Company Registration No. 05099539 (England and Wales)
JMP ELECTRICAL SERVICES LIMITED
Unaudited accounts
for the year ended 30 April 2023
JMP ELECTRICAL SERVICES LIMITED
Unaudited accounts
Contents
JMP ELECTRICAL SERVICES LIMITED
Company Information
for the year ended 30 April 2023
Directors
J Perruzza
Mrs S Perruzza
Company Number
05099539 (England and Wales)
Registered Office
12 BORWICK DRIVE
LANCASTER
LANCASHIRE
LA1 2QA
Accountants
Unisolutions Ltd
6-4-3 Alston House
White Cross Industrial Estate
Lancaster
Lancashire
LA1 4XF
JMP ELECTRICAL SERVICES LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
72,597
26,497
Investment property
409,849
409,849
Cash at bank and in hand
51,682
80,646
Creditors: amounts falling due within one year
(110,253)
(105,771)
Net current (liabilities)/assets
(2,615)
6,460
Total assets less current liabilities
479,831
442,806
Creditors: amounts falling due after more than one year
(204,324)
(241,294)
Provisions for liabilities
Deferred tax
(5,097)
(5,097)
Net assets
270,410
196,415
Called up share capital
200
200
Profit and loss account
270,210
196,215
Shareholders' funds
270,410
196,415
For the year ending 30 April 2023 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 27 September 2023 and were signed on its behalf by
J Perruzza
Director
Company Registration No. 05099539
JMP ELECTRICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2023
JMP ELECTRICAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05099539. The registered office is 12 BORWICK DRIVE, LANCASTER, LANCASHIRE, LA1 2QA.
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:
Plant & machinery
33% straight line
Motor vehicles
15% reducing balance
Computer equipment
33% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
JMP ELECTRICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2022
14,923
34,772
49,695
Additions
332
53,704
54,036
At 30 April 2023
15,255
88,476
103,731
At 1 May 2022
13,549
9,649
23,198
Charge for the year
1,483
6,453
7,936
At 30 April 2023
15,032
16,102
31,134
At 30 April 2023
223
72,374
72,597
At 30 April 2022
1,374
25,123
26,497
Fair value at 1 May 2022
409,849
Investment properties are initially recognised at cost but will thereafter be valued at fair value at the balance sheet date. The directors do not anticipate selling the investment in the foreseeable future.
Amounts falling due within one year
Trade debtors
53,760
30,535
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,196
16,196
Obligations under finance leases and hire purchase contracts
14,732
2,139
Taxes and social security
13,447
25,150
Loans from directors
48,844
48,094
JMP ELECTRICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
173,298
230,662
Obligations under finance leases and hire purchase contracts
31,026
10,632
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).