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REGISTERED NUMBER: 08366254 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

JMP STORES LIMITED

JMP STORES LIMITED (REGISTERED NUMBER: 08366254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMP STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: A S Bilbie





REGISTERED OFFICE: 2 Brick Barns
Great Leighs
Chelmsford
Essex
CM3 1JL





REGISTERED NUMBER: 08366254 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

JMP STORES LIMITED (REGISTERED NUMBER: 08366254)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,035 92,513

CURRENT ASSETS
Stocks 625,642 96,085
Debtors 5 124,488 305,654
Cash at bank 81,790 652,046
831,920 1,053,785
CREDITORS
Amounts falling due within one year 6 153,634 476,199
NET CURRENT ASSETS 678,286 577,586
TOTAL ASSETS LESS CURRENT LIABILITIES 899,321 670,099

CREDITORS
Amounts falling due after more than one
year

7

(120,825

)

(25,803

)

PROVISIONS FOR LIABILITIES (36,764 ) (13,799 )
NET ASSETS 741,732 630,497

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 741,632 630,397
SHAREHOLDERS' FUNDS 741,732 630,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JMP STORES LIMITED (REGISTERED NUMBER: 08366254)

BALANCE SHEET - continued
31 JANUARY 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 August 2022 and were signed by:





A S Bilbie - Director


JMP STORES LIMITED (REGISTERED NUMBER: 08366254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

JMP Stores Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Equipment - at varying rates on cost
Motor vehicles - 20% on cost
Website - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 3 ) .

JMP STORES LIMITED (REGISTERED NUMBER: 08366254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Short Motor
leasehold Equipment vehicles Website Totals
£    £    £    £    £   
COST
At 1 February 2021 - 22,417 128,517 6,772 157,706
Additions 29,525 13,935 185,441 3,000 231,901
Disposals - - (84,524 ) - (84,524 )
At 31 January 2022 29,525 36,352 229,434 9,772 305,083
DEPRECIATION
At 1 February 2021 - 5,729 53,471 5,993 65,193
Charge for year 5,905 7,265 39,673 1,401 54,244
Eliminated on disposal - - (35,389 ) - (35,389 )
At 31 January 2022 5,905 12,994 57,755 7,394 84,048
NET BOOK VALUE
At 31 January 2022 23,620 23,358 171,679 2,378 221,035
At 31 January 2021 - 16,688 75,046 779 92,513

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 February 2021 - 59,985 59,985
Additions 9,500 155,831 165,331
Transfer to ownership - (22,438 ) (22,438 )
At 31 January 2022 9,500 193,378 202,878
DEPRECIATION
At 1 February 2021 - 17,628 17,628
Charge for year 1,900 35,202 37,102
Transfer to ownership - (13,247 ) (13,247 )
At 31 January 2022 1,900 39,583 41,483
NET BOOK VALUE
At 31 January 2022 7,600 153,795 161,395
At 31 January 2021 - 42,357 42,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 101,838 297,154
Other debtors 22,650 8,500
124,488 305,654

JMP STORES LIMITED (REGISTERED NUMBER: 08366254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 16,862 10,668
Trade creditors 66,380 136,853
Taxation and social security 64,982 325,317
Other creditors 5,410 3,361
153,634 476,199

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 120,825 25,803

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 16,862 10,668
Between one and five years 120,825 25,803
137,687 36,471

Non-cancellable operating leases
2022 2021
£    £   
Within one year 2,505 3,758
Between one and five years - 2,505
2,505 6,263

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 137,687 36,471

JMP STORES LIMITED (REGISTERED NUMBER: 08366254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 were paid to the directors .

Telstar Logistics Limited - company number 13124884 - Mr A S Bilbie 50% shareholding & director

Total outstanding from Telstar Logistics Limited at 31/01/2022: £22,650 (2021: £Nil)