Registration number: 04470518

Jammpac Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 11

Jammpac Ltd

Company Information

Directors

Mrs J Whitwham Mr M Whitwham

Company secretary

Mrs J Whitwham

Registered office

Unit 13 Fireclay Business Park Thornton Bradford BD13 3NW

Accountants

Hargreaves Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jammpac Ltd
for the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jammpac Ltd for the year ended 30 November 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Jammpac Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Jammpac Ltd and state those matters that we have agreed to state to the Board of Directors of Jammpac Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jammpac Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jammpac Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jammpac Ltd. You consider that Jammpac Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jammpac Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

27 November 2025

Jammpac Ltd

(Registration number: 04470518)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	18,436	18,436
Tangible assets	5	322,467	320,186
		340,903	338,622
Current assets
Stocks	6	73,571	63,975
Debtors	7	162,623	163,400
		236,194	227,375
Creditors: Amounts falling due within one year	8	(306,946)	(299,923)
Net current liabilities		(70,752)	(72,548)
Total assets less current liabilities		270,151	266,074
Creditors: Amounts falling due after more than one year	8	(70,161)	(59,198)
Provisions for liabilities		(18,899)	(17,248)
Net assets		181,091	189,628
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		97,262	128,149
Retained earnings		82,829	60,479
Shareholders' funds		181,091	189,628

Jammpac Ltd

(Registration number: 04470518)
Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... Mr M Whitwham Director

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 13
Fireclay Business Park
Thornton
Bradford
BD13 3NW

These financial statements were authorised for issue by the Board on 27 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, based on their estimated residual values, as follows:

Asset class	Depreciation method and rate
Improvements to property	Straight line over 3 years
Plant and machinery	20% on cost and 10% on cost
Fixtures and fittings	10% on cost
Motor vehicles	25% on reducing balance
Computer equipment	25% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 5 (2023 - 6).

4	Intangible assets

	Development costs  £	Total £
Cost or valuation
At 1 December 2023	18,436	18,436
At 30 November 2024	18,436	18,436
Carrying amount
At 30 November 2024	18,436	18,436
At 30 November 2023	18,436	18,436

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2023	9,642	546,053	33,364	589,059
Additions	-	5,827	-	5,827
At 30 November 2024	9,642	551,880	33,364	594,886
Depreciation
At 1 December 2023	9,642	238,812	20,419	268,873
Charge for the year	-	310	3,236	3,546
At 30 November 2024	9,642	239,122	23,655	272,419
Carrying amount
At 30 November 2024	-	312,758	9,709	322,467
At 30 November 2023	-	307,241	12,945	320,186

Revaluation

The fair value of the company's plant and machinery was revalued on 30 November 2018. An independent valuer was not involved.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £199,495 (2023 - £178,226).

6

Stocks

	2024 £	2023 £
Other inventories	73,571	63,975

7

Debtors

	2024 £	2023 £
Trade debtors	146,061	147,925
Prepayments	2,650	355
Other debtors	13,912	15,120
	162,623	163,400

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	89,063	73,786
Trade creditors		150,770	140,222
Taxation and social security		59,365	76,039
Accruals and deferred income		6,433	9,263
Other creditors		1,315	613
		306,946	299,923

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	70,161	59,198

The bank overdraft is secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

Jammpac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,019	16,623
Hire purchase contracts	65,142	42,575
	70,161	59,198

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,648	9,456
Bank overdrafts	52,315	51,230
Hire purchase contracts	26,100	13,100
	89,063	73,786

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

10	Related party transactions

Transactions with directors

2024	At 1 December 2023 £	Advances to director £	Repayments by director £	At 30 November 2024 £
Repayable on demand - interest charged at official rate	10,458	12,956	(14,164)	9,250

2023	At 1 December 2022 £	Advances to director £	Repayments by director £	At 30 November 2023 £
Repayable on demand - interest charged at official rate	24,962	11,790	(26,294)	10,458