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Company Registration No. 7598261 (England and Wales)
JAM CRACKERS LTD Unaudited accounts for the year ended 31 March 2026
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 2026
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 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
38,962
56,064
Current assets
Inventories
25,000
25,000
Debtors
6
80,070
75,959
Cash at bank and in hand
22,877
32
127,947
100,991
Creditors: amounts falling due within one year
7
(125,863)
(91,222)
Net current assets
2,084
9,769
Total assets less current liabilities
41,046
65,833
Creditors: amounts falling due after more than one year
8
(30,477)
(50,182)
Provisions for liabilities
Deferred tax
(9,739)
(14,016)
Net assets
830
1,635
Capital and reserves
Called up share capital
400
400
Profit and loss account
430
1,235
Shareholders' funds
830
1,635
For the year ending 31 March 2026 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 1 July 2026 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 2026
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 2026
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 2025
6,881
At 31 March 2026
6,881
Amortisation
At 1 April 2025
6,881
At 31 March 2026
6,881
Net book value
At 31 March 2026
-
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
61,373
13,879
54,718
129,970
Additions
-
1,314
698
2,012
At 31 March 2026
61,373
15,193
55,416
131,982
Depreciation
At 1 April 2025
41,393
9,154
23,359
73,906
Charge for the year
6,594
1,894
10,626
19,114
At 31 March 2026
47,987
11,048
33,985
93,020
Net book value
At 31 March 2026
13,386
4,145
21,431
38,962
At 31 March 2025
19,980
4,725
31,359
56,064
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
72,335
53,071
Accrued income and prepayments
4,191
3,360
Other debtors
3,544
19,528
80,070
75,959
- 6 -
JAM CRACKERS LTD Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
9,000
9,153
VAT
5,592
17,390
Obligations under finance leases and hire purchase contracts
22,753
8,039
Trade creditors
29,702
5,696
Taxes and social security
32,598
27,680
Other creditors
24,418
23,264
Accruals
1,800
-
125,863
91,222
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
30,477
24,861
Obligations under finance leases and hire purchase contracts
-
25,321
30,477
50,182
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
R C Latimer
Loan
5,511
87,326
91,744
1,093
J P Raymen
Loan
8,597
38,268
45,772
1,093
14,108
125,594
137,516
2,186
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 (2025: 6).
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