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REGISTERED NUMBER: SO306871 (Scotland)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JMS Heavy Lifting LLP

JMS Heavy Lifting LLP (Registered number: SO306871)






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




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JMS Heavy Lifting LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mrs M Smail
J Smail





REGISTERED OFFICE: 29 Pleasance Avenue
Dumfries
Dumfries & Galloway
DG2 7JJ





REGISTERED NUMBER: SO306871 (Scotland)





ACCOUNTANTS: James W A Cruickshank & Co
Chartered Accountants
Chartered Tax Advisers
Inglewood
Wreay
Carlisle
Cumbria
CA4 0RL

JMS Heavy Lifting LLP (Registered number: SO306871)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,835 181,313

CURRENT ASSETS
Stocks 30,000 20,100
Debtors 18,325 35,399
Cash at bank 86 75
48,411 55,574
CREDITORS
Amounts falling due within one year 71,314 69,547
NET CURRENT LIABILITIES (22,903 ) (13,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,932

167,340

CREDITORS
Amounts falling due after more than one
year

5

57,479

73,842
NET ASSETS ATTRIBUTABLE TO
MEMBERS

51,453

93,498

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

51,353

93,398

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
51,453 93,498

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 51,353 93,398
Members' other interests 100 100
51,453 93,498

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

JMS Heavy Lifting LLP (Registered number: SO306871)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 April 2023 and were signed by:




J Smail - Designated member




Mrs M Smail - Designated member


JMS Heavy Lifting LLP (Registered number: SO306871)

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

1. STATUTORY INFORMATION

JMS Heavy Lifting LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery etc - 33% on cost and 20% 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.

3. EMPLOYEE INFORMATION

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

JMS Heavy Lifting LLP (Registered number: SO306871)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 265,219
Additions 20,565
At 31 March 2023 285,784
DEPRECIATION
At 1 April 2022 83,906
Charge for year 70,043
At 31 March 2023 153,949
NET BOOK VALUE
At 31 March 2023 131,835
At 31 March 2022 181,313

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 76,838
DEPRECIATION
At 1 April 2022 11,525
Charge for year 11,524
At 31 March 2023 23,049
NET BOOK VALUE
At 31 March 2023 53,789
At 31 March 2022 65,313

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.23 31.3.22
£    £   
Repayable otherwise than by instalments
Nanette Holroyd 6,000 -

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members capital classified as debt) rank behind amounts due to other creditors.