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REGISTERED NUMBER: SC284848 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

J B M CONTRACTS (LESMAHAGOW) LIMITED

J B M CONTRACTS (LESMAHAGOW) LIMITED (REGISTERED NUMBER: SC284848)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

J B M CONTRACTS (LESMAHAGOW) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTOR: J B Moore





SECRETARY:





REGISTERED OFFICE: 484 Carlisle Road
Lesmahagow
Lanarkshire
ML11 0JU





REGISTERED NUMBER: SC284848 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

J B M CONTRACTS (LESMAHAGOW) LIMITED (REGISTERED NUMBER: SC284848)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 415,815 427,017

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 320,723 206,797
Cash at bank and in hand 421,559 336,440
743,782 544,737
CREDITORS
Amounts falling due within one year 6 195,222 171,412
NET CURRENT ASSETS 548,560 373,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,375

800,342

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 964,373 800,340
SHAREHOLDERS' FUNDS 964,375 800,342

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.

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 16 April 2024 and were signed by:





J B Moore - Director


J B M CONTRACTS (LESMAHAGOW) LIMITED (REGISTERED NUMBER: SC284848)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

J B M Contracts (Lesmahagow) Limited is a private company, limited by shares , registered in Scotland. 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.
Freehold property - 2% on cost
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

J B M CONTRACTS (LESMAHAGOW) LIMITED (REGISTERED NUMBER: SC284848)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2022 10,000 87,497 628,597
Additions - - 55,102
At 31 May 2023 10,000 87,497 683,699
DEPRECIATION
At 1 June 2022 2,000 34,517 379,130
Charge for year 200 10,596 60,914
At 31 May 2023 2,200 45,113 440,044
NET BOOK VALUE
At 31 May 2023 7,800 42,384 243,655
At 31 May 2022 8,000 52,980 249,467

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 231,225 3,683 961,002
Additions 35,900 - 91,002
At 31 May 2023 267,125 3,683 1,052,004
DEPRECIATION
At 1 June 2022 115,516 2,822 533,985
Charge for year 30,322 172 102,204
At 31 May 2023 145,838 2,994 636,189
NET BOOK VALUE
At 31 May 2023 121,287 689 415,815
At 31 May 2022 115,709 861 427,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 296,615 206,797
Other debtors 24,108 -
320,723 206,797

J B M CONTRACTS (LESMAHAGOW) LIMITED (REGISTERED NUMBER: SC284848)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 129,145 60,095
Taxation and social security 58,795 96,306
Other creditors 7,282 15,011
195,222 171,412

J B M CONTRACTS (LESMAHAGOW) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
J B M CONTRACTS (LESMAHAGOW) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................