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REGISTERED NUMBER: 12622096 (England and Wales)


















J&M Electrobikes Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






J&M Electrobikes Ltd (Registered number: 12622096)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&M Electrobikes Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr M G Drew
Mrs E Drew





REGISTERED OFFICE: Unit 9, Manor Hill Farm
Purton
Swindon
Wiltshire
SN5 4EG





REGISTERED NUMBER: 12622096 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

J&M Electrobikes Ltd (Registered number: 12622096)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,236 11,052

CURRENT ASSETS
Stocks 5 135,538 66,234
Debtors 6 4,818 12,731
Cash at bank 3,981 13,801
144,337 92,766
CREDITORS
Amounts falling due within one year 7 (194,387 ) (92,106 )
NET CURRENT (LIABILITIES)/ASSETS (50,050 ) 660
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,814

)

11,712

CREDITORS
Amounts falling due after more than one
year

8

(23,462

)

(6,356

)
NET (LIABILITIES)/ASSETS (54,276 ) 5,356

CAPITAL AND RESERVES
Called up share capital 9 1,000 999
Share premium 24,750 24,750
Retained earnings (80,026 ) (20,393 )
SHAREHOLDERS' FUNDS (54,276 ) 5,356

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Electrobikes Ltd (Registered number: 12622096)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




Mr M G Drew - Director



Mrs E Drew - Director


J&M Electrobikes Ltd (Registered number: 12622096)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

J&M Electrobikes Ltd 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.
Plant and machinery - 25% on cost
Motor vehicles - 10% on cost
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J&M Electrobikes Ltd (Registered number: 12622096)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 6,819 8,450 - 15,269
Additions 338 11,045 797 12,180
At 31 May 2023 7,157 19,495 797 27,449
DEPRECIATION
At 1 June 2022 2,527 1,690 - 4,217
Charge for year 1,780 1,950 266 3,996
At 31 May 2023 4,307 3,640 266 8,213
NET BOOK VALUE
At 31 May 2023 2,850 15,855 531 19,236
At 31 May 2022 4,292 6,760 - 11,052

5. STOCKS
2023 2022
£    £   
Stocks 135,538 66,234

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,018 2,500
Other debtors 1,800 10,231
4,818 12,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,758 -
Trade creditors 130,834 57,657
Taxation and social security 101 198
Other creditors 59,694 34,251
194,387 92,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 9,422 6,356
Other creditors 14,040 -
23,462 6,356

J&M Electrobikes Ltd (Registered number: 12622096)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 6,356

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
999 Ordinary £1 1,000 999

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.