J.E.M FILMS LIMITED - Filleted accounts

Registered number

07886754

J.E.M FILMS LIMITED

Filleted Accounts

31 March 2025

J.E.M FILMS LIMITED
Registered number:		07886754
Balance Sheet
as at 31 March 2025

Notes			2025			2023
£				£
Fixed assets
Tangible assets	3		1			1

Current assets
Debtors	4	88,437			66,571
Cash at bank and in hand		1			7,496
		88,438			74,067

Creditors: amounts falling due within one year	5	(81,928)			(53,056)

Net current assets			6,510			21,011

Net assets			6,511			21,012

Capital and reserves
Called up share capital			1			1
Profit and loss account			6,510			21,011

Shareholders' funds			6,511			21,012

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J Bernard
Director
Approved by the board on 6 December 2025

J.E.M FILMS LIMITED
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the value of the services rendered, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the project. The stage of completion of a project is measured by the costs incurred for work performed to date of invoice.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery			over 5 years


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 January 2024							2,603
	At 31 March 2025							2,603

	Depreciation
	At 1 January 2024							2,602
	At 31 March 2025							2,602

	Net book value
	At 31 March 2025							1
	At 31 December 2023							1


4	Debtors					2025		2023
£							£

	Other debtors					88,437		66,571


5	Creditors: amounts falling due within one year					2025		2023
£							£

	Bank loans and overdrafts					353		3,585
	Taxation and social security costs					79,594		48,392
	Other creditors					1,981		1,079
						81,928		53,056


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr J Bernard
	[Loan 1]	50,354		97,165		(82,194)		65,325

		50,354		97,165		(82,194)		65,325


7	Controlling party

	The company is controlled by Mr J Bernard, the sole director and shareholder.


8	Other information

	J.E.M FILMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: