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REGISTERED NUMBER: 04958107 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JM TRANSFORMERS LIMITED

JM TRANSFORMERS LIMITED (REGISTERED NUMBER: 04958107)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JM TRANSFORMERS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M A Baldwin
Mrs T J Baldwin





REGISTERED OFFICE: 2 Keswick Road
Fetcham
Leatherhead
Surrey
KT22 9HH





REGISTERED NUMBER: 04958107 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

JM TRANSFORMERS LIMITED (REGISTERED NUMBER: 04958107)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,350 45,088
Investments 5 111,541 3,871
146,891 48,959

CURRENT ASSETS
Stocks 9,500 28,982
Debtors 6 313,180 399,442
Cash at bank 631,882 557,150
954,562 985,574
CREDITORS
Amounts falling due within one year 7 322,062 334,512
NET CURRENT ASSETS 632,500 651,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

779,391

700,021

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 779,289 699,919
779,391 700,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JM TRANSFORMERS LIMITED (REGISTERED NUMBER: 04958107)

Balance Sheet - continued
31 March 2024


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 12 September 2024 and were signed on its behalf by:




M A Baldwin - Director



Mrs T J Baldwin - Director


JM TRANSFORMERS LIMITED (REGISTERED NUMBER: 04958107)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jm Transformers Limited 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.

Turnover
Turnover 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 18 ) .

JM TRANSFORMERS LIMITED (REGISTERED NUMBER: 04958107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 25,130 163,738 188,868
Additions - 2,044 2,044
At 31 March 2024 25,130 165,782 190,912
DEPRECIATION
At 1 April 2023 17,081 126,699 143,780
Charge for year 2,012 9,770 11,782
At 31 March 2024 19,093 136,469 155,562
NET BOOK VALUE
At 31 March 2024 6,037 29,313 35,350
At 31 March 2023 8,049 37,039 45,088

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 3,871
Additions 107,670
At 31 March 2024 111,541
NET BOOK VALUE
At 31 March 2024 111,541
At 31 March 2023 3,871

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 109,473 122,883
Other debtors 203,707 276,559
313,180 399,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 67,776 36,861
Taxation and social security 148,478 144,046
Other creditors 105,808 153,605
322,062 334,512

JM TRANSFORMERS LIMITED (REGISTERED NUMBER: 04958107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs T J Baldwin and M A Baldwin
Balance outstanding at start of year 117,687 107,371
Amounts advanced 195,166 257,156
Amounts repaid (226,284 ) (246,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,569 117,687

Interest has been charged on the overdrawn loan account.

This was repaid within 9 months of the year end.

9. RELATED PARTY DISCLOSURES

The company remained under the control of it's Directors'.