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REGISTERED NUMBER: 13209487 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

JMS (Sussex) Homes Limited

JMS (Sussex) Homes Limited (Registered number: 13209487)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JMS (Sussex) Homes Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Murdoch Slight





REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE





REGISTERED NUMBER: 13209487 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

JMS (Sussex) Homes Limited (Registered number: 13209487)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 446,252 765,189
Debtors 4 1,471 30,478
Cash at bank 12,057 6,505
459,780 802,172
CREDITORS
Amounts falling due within one year 5 323,537 731,636
NET CURRENT ASSETS 136,243 70,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,243

70,536

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,143 70,436
SHAREHOLDERS' FUNDS 136,243 70,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 (Sussex) Homes Limited (Registered number: 13209487)

Statement of Financial Position - continued
29 February 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 director and authorised for issue on 25 October 2024 and were signed by:





J Murdoch Slight - Director


JMS (Sussex) Homes Limited (Registered number: 13209487)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

JMS (Sussex) Homes 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JMS (Sussex) Homes Limited (Registered number: 13209487)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 23,000
Other debtors 1,471 7,478
1,471 30,478

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 5,361
Taxation and social security 21,859 21,488
Other creditors 301,678 704,787
323,537 731,636

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Murdoch Slight.