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Company Registration No. 11345106 (England and Wales)
JMG HEATING AND MECHANICAL LIMITED Unaudited accounts for the year ended 31 May 2023
JMG HEATING AND MECHANICAL LIMITED Unaudited accounts Contents
Page
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JMG HEATING AND MECHANICAL LIMITED Company Information for the year ended 31 May 2023
Director
Mr Joseph GARRETT
Company Number
11345106 (England and Wales)
Registered Office
FLAT 3 FLAT 3 18 ASHBURTON ROAD SOUTHSEA HAMPSHIRE PO5 3JT ENGLAND
Accountants
Tarlia Knight EP Services Limited T/A EP Tax Unit 2D-2E Castledown Business Park Ludgershall Wiltshire SP11 9FA
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JMG HEATING AND MECHANICAL LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,146 
5,527 
Current assets
Debtors
5,388 
11,985 
Cash at bank and in hand
8,506 
2,222 
13,894 
14,207 
Creditors: amounts falling due within one year
(7,538)
(12,699)
Net current assets
6,356 
1,508 
Total assets less current liabilities
10,502 
7,035 
Creditors: amounts falling due after more than one year
(10,502)
(8,769)
Net liabilities
- 
(1,734)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1)
(1,735)
Shareholders' funds
- 
(1,734)
For the year ending 31 May 2023 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 25 February 2024 and were signed on its behalf by
Mr Joseph GARRETT Director Company Registration No. 11345106
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JMG HEATING AND MECHANICAL LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
JMG HEATING AND MECHANICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11345106. The registered office is FLAT 3 FLAT 3, 18 ASHBURTON ROAD, SOUTHSEA, HAMPSHIRE, PO5 3JT, ENGLAND.
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 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
5,000 
11,074 
16,074 
At 31 May 2023
5,000 
11,074 
16,074 
Depreciation
At 1 June 2022
3,418 
7,129 
10,547 
Charge for the year
395 
986 
1,381 
At 31 May 2023
3,813 
8,115 
11,928 
Net book value
At 31 May 2023
1,187 
2,959 
4,146 
At 31 May 2022
1,582 
3,945 
5,527 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
1,098 
6,204 
Other debtors
4,290 
5,781 
5,388 
11,985 
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JMG HEATING AND MECHANICAL LIMITED Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,019 
(1,189)
Trade creditors
10,791 
16,250 
Taxes and social security
1,421 
3,743 
Loans from directors
(8,713)
(7,105)
Accruals
1,020 
1,000 
7,538 
12,699 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,759 
8,769 
Taxes and social security
3,743 
- 
10,502 
8,769 
8
Post balance sheet events
The CIS Asset balance of £4,290 has not been fully reconciled at the year end due to errors in the prior year accounts.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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