Company registration number SC666027 (Scotland)
JSAM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
JSAM LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
JSAM LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,142
5,611
Current assets
Stocks
7,977
4,020
Debtors
5
51,460
48,003
Cash at bank and in hand
23,941
16,112
83,378
68,135
Creditors: amounts falling due within one year
6
(62,611)
(51,331)
Net current assets
20,767
16,804
Total assets less current liabilities
25,909
22,415
Provisions for liabilities
(513)
-
0
Net assets
25,396
22,415
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
25,296
22,315
Total equity
25,396
22,415

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 April 2026
Dr S. Kelly-Barton
Director
Company registration number SC666027 (Scotland)
JSAM LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 September 2023
100
24,248
24,348
Year ended 31 August 2024:
Profit and total comprehensive income
-
3,569
3,569
Dividends
-
(5,502)
(5,502)
Balance at 31 August 2024
100
22,315
22,415
Year ended 31 August 2025:
Profit and total comprehensive income
-
23,481
23,481
Dividends
-
(20,500)
(20,500)
Balance at 31 August 2025
100
25,296
25,396
JSAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

JSAM Limited is a private company limited by shares incorporated in Scotland. The registered office is Inchture Hotel, Main Street, Inchture, Perthshire, Scotland, PH14 9RN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and Machinery
20% Straight Line
Fixtures and fittings
20% Straight Line
Computers
20% Straight Line
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

JSAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

JSAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

JSAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
20
16
4
Tangible fixed assets
Plant and Machinery
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2024
3,734
766
841
3,500
8,841
Additions
-
0
1,265
274
-
0
1,539
At 31 August 2025
3,734
2,031
1,115
3,500
10,380
Depreciation and impairment
At 1 September 2024
1,728
459
168
875
3,230
Depreciation charged in the year
747
382
223
656
2,008
At 31 August 2025
2,475
841
391
1,531
5,238
Carrying amount
At 31 August 2025
1,259
1,190
724
1,969
5,142
At 31 August 2024
2,006
307
673
2,625
5,611
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
51,460
48,003
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
28,685
10,159
Corporation tax
6,197
1,047
Other taxation and social security
10,035
21,365
Other creditors
17,694
18,760
62,611
51,331
2025-08-31 2024-09-01 false false false 29 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Dr S. Kelly-Barton SC666027 2024-09-01 2025-08-31 SC666027 2025-08-31 SC666027 2024-08-31 SC666027 core:PlantMachinery 2025-08-31 SC666027 core:FurnitureFittings 2025-08-31 SC666027 core:ComputerEquipment 2025-08-31 SC666027 core:MotorVehicles 2025-08-31 SC666027 core:PlantMachinery 2024-08-31 SC666027 core:FurnitureFittings 2024-08-31 SC666027 core:ComputerEquipment 2024-08-31 SC666027 core:MotorVehicles 2024-08-31 SC666027 core:WithinOneYear 2025-08-31 SC666027 core:WithinOneYear 2024-08-31 SC666027 core:CurrentFinancialInstruments 2025-08-31 SC666027 core:CurrentFinancialInstruments 2024-08-31 SC666027 core:ShareCapital 2025-08-31 SC666027 core:ShareCapital 2024-08-31 SC666027 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC666027 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC666027 core:ShareCapital 2023-08-31 SC666027 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC666027 bus:Director1 2024-09-01 2025-08-31 SC666027 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 SC666027 2023-09-01 2024-08-31 SC666027 core:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 SC666027 core:PlantMachinery 2024-09-01 2025-08-31 SC666027 core:FurnitureFittings 2024-09-01 2025-08-31 SC666027 core:ComputerEquipment 2024-09-01 2025-08-31 SC666027 core:MotorVehicles 2024-09-01 2025-08-31 SC666027 core:PlantMachinery 2024-08-31 SC666027 core:FurnitureFittings 2024-08-31 SC666027 core:ComputerEquipment 2024-08-31 SC666027 core:MotorVehicles 2024-08-31 SC666027 2024-08-31 SC666027 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 SC666027 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC666027 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC666027 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC666027 bus:FRS102 2024-09-01 2025-08-31 SC666027 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 SC666027 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP