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REGISTERED NUMBER: 09154678 (England and Wales)















J M INTERIORS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






J M INTERIORS (UK) LIMITED (REGISTERED NUMBER: 09154678)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M INTERIORS (UK) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: J E Mundy
Mrs J L McDonald
J B Mundy
Mrs C A Mundy





REGISTERED OFFICE: Park Farm
Frittenden Road
Biddenden
Ashford
Kent
TN27 8LJ





REGISTERED NUMBER: 09154678 (England and Wales)





ACCOUNTANTS: Busbys
Chartered Accountants
Unit 7
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
TN30 7LZ

J M INTERIORS (UK) LIMITED (REGISTERED NUMBER: 09154678)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,854 8,957
13,854 8,957

CURRENT ASSETS
Stocks 37,571 29,764
Debtors 6 9,151 33,145
Cash at bank 600,274 565,085
646,996 627,994
CREDITORS
Amounts falling due within one year 7 144,573 133,394
NET CURRENT ASSETS 502,423 494,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,277

503,557

PROVISIONS FOR LIABILITIES 2,347 667
NET ASSETS 513,930 502,890

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 513,780 502,740
SHAREHOLDERS' FUNDS 513,930 502,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J M INTERIORS (UK) LIMITED (REGISTERED NUMBER: 09154678)

BALANCE SHEET - continued
31 March 2023


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 Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:




J E Mundy - Director



Mrs J L McDonald - Director


J M INTERIORS (UK) LIMITED (REGISTERED NUMBER: 09154678)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

J M Interiors (UK) 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 represents net sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was being amortised evenly over its estimated useful life of five years and was fully amortised by 31 March 2020.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Showroom display - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

J M INTERIORS (UK) LIMITED (REGISTERED NUMBER: 09154678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 16,500
AMORTISATION
At 1 April 2022
and 31 March 2023 16,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Showroom Motor
machinery display vehicles Totals
£    £    £    £   
COST
At 1 April 2022 52,134 8,336 14,995 75,465
Additions 2,747 8,834 - 11,581
At 31 March 2023 54,881 17,170 14,995 87,046
DEPRECIATION
At 1 April 2022 47,520 5,744 13,244 66,508
Charge for year 3,379 2,867 438 6,684
At 31 March 2023 50,899 8,611 13,682 73,192
NET BOOK VALUE
At 31 March 2023 3,982 8,559 1,313 13,854
At 31 March 2022 4,614 2,592 1,751 8,957

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 7,797 31,643
Other debtors 1,354 1,502
9,151 33,145

J M INTERIORS (UK) LIMITED (REGISTERED NUMBER: 09154678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 18,629 23,240
Taxation and social security 50,515 41,161
Other creditors 75,429 68,993
144,573 133,394

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
150 Ordinary £1 150 150

9. RELATED PARTY DISCLOSURES

Other creditors includes a loan from the directors of £1,872 (2022 : £1,248).