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REGISTERED NUMBER: 09362001 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

JFM Plastics and Property
Maintenance Ltd

JFM Plastics and Property
Maintenance Ltd (Registered number: 09362001)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JFM Plastics and Property
Maintenance Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J F McGrath
J Houghton





REGISTERED OFFICE: 4 Nook Lane
Golborne
Warrington
Cheshire
WA3 3JG





REGISTERED NUMBER: 09362001 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

JFM Plastics and Property
Maintenance Ltd (Registered number: 09362001)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,169 12,226

CURRENT ASSETS
Inventories 19,100 36,000
Debtors 5 - 3,377
Cash at bank and in hand 583 1,677
19,683 41,054
CREDITORS
Amounts falling due within one year 6 41,945 50,077
NET CURRENT LIABILITIES (22,262 ) (9,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,093

)

3,203

CREDITORS
Amounts falling due after more than one year 7 7,112 12,672
NET LIABILITIES (20,205 ) (9,469 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (20,207 ) (9,471 )
SHAREHOLDERS' FUNDS (20,205 ) (9,469 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JFM Plastics and Property
Maintenance Ltd (Registered number: 09362001)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





J F McGrath - Director


JFM Plastics and Property
Maintenance Ltd (Registered number: 09362001)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

JFM Plastics and Property Maintenance 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.

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.

The company relies on the support of its directors and shareholders and other lenders. There is nothing to suggest that this support will be withdrawn in the period of one year following the date of the signing of the balance sheet. On this basis, the financial statements have been prepared on the going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

JFM Plastics and Property
Maintenance Ltd (Registered number: 09362001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 23,260
DEPRECIATION
At 1 January 2023 11,034
Charge for year 3,057
At 31 December 2023 14,091
NET BOOK VALUE
At 31 December 2023 9,169
At 31 December 2022 12,226

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 21,260
DEPRECIATION
At 1 January 2023 9,301
Charge for year 2,990
At 31 December 2023 12,291
NET BOOK VALUE
At 31 December 2023 8,969
At 31 December 2022 11,959

JFM Plastics and Property
Maintenance Ltd (Registered number: 09362001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 3,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,888 3,888
Other loans - 16,900
Hire purchase contracts 2,000 2,730
Trade creditors 660 600
Social security and other taxes 2,709 2,711
Other creditors 10,850 9,250
Directors' current accounts 21,178 13,338
Accrued expenses 660 660
41,945 50,077

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 3,719 3,719
Bank loans - 2-5 years 3,393 7,393
Hire purchase contracts - 1,560
7,112 12,672

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 2,000 4,290