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REGISTERED NUMBER: 04223826 (England and Wales)















JMS OF DONCASTER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023






JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

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


JMS OF DONCASTER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: J M Sheard





SECRETARY: A Jarvis





REGISTERED OFFICE: Brooklands Road
Carcroft
Doncaster
South Yorkshire
DN6 7BA





REGISTERED NUMBER: 04223826 (England and Wales)






JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,224,121 1,347,850
Investments 5 6,250 6,250
1,230,371 1,354,100

CURRENT ASSETS
Debtors 6 1,525,745 1,558,009
Cash at bank and in hand 4,053,641 3,281,757
5,579,386 4,839,766
CREDITORS
Amounts falling due within one year 7 2,718,870 2,457,205
NET CURRENT ASSETS 2,860,516 2,382,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,090,887

3,736,661

CREDITORS
Amounts falling due after more than one
year

8

(3,426

)

(106,995

)

PROVISIONS FOR LIABILITIES (234,569 ) (196,987 )
NET ASSETS 3,852,892 3,432,679

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,852,890 3,432,677
SHAREHOLDERS' FUNDS 3,852,892 3,432,679

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 director acknowledges his 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.

JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





J M Sheard - Director


JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

JMS of Doncaster 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% on cost
Motor vehicle - 25% on reducing balance
Fixture and fittings - 25% on cost

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
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.

JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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 49 (2022 - 63 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 3,916,458
Additions 262,247
Disposals (246,281 )
At 31 May 2023 3,932,424
DEPRECIATION
At 1 June 2022 2,568,608
Charge for year 357,942
Eliminated on disposal (218,247 )
At 31 May 2023 2,708,303
NET BOOK VALUE
At 31 May 2023 1,224,121
At 31 May 2022 1,347,850

JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 June 2022 1,635,296
Transfer to ownership (222,500 )
At 31 May 2023 1,412,796
DEPRECIATION
At 1 June 2022 856,537
Charge for year 194,690
Transfer to ownership (139,549 )
At 31 May 2023 911,678
NET BOOK VALUE
At 31 May 2023 501,118
At 31 May 2022 778,759

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 6,250
NET BOOK VALUE
At 31 May 2023 6,250
At 31 May 2022 6,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,412,523 1,400,130
Amounts owed by group undertakings 2 -
Other debtors 113,220 157,879
1,525,745 1,558,009

JMS OF DONCASTER LTD (REGISTERED NUMBER: 04223826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 103,569 218,869
Trade creditors 506,997 445,532
Amounts owed to group undertakings - 1,018,459
Taxation and social security 231,071 476,938
Other creditors 1,877,233 297,407
2,718,870 2,457,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 3,426 106,995

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 106,995 325,864

The hire purchase liabilities are secured on the various assets.

10. RELATED PARTY DISCLOSURES

There was a non trading loan due to the parent company JMS of Doncaster (Holdings) Limited in the prior year of £1,018,459.
The loan was interest free with no set repayment date.

11. ULTIMATE CONTROLLING PARTY

The controlling party is JMS of Doncaster Holdings 2022 Limited.

The ultimate controlling party is J M Sheard.