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Company Registration No. 10637581 (England and Wales)
JM Developments (Ilkley) Ltd Unaudited accounts for the period from 1 March 2023 to 31 December 2023
JM Developments (Ilkley) Ltd Unaudited accounts Contents
Page
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JM Developments (Ilkley) Ltd Company Information for the period from 1 March 2023 to 31 December 2023
Director
J D Mawby
Company Number
10637581 (England and Wales)
Registered Office
The Sidings Station Approach Ben Rhydding Ilkley West Yorkshire LS29 8EB
Accountants
Red Rose Accountancy Services Ltd Arran Yew Tree Road Grange-over-Sands Cumbria LA11 7AA
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JM Developments (Ilkley) Ltd Statement of financial position as at 31 December 2023
31/12/2023 
28/02/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,167 
19,900 
Current assets
Inventories
543,868 
485,138 
Debtors
3,838 
867 
Cash at bank and in hand
1,026 
170 
548,732 
486,175 
Creditors: amounts falling due within one year
(174,277)
(105,758)
Net current assets
374,455 
380,417 
Total assets less current liabilities
393,622 
400,317 
Creditors: amounts falling due after more than one year
(407,000)
(407,000)
Net liabilities
(13,378)
(6,683)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(13,478)
(6,783)
Shareholders' funds
(13,378)
(6,683)
For the period ending 31 December 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 6 September 2024 and were signed on its behalf by
J D Mawby Director Company Registration No. 10637581
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JM Developments (Ilkley) Ltd Notes to the Accounts for the period from 1 March 2023 to 31 December 2023
1
Statutory information
JM Developments (Ilkley) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10637581. The registered office is The Sidings Station Approach, Ben Rhydding, Ilkley, West Yorkshire, LS29 8EB.
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
25% on the reducing balance basis
Motor vehicles
10% on cost
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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JM Developments (Ilkley) Ltd Notes to the Accounts for the period from 1 March 2023 to 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
13,500 
16,060 
29,560 
Additions
- 
1,773 
1,773 
At 31 December 2023
13,500 
17,833 
31,333 
Depreciation
At 1 March 2023
5,738 
3,922 
9,660 
Charge for the period
1,125 
1,381 
2,506 
At 31 December 2023
6,863 
5,303 
12,166 
Net book value
At 31 December 2023
6,637 
12,530 
19,167 
At 28 February 2023
7,762 
12,138 
19,900 
5
Debtors
31/12/2023 
28/02/2023 
£ 
£ 
Amounts falling due within one year
VAT
3,838 
867 
6
Creditors: amounts falling due within one year
31/12/2023 
28/02/2023 
£ 
£ 
Trade creditors
4,779 
577 
Loans from directors
153,517 
97,927 
Accruals
15,981 
7,254 
174,277 
105,758 
The director's loan account is interest free and repayable on demand.
7
Creditors: amounts falling due after more than one year
31/12/2023 
28/02/2023 
£ 
£ 
Loans from directors
407,000 
407,000 
8
Share capital
31/12/2023 
28/02/2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the period the average number of employees was 1 (28/02/2023: 1).
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