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REGISTERED NUMBER: 07383888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JM DAIRY SERVICES LTD

JM DAIRY SERVICES LTD (REGISTERED NUMBER: 07383888)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JM DAIRY SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: J M Meaden





REGISTERED OFFICE: 2nd Floor
Market Square House
Station Road
Sturminster Newton
Dorset
DT10 1FG





REGISTERED NUMBER: 07383888 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
Market Square House
Station Road
Sturminster Newton
Dorset
DT10 1FG

JM DAIRY SERVICES LTD (REGISTERED NUMBER: 07383888)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,148 14,882

CURRENT ASSETS
Stocks 70,965 64,408
Debtors 5 319,777 178,151
Cash at bank 300,210 325,179
690,952 567,738
CREDITORS
Amounts falling due within one year 6 337,734 273,112
NET CURRENT ASSETS 353,218 294,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,366

309,508

PROVISIONS FOR LIABILITIES 6,801 3,407
NET ASSETS 375,565 306,101

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 375,564 306,100
SHAREHOLDERS' FUNDS 375,565 306,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 July 2024 and were signed by:



J M Meaden - Director


JM DAIRY SERVICES LTD (REGISTERED NUMBER: 07383888)

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

1. STATUTORY INFORMATION

JM Dairy Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales invoices raised for work done plus an adjustment for long-term contract revenues (see below), excluding value added tax. Turnover is recognised in the period in which goods and services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and long-term contracts
In the case of long-term contracts, turnover represents the estimated contract revenues on work during the year. Contract revenues and profits are computed on the stage of completion.

Long-term contract balances included in stocks compromise costs incurred on long-term contracts, net of amounts transferred to cost of sales, after deducting foreseeable losses and related payments on account. Costs include all direct material and labour costs incurred in bringing a contract to its stage of completion at the year end. Provisions for estimated losses on contracts are made in the period in which such losses are foreseen.

The excess of payments on account received over amounts recorded as turnover is classified under creditors due within one year. Amounts recoverable on contracts, being the amount by which recorded turnover is in excess of payments on account, is classified under debtors.

Stock is stated at the lower of cost and net realisable value. Provision is made for obsolete, slow moving or defective items where appropriate.

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.


JM DAIRY SERVICES LTD (REGISTERED NUMBER: 07383888)

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

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 50,308
Additions 28,393
Disposals (25,575 )
At 31 October 2023 53,126
DEPRECIATION
At 1 November 2022 35,426
Charge for year 9,575
Eliminated on disposal (21,023 )
At 31 October 2023 23,978
NET BOOK VALUE
At 31 October 2023 29,148
At 31 October 2022 14,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 295,188 138,633
Other debtors 24,589 39,518
319,777 178,151

JM DAIRY SERVICES LTD (REGISTERED NUMBER: 07383888)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 181,274 163,192
Taxation and social security 48,207 46,094
Other creditors 108,253 63,826
337,734 273,112

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 6,000 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary 1 1 1

9. TRANSITION FROM FRS105 TO FRS102 S1A

The date of transition to FRS 102 from FRS 105 was the 1st November 2021. The only adjustment in the year ended 31st October 2023 and the year ended 31st October 2022 as a result of transition is deferred tax.

In the year ended 31st October 2022 the retained earnings brought forward have been decreased by £4,225.00. Being the deferred tax liability as at 1st November 2021. The profit after tax for the year ended 31st October 2022 has been increased by £818.00 being the deferred tax movement in the year. Retained earnings as at 31st October 2022 have decreased by £3,407.00 being the deferred tax liability brought forward of £4,225.00 less the £818.00 deferred tax movement in the year.