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Company Registration No. 04188840 (England and Wales)
J.M. REFRIGERATION LIMITED Unaudited accounts for the year ended 31 March 2023
J.M. REFRIGERATION LIMITED Unaudited accounts Contents
Page
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J.M. REFRIGERATION LIMITED Company Information for the year ended 31 March 2023
Director
John P Mason
Company Number
04188840 (England and Wales)
Registered Office
UNIT 3 FARNWORTH INDUSTRIAL ESTATE EMLYN STREET FARNWORTH BOLTON BL4 7AQ
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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J.M. REFRIGERATION LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
217,643 
170,526 
Current assets
Inventories
8,000 
12,000 
Debtors
148,531 
111,607 
Cash at bank and in hand
43,911 
47,469 
200,442 
171,076 
Creditors: amounts falling due within one year
(176,544)
(164,285)
Net current assets
23,898 
6,791 
Total assets less current liabilities
241,541 
177,317 
Creditors: amounts falling due after more than one year
(24,371)
(34,022)
Provisions for liabilities
Deferred tax
(39,856)
(32,309)
Net assets
177,314 
110,986 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
177,312 
110,984 
Shareholders' funds
177,314 
110,986 
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 23 October 2023 and were signed on its behalf by
John P Mason Director Company Registration No. 04188840
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J.M. REFRIGERATION LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
J.M. REFRIGERATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04188840. The registered office is UNIT 3 FARNWORTH INDUSTRIAL ESTATE, EMLYN STREET, FARNWORTH, BOLTON, BL4 7AQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
Nil
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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J.M. REFRIGERATION LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
417,530 
Additions
119,957 
Disposals
(85,484)
At 31 March 2023
452,003 
Depreciation
At 1 April 2022
247,004 
Charge for the year
41,013 
On disposals
(53,657)
At 31 March 2023
234,360 
Net book value
At 31 March 2023
217,643 
At 31 March 2022
170,526 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
1 Ordinary B shares of £1 each
1 
1 
2 
2 
6
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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