IRIS Accounts Production v24.2.0.383 01668820 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016688202023-03-31016688202024-03-31016688202023-04-012024-03-31016688202022-03-31016688202022-04-012023-03-31016688202023-03-3101668820ns15:EnglandWales2023-04-012024-03-3101668820ns14:PoundSterling2023-04-012024-03-3101668820ns10:Director12023-04-012024-03-3101668820ns10:Director22023-04-012024-03-3101668820ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101668820ns10:SmallEntities2023-04-012024-03-3101668820ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101668820ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101668820ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101668820ns10:FullAccounts2023-04-012024-03-3101668820ns10:Director32023-04-012024-03-3101668820ns10:CompanySecretary12023-04-012024-03-3101668820ns10:RegisteredOffice2023-04-012024-03-3101668820ns5:CurrentFinancialInstruments2024-03-3101668820ns5:CurrentFinancialInstruments2023-03-3101668820ns5:ShareCapital2024-03-3101668820ns5:ShareCapital2023-03-3101668820ns5:RetainedEarningsAccumulatedLosses2024-03-3101668820ns5:RetainedEarningsAccumulatedLosses2023-03-3101668820ns5:FurnitureFittings2023-04-012024-03-3101668820ns5:MotorVehicles2023-04-012024-03-3101668820ns5:ComputerEquipment2023-04-012024-03-3101668820ns5:PlantMachinery2023-03-3101668820ns5:PlantMachinery2023-04-012024-03-3101668820ns5:PlantMachinery2024-03-3101668820ns5:PlantMachinery2023-03-3101668820ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101668820ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 01668820 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JMS Specialist Joinery Limited

JMS Specialist Joinery Limited (Registered number: 01668820)






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


JMS Specialist Joinery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R C Hayhoe
M G O'Brien
J R Hayhoe





SECRETARY: R C Hayhoe





REGISTERED OFFICE: Raphael House
123 Roebuck Road
Chessington
Surrey
KT9 1EU





REGISTERED NUMBER: 01668820 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

JMS Specialist Joinery Limited (Registered number: 01668820)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 59,532 79,893

CURRENT ASSETS
Stocks 15,900 21,818
Debtors 6 48,931 646,855
Cash at bank and in hand 61,456 107,866
126,287 776,539
CREDITORS
Amounts falling due within one year 7 155,797 238,697
NET CURRENT (LIABILITIES)/ASSETS (29,510 ) 537,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,022

617,735

PROVISIONS FOR LIABILITIES 19,973 19,973
NET ASSETS 10,049 597,762

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,949 597,662
SHAREHOLDERS' FUNDS 10,049 597,762

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.

JMS Specialist Joinery Limited (Registered number: 01668820)

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 18 September 2024 and were signed on its behalf by:




R C Hayhoe - Director



M G O'Brien - Director


JMS Specialist Joinery Limited (Registered number: 01668820)

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

1. STATUTORY INFORMATION

JMS Specialist Joinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Income is recognised during the year when the company provides goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.
Work in progress is valued at the lower of cost less any payments on account received and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

JMS Specialist Joinery Limited (Registered number: 01668820)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 205,919
Additions 5,812
Disposals (20,006 )
At 31 March 2024 191,725
DEPRECIATION
At 1 April 2023 126,026
Charge for year 19,843
Eliminated on disposal (13,676 )
At 31 March 2024 132,193
NET BOOK VALUE
At 31 March 2024 59,532
At 31 March 2023 79,893

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 239
Amounts owed by group undertakings - 607,672
Other debtors 48,931 38,944
48,931 646,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 101,545 202,765
Taxation and social security 45,144 27,612
Other creditors 9,108 8,320
155,797 238,697

JMS Specialist Joinery Limited (Registered number: 01668820)

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

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The ultimate controlling party is R C Hayhoe.