Company Registration No. 08036937 (England and Wales)
JAM VEHICLES LIMITED
Unaudited accounts
for the year ended 31 December 2018
JAM VEHICLES LIMITED
Unaudited accounts
Contents
JAM VEHICLES LIMITED
Company Information
for the year ended 31 December 2018
Directors
Cristiano CARLUTTI
Marcin PIATKOWSKI
Martin Michael SPANSKI
Company Number
08036937 (England and Wales)
Registered Office
Kemp House
152-160 City Road
London
EC1V 2NX
Accountants
Salvares JBS Ltd
Niddry Lodge
51 Holland Street
London
London
W8 7JB
JAM VEHICLES LIMITED
Statement of financial position
as at
31 December 2018
Intangible assets
591,141
322,282
Tangible assets
52,129
2,925
Investments
455,003
455,003
Cash at bank and in hand
9,841
32,052
Creditors: amounts falling due within one year
(1,345,417)
(780,421)
Net current liabilities
(1,164,886)
(702,113)
Net (liabilities)/assets
(66,613)
78,097
Called up share capital
28
24
Share premium
1,273,361
545,992
Profit and loss account
(1,340,002)
(467,919)
Shareholders' funds
(66,613)
78,097
For the year ending 31 December 2018 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.
Approved by the Board on 13 January 2020.
Marcin PIATKOWSKI
Director
Company Registration No. 08036937
JAM VEHICLES LIMITED
Notes to the Accounts
for the year ended 31 December 2018
JAM VEHICLES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08036937. The registered office is Kemp House, 152-160 City Road, London, EC1V 2NX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 January 2018
325,703
At 31 December 2018
660,624
Charge for the year
66,062
At 31 December 2018
69,483
At 31 December 2018
591,141
At 31 December 2017
322,282
JAM VEHICLES LIMITED
Notes to the Accounts
for the year ended 31 December 2018
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2018
94,349
Charge for the year
31,135
At 31 December 2018
42,220
At 31 December 2018
52,129
At 31 December 2017
2,925
6
Investments
Subsidiary undertakings
Valuation at 1 January 2018
455,003
Valuation at 31 December 2018
455,003
Accrued income and prepayments
1,627
-
Other debtors
106,430
46,256
9
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
404,246
338,190
Trade creditors
292,665
9,139
Amounts owed to group undertakings and other participating interests
394,542
219,405
Taxes and social security
25,821
9,735
Other creditors
210,436
201,148
JAM VEHICLES LIMITED
Notes to the Accounts
for the year ended 31 December 2018
10
Average number of employees
During the year the average number of employees was 2 (2017: 1).