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Company Registration No. 7598261 (England and Wales)
JAM CRACKERS LTD Unaudited accounts for the year ended 31 March 2025
JAM CRACKERS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
JAM CRACKERS LTD Company Information for the year ended 31 March 2025
Directors
R C Latimer J P Raymen
Company Number
7598261 (England and Wales)
Registered Office
Clipper House 2nd Floor Billington Road Leighton Buzzard Bedfordshire LU7 4AJ England
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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JAM CRACKERS LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
56,064
48,138
Current assets
Inventories
25,000
15,000
Debtors
6
75,959
48,380
Cash at bank and in hand
32
6,938
100,991
70,318
Creditors: amounts falling due within one year
7
(91,222)
(48,648)
Net current assets
9,769
21,670
Total assets less current liabilities
65,833
69,808
Creditors: amounts falling due after more than one year
8
(50,182)
(59,724)
Provisions for liabilities
Deferred tax
(14,016)
(9,147)
Net assets
1,635
937
Capital and reserves
Called up share capital
400
400
Profit and loss account
1,235
537
Shareholders' funds
1,635
937
For the year ending 31 March 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 10 October 2025 and were signed on its behalf by
R C Latimer Director Company Registration No. 7598261
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JAM CRACKERS LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
JAM CRACKERS LTD is a private company, limited by shares, registered in England and Wales, registration number 7598261. The registered office is Clipper House, 2nd Floor, Billington Road, Leighton Buzzard, Bedfordshire, LU7 4AJ, England.
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:
Motor vehicles
33% reducing balance
Fixtures & fittings
33% reducing balance
Computer equipment
33% reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Bank loans are secured by the UK Government under the Corona Virus Business Support Scheme.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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JAM CRACKERS LTD Notes to the Accounts for the year ended 31 March 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
6,881
At 31 March 2025
6,881
Amortisation
At 1 April 2024
6,881
At 31 March 2025
6,881
Net book value
At 31 March 2025
-
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
61,373
9,684
24,718
95,775
Additions
-
4,195
30,000
34,195
At 31 March 2025
61,373
13,879
54,718
129,970
Depreciation
At 1 April 2024
31,552
8,373
7,712
47,637
Charge for the year
9,841
781
15,647
26,269
At 31 March 2025
41,393
9,154
23,359
73,906
Net book value
At 31 March 2025
19,980
4,725
31,359
56,064
At 31 March 2024
29,821
1,311
17,006
48,138
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
53,071
36,331
Accrued income and prepayments
3,360
-
Other debtors
19,528
12,049
75,959
48,380
- 6 -
JAM CRACKERS LTD Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,153
6,000
VAT
17,390
15,634
Obligations under finance leases and hire purchase contracts
8,039
10,696
Trade creditors
5,696
4,507
Taxes and social security
27,680
9,682
Other creditors
23,264
2,129
91,222
48,648
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
24,861
30,000
Obligations under finance leases and hire purchase contracts
25,321
29,724
50,182
59,724
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
R C Latimer
Loan
9,924
44,460
46,559
7,825
J P Raymen
Loan
-
24,622
10,025
14,597
9,924
69,082
56,584
22,422
The loans to the Directors are interest free, repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2024: 5).
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