid		100
Profit and loss account		58,022
		--------
SHAREHOLDERS FUNDS		58,122
		--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JAMB JOINERY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr B Wilson

Director

Company registration number: 15767175

JAMB JOINERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 7 JUNE 2024 TO 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 High Street, St Martins, Stamford, Lincolnshire, PE9 2LG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Motor vehicles	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 7 .

5. TANGIBLE ASSETS

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 7 June 2024	–	–	–
Additions	31,750	38,358	70,108
	--------	--------	--------
At 31 December 2024	31,750	38,358	70,108
	--------	--------	--------
Depreciation
At 7 June 2024	–	–	–
Charge for the period	1,058	3,836	4,894
	--------	--------	--------
At 31 December 2024	1,058	3,836	4,894
	--------	--------	--------
Carrying amount
At 31 December 2024	30,692	34,522	65,214
	--------	--------	--------

6. DEBTORS

	31 Dec 24
	£
Trade debtors	101,069
Other debtors	125,106
	---------
	226,175
	---------

7. CREDITORS: amounts falling due within one year

	31 Dec 24
	£
Trade creditors	31,321
Corporation tax	3,853
Social security and other taxes	22,364
Other creditors	125,533
	---------
	183,071
	---------

Included within other creditors are amounts totalling £11,386 (2024 - nil) relating to hire purchase agreements which are secured by the company.

Hire purchase agreements are secured on the assets they relate to.

8. CREDITORS: amounts falling due after more than one year

	31 Dec 24
	£
Other creditors	54,497
	--------

Included within other creditors are amounts totalling £54,497 (2024 - nil) relating to hire purchase agreements which are secured by the company.

Hire purchase agreements are secured on the assets they relate to.