Company Registration No. 12059303 (England and Wales)
JSWM MECHANICAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
JSWM MECHANICAL LTD
COMPANY INFORMATION
Directors
W McLaughlin
J Stevens
Company number
12059303
Registered office
8 Stanelow Crescent
Standon
Ware
Herts
SG11 1QF
JSWM MECHANICAL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JSWM MECHANICAL LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
Notes
£
£
£
£
Fixed assets
Tangible assets
2
17,674
23,566
Current assets
Stocks
20,849
-
Debtors
3
3,974
14,615
Cash at bank and in hand
2,346
28,063
27,169
42,678
Creditors: amounts falling due within one year
4
(5,361)
(23,884)
Net current assets
21,808
18,794
Total assets less current liabilities
39,482
42,360
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
39,382
42,260
Total equity
39,482
42,360

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 22 August 2024 and are signed on its behalf by:
W McLaughlin
Director
Company Registration No. 12059303
JSWM MECHANICAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

JSWM Mechanical Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8 Stanelow Crescent, Standon, Ware, Herts, SG11 1QF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

JSWM MECHANICAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
37,544
Depreciation and impairment
At 1 July 2023
13,978
Depreciation charged in the year
5,892
At 30 June 2024
19,870
Carrying amount
At 30 June 2024
17,674
At 30 June 2023
23,566
3
Debtors
Amounts falling due within one year:
£
£
Trade debtors
3,974
14,615
4
Creditors: amounts falling due within one year
£
£
Trade creditors
1,708
2,816
Corporation tax
3,053
8,429
Other taxation and social security
-
0
1,658
Other creditors
600
10,981
5,361
23,884
5
Called up share capital
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100
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