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Registered number: 07172340
Jam Mill Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 August 2025
Harris Lacey and Swain
Contents
Page
Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07172340
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,938,765 1,876,644
Cash at bank and in hand 1 1
1,938,766 1,876,645
Creditors: Amounts Falling Due Within One Year 5 (45,205 ) (36,947 )
NET CURRENT ASSETS (LIABILITIES) 1,893,561 1,839,698
TOTAL ASSETS LESS CURRENT LIABILITIES 1,893,561 1,839,698
NET ASSETS 1,893,561 1,839,698
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 1,893,560 1,839,697
SHAREHOLDERS' FUNDS 1,893,561 1,839,698
For the year ending 28 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 28 August 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A J Nichols
Director
30/10/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Jam Mill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07172340 . The registered office is Suite 1, The Riverside Building, Livingstone Road, Hessle, East Yorkshire, HU13 0DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company.
The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow
to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.
The company provides services to other organisations, these services are provided on a time and material basis or as a fixed price contract.
2.4. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
Page 2
Page 3
4. Debtors
2025 2024
£ £
Due within one year
Other debtors 1,938,765 1,876,644
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 28,336 16,194
Taxation and social security 16,869 20,753
45,205 36,947
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3