1 March 2023 false No description of principal activity Taxfiler 2024.5 13202977business:PrivateLimitedCompanyLtd2023-03-012024-02-28 132029772023-02-28 132029772023-03-012024-02-28 13202977business:AuditExemptWithAccountantsReport2023-03-012024-02-28 13202977business:FilletedAccounts2023-03-012024-02-28 132029772024-02-28 13202977business:Director12023-03-012024-02-28 13202977business:Director22023-03-012024-02-28 13202977business:RegisteredOffice2023-03-012024-02-28 132029772023-02-28 13202977core:WithinOneYear2024-02-28 13202977core:WithinOneYear2023-02-28 13202977core:AfterOneYear2024-02-28 13202977core:AfterOneYear2023-02-28 13202977core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 13202977core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13202977core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 13202977core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13202977core:PreviouslyStatedAmount2024-02-28 13202977core:PreviouslyStatedAmount2023-02-28 13202977business:SmallEntities2023-03-012024-02-28 13202977countries:EnglandWales2023-03-012024-02-28 13202977core:PlantMachinery2023-03-012024-02-28 13202977core:MotorVehicles2023-03-012024-02-28 13202977core:FurnitureFittings2023-03-012024-02-28 13202977core:ComputerEquipment2023-03-012024-02-28 13202977core:PlantMachinery2023-02-28 13202977core:MotorVehicles2023-02-28 13202977core:FurnitureFittings2023-02-28 13202977core:ComputerEquipment2023-02-28 13202977core:PlantMachinery2024-02-28 13202977core:MotorVehicles2024-02-28 13202977core:FurnitureFittings2024-02-28 13202977core:ComputerEquipment2024-02-28 13202977core:AfterOneYear2023-03-012024-02-28 13202977core:AcceleratedTaxDepreciationDeferredTax2024-02-28 13202977core:AcceleratedTaxDepreciationDeferredTax2023-02-28 132029772022-02-28 132029772022-03-012023-02-28 13202977business:OrdinaryShareClass12023-03-012024-02-28 13202977business:OrdinaryShareClass12022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13202977 (England and Wales)
JMT PAVING LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
JMT PAVING LTD Unaudited accounts Contents
Page
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JMT PAVING LTD Company Information for the period from 1 March 2023 to 28 February 2024
Directors
Josh Thomas Robyn Barnes
Company Number
13202977 (England and Wales)
Registered Office
112-113 HIGH STREET LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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JMT PAVING LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,454 
21,337 
Current assets
Debtors
42,114 
25,554 
Cash at bank and in hand
53,367 
9,757 
95,481 
35,311 
Creditors: amounts falling due within one year
(56,996)
(34,274)
Net current assets
38,485 
1,037 
Total assets less current liabilities
66,939 
22,374 
Creditors: amounts falling due after more than one year
(6,224)
- 
Provisions for liabilities
Deferred tax
(5,172)
(3,331)
Net assets
55,543 
19,043 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
55,541 
19,041 
Shareholders' funds
55,543 
19,043 
For the period ending 28 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Josh Thomas Director Company Registration No. 13202977
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JMT PAVING LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
JMT PAVING LTD is a private company, limited by shares, registered in England and Wales, registration number 13202977. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, UNITED KINGDOM.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
Computer equipment
30% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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JMT PAVING LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
4,360 
21,750 
90 
2,079 
28,279 
Additions
- 
16,450 
- 
- 
16,450 
At 28 February 2024
4,360 
38,200 
90 
2,079 
44,729 
Depreciation
At 1 March 2023
872 
5,437 
9 
624 
6,942 
Charge for the period
698 
8,191 
8 
436 
9,333 
At 28 February 2024
1,570 
13,628 
17 
1,060 
16,275 
Net book value
At 28 February 2024
2,790 
24,572 
73 
1,019 
28,454 
At 28 February 2023
3,488 
16,313 
81 
1,455 
21,337 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,999 
542 
Trade debtors
6,559 
5,155 
Other debtors
31,556 
19,857 
42,114 
25,554 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
- 
Trade creditors
5,673 
- 
Taxes and social security
11,228 
- 
Loans from directors
1,839 
13,717 
Accruals
700 
700 
Deferred income
31,556 
19,857 
56,996 
34,274 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,224 
- 
Lloyds Bank Loan - 24mth Yr. 2 £6224
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JMT PAVING LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,172 
3,331 
2024 
2023 
£ 
£ 
Provision at start of period
3,331 
- 
Charged to the profit and loss account
1,841 
3,331 
Provision at end of period
5,172 
3,331 
A deferred taxation reserve of some £5,172 (cumulative) due to accelerated capital allowances. This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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