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REGISTERED NUMBER: 05131176 (England and Wales)












JMP ARCHITECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMP ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Directors: Mr M J Brennan
Mr I B Nicholson
Mr J P Pinnington



Secretary: Mrs J Nicholson



Registered office: The Old Bakery
19 China Street
LANCASTER
LA1 1EX



Registered number: 05131176 (England and Wales)



Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: HSBC Bank plc
35 Market Street
LANCASTER
LA1 1JQ

JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 8,750
Tangible assets 5 36,304 40,604
36,304 49,354

Current assets
Debtors 6 105,574 160,794
Cash at bank and in hand 155,860 90,880
261,434 251,674
Creditors
Amounts falling due within one year 7 127,197 137,450
Net current assets 134,237 114,224
Total assets less current liabilities 170,541 163,578

Creditors
Amounts falling due after more than one
year

8

(20,000

)

(40,000

)

Provisions for liabilities (5,208 ) (6,149 )
Net assets 145,333 117,429

Capital and reserves
Called up share capital 100 100
Retained earnings 145,233 117,329
145,333 117,429

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

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

JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




Mr I B Nicholson - Director Mr M J Brennan - Director




Mr J P Pinnington - Director


JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

JMP Architects 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. 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 and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - Straight line over 10 years
Plant and machinery etc - 15% Reducing balance and Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 175,000
Amortisation
At 1 June 2023 166,250
Charge for year 8,750
At 31 May 2024 175,000
Net book value
At 31 May 2024 -
At 31 May 2023 8,750

JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. Tangible fixed assets
Plant and
Tenants machinery
improvements etc Totals
£    £    £   
Cost
At 1 June 2023 63,577 96,927 160,504
Additions - 5,793 5,793
At 31 May 2024 63,577 102,720 166,297
Depreciation
At 1 June 2023 44,927 74,973 119,900
Charge for year 2,587 7,506 10,093
At 31 May 2024 47,514 82,479 129,993
Net book value
At 31 May 2024 16,063 20,241 36,304
At 31 May 2023 18,650 21,954 40,604

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 18,675 57,273
Amounts recoverable on contract 52,618 52,597
Other debtors 34,281 50,924
105,574 160,794

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Taxation and social security 99,986 65,978
Other creditors 7,211 51,472
127,197 137,450

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 20,000 40,000

JMP ARCHITECTS LIMITED (REGISTERED NUMBER: 05131176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 40,000 60,000

The bank loan is secured with a fixed and floating charge over all assets of the company

10. Directors' advances, credits and guarantees

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

2024 2023
£    £   
Mr J P Pinnington
Balance outstanding at start of year 13,119 25,344
Amounts advanced 41,949 26,452
Amounts repaid (34,383 ) (38,677 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,685 13,119

Mr M J Brennan
Balance outstanding at start of year - -
Amounts advanced 44,567 -
Amounts repaid (41,988 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,579 -

Mr I B Nicholson
Balance outstanding at start of year - -
Amounts advanced 54,820 -
Amounts repaid (53,410 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,410 -

Interest is charged on any overdrawn balances using the HMRC official rate of interest