Company Registration No. 08036937 (England and Wales)
JAM VEHICLES LIMITED
Unaudited accounts
for the year ended 31 December 2019
JAM VEHICLES LIMITED
Unaudited accounts
Contents
JAM VEHICLES LIMITED
Company Information
for the year ended 31 December 2019
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 2019
Intangible assets
525,079
591,141
Tangible assets
20,994
52,129
Investments
455,003
455,003
Inventories
62,633
62,633
Cash at bank and in hand
13,294
9,841
Creditors: amounts falling due within one year
(1,457,681)
(1,345,417)
Net current liabilities
(783,736)
(1,164,886)
Net assets/(liabilities)
217,340
(66,613)
Called up share capital
31
28
Share premium
2,165,831
1,273,361
Profit and loss account
(1,948,522)
(1,340,002)
Shareholders' funds
217,340
(66,613)
For the year ending 31 December 2019 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 20 October 2021 and were signed on its behalf by
Marcin PIATKOWSKI
Director
Company Registration No. 08036937
JAM VEHICLES LIMITED
Notes to the Accounts
for the year ended 31 December 2019
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 2019
660,624
At 31 December 2019
660,624
Charge for the year
66,062
At 31 December 2019
135,545
At 31 December 2019
525,079
At 31 December 2018
591,141
JAM VEHICLES LIMITED
Notes to the Accounts
for the year ended 31 December 2019
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2019
94,349
Charge for the year
31,135
At 31 December 2019
73,355
At 31 December 2019
20,994
At 31 December 2018
52,129
6
Investments
Subsidiary undertakings
Valuation at 1 January 2019
455,003
Valuation at 31 December 2019
455,003
7
Debtors: amounts falling due within one year
2019
2018
Amounts due from group undertakings etc.
470,537
-
Accrued income and prepayments
1,627
1,627
Other debtors
106,430
106,430
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
404,246
Trade creditors
389,901
292,665
Amounts owed to group undertakings and other participating interests
668,240
394,542
Taxes and social security
-
25,821
Other creditors
383,033
210,436
9
Average number of employees
During the year the average number of employees was 0 (2018: 2).