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Company Registration No. NI637430 (Northern Ireland)
JMG Plant (Belfast) Ltd Unaudited accounts for the year ended 31 March 2024
JMG Plant (Belfast) Ltd Unaudited accounts Contents
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JMG Plant (Belfast) Ltd Company Information for the year ended 31 March 2024
Director
Mr James McGill
Company Number
NI637430 (Northern Ireland)
Registered Office
102 EGLANTINE AVENUE BELFAST BT9 6EU NORTHERN IRELAND
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JMG Plant (Belfast) Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
168,511 
138,891 
Current assets
Debtors
25,096 
18,065 
Cash at bank and in hand
165,985 
151,804 
191,081 
169,869 
Creditors: amounts falling due within one year
(143,780)
(146,214)
Net current assets
47,301 
23,655 
Total assets less current liabilities
215,812 
162,546 
Creditors: amounts falling due after more than one year
(116,089)
(120,931)
Net assets
99,723 
41,615 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
99,722 
41,614 
Shareholders' funds
99,723 
41,615 
For the year ending 31 March 2024 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.
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 5 April 2024 and were signed on its behalf by
Mr James McGill Director Company Registration No. NI637430
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JMG Plant (Belfast) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
JMG Plant (Belfast) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI637430. The registered office is 102 EGLANTINE AVENUE, BELFAST, BT9 6EU, NORTHERN IRELAND.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
180,594 
20,000 
549 
201,143 
Additions
84,300 
- 
- 
84,300 
At 31 March 2024
264,894 
20,000 
549 
285,443 
Depreciation
At 1 April 2023
48,511 
13,446 
295 
62,252 
Charge for the year
52,978 
1,638 
64 
54,680 
At 31 March 2024
101,489 
15,084 
359 
116,932 
Net book value
At 31 March 2024
163,405 
4,916 
190 
168,511 
At 31 March 2023
132,083 
6,554 
254 
138,891 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
25,096 
18,065 
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JMG Plant (Belfast) Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
12,375 
(5,928)
Proposed dividends
17,580 
- 
Other creditors
15,000 
- 
Loans from directors
98,825 
152,142 
143,780 
146,214 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,911 
39,887 
Obligations under finance leases and hire purchase contracts
62,258 
81,044 
Loans from directors
19,920 
- 
116,089 
120,931 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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