Registered number
07926785
JDM Developments (Essex) Limited
Filleted Accounts
31 January 2024
JDM Developments (Essex) Limited
Registered number: 07926785
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,664 16,067
Current assets
Stocks 79,597 96,309
Debtors 4 236,362 161,698
Cash at bank and in hand 230,284 173,937
546,243 431,944
Creditors: amounts falling due within one year 5 (253,298) (262,429)
Net current assets 292,945 169,515
Total assets less current liabilities 305,609 185,582
Creditors: amounts falling due after more than one year 6 (9,917) (16,917)
Net assets 295,692 168,665
Capital and reserves
Called up share capital 100 100
Profit and loss account 295,592 168,565
Shareholders' funds 295,692 168,665
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Davis
Director
Approved by the board on 19 April 2024
JDM Developments (Essex) Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 9,995 19,800 29,795
At 31 January 2024 9,995 19,800 29,795
Depreciation
At 1 February 2023 3,856 9,872 13,728
Charge for the year 921 2,482 3,403
At 31 January 2024 4,777 12,354 17,131
Net book value
At 31 January 2024 5,218 7,446 12,664
At 31 January 2023 6,139 9,928 16,067
4 Debtors 2024 2023
£ £
Trade debtors 228,856 158,310
HMRC VAT 7,306 3,388
Other debtors 200 -
236,362 161,698
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,000 7,000
Trade creditors 69,845 77,513
Taxation and social security costs 111,841 106,021
Pension - 76
Other creditors 64,612 71,819
253,298 262,429
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,917 16,917
7 Other information
JDM Developments (Essex) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 6
251-255 Church Road
Benfleet
Essex
SS7 4QP
JDM Developments (Essex) Limited 07926785 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2022 J Davis No description of principal activity 07926785 2022-02-01 2023-01-31 07926785 core:WithinOneYear 2023-01-31 07926785 core:AfterOneYear 2023-01-31 07926785 core:ShareCapital 2023-01-31 07926785 core:RetainedEarningsAccumulatedLosses 2023-01-31 07926785 2023-02-01 2024-01-31 07926785 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07926785 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07926785 bus:Director40 2023-02-01 2024-01-31 07926785 1 2023-02-01 2024-01-31 07926785 2 2023-02-01 2024-01-31 07926785 core:PlantMachinery 2023-02-01 2024-01-31 07926785 core:Vehicles 2023-02-01 2024-01-31 07926785 countries:England 2023-02-01 2024-01-31 07926785 bus:FRS102 2023-02-01 2024-01-31 07926785 bus:FullAccounts 2023-02-01 2024-01-31 07926785 2024-01-31 07926785 core:WithinOneYear 2024-01-31 07926785 core:AfterOneYear 2024-01-31 07926785 core:ShareCapital 2024-01-31 07926785 core:RetainedEarningsAccumulatedLosses 2024-01-31 07926785 core:PlantMachinery 2024-01-31 07926785 core:Vehicles 2024-01-31 07926785 2023-01-31 07926785 core:PlantMachinery 2023-01-31 07926785 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure