2023-05-012024-04-302024-04-30false03352517Jaymar Electrical Limited2024-10-09iso4217:GBPxbrli:pure033525172023-05-01033525172024-04-30033525172023-05-012024-04-30033525172022-05-01033525172023-04-30033525172022-05-012023-04-3003352517bus:SmallEntities2023-05-012024-04-3003352517bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3003352517bus:FullAccounts2023-05-012024-04-3003352517bus:PrivateLimitedCompanyLtd2023-05-012024-04-3003352517core:WithinOneYear2024-04-3003352517core:AfterOneYear2024-04-3003352517core:WithinOneYear2023-04-3003352517core:AfterOneYear2023-04-3003352517core:ShareCapital2024-04-3003352517core:SharePremium2024-04-3003352517core:RevaluationReserve2024-04-3003352517core:OtherReservesSubtotal2024-04-3003352517core:RetainedEarningsAccumulatedLosses2024-04-3003352517core:ShareCapital2023-04-3003352517core:SharePremium2023-04-3003352517core:RevaluationReserve2023-04-3003352517core:OtherReservesSubtotal2023-04-3003352517core:RetainedEarningsAccumulatedLosses2023-04-3003352517core:LandBuildings2024-04-3003352517core:PlantMachinery2024-04-3003352517core:Vehicles2024-04-3003352517core:FurnitureFittings2024-04-3003352517core:OfficeEquipment2024-04-3003352517core:NetGoodwill2024-04-3003352517core:IntangibleAssetsOtherThanGoodwill2024-04-3003352517core:ListedExchangeTraded2024-04-3003352517core:UnlistedNon-exchangeTraded2024-04-3003352517core:LandBuildings2023-04-3003352517core:PlantMachinery2023-04-3003352517core:Vehicles2023-04-3003352517core:FurnitureFittings2023-04-3003352517core:OfficeEquipment2023-04-3003352517core:NetGoodwill2023-04-3003352517core:IntangibleAssetsOtherThanGoodwill2023-04-3003352517core:ListedExchangeTraded2023-04-3003352517core:UnlistedNon-exchangeTraded2023-04-3003352517core:LandBuildings2023-05-012024-04-3003352517core:PlantMachinery2023-05-012024-04-3003352517core:Vehicles2023-05-012024-04-3003352517core:FurnitureFittings2023-05-012024-04-3003352517core:OfficeEquipment2023-05-012024-04-3003352517core:NetGoodwill2023-05-012024-04-3003352517core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003352517core:ListedExchangeTraded2023-05-012024-04-3003352517core:UnlistedNon-exchangeTraded2023-05-012024-04-3003352517core:MoreThanFiveYears2023-05-012024-04-3003352517core:Non-currentFinancialInstruments2024-04-3003352517core:Non-currentFinancialInstruments2023-04-3003352517dpl:CostSales2023-05-012024-04-3003352517dpl:DistributionCosts2023-05-012024-04-3003352517core:LandBuildings2023-05-012024-04-3003352517core:PlantMachinery2023-05-012024-04-3003352517core:Vehicles2023-05-012024-04-3003352517core:FurnitureFittings2023-05-012024-04-3003352517core:OfficeEquipment2023-05-012024-04-3003352517dpl:AdministrativeExpenses2023-05-012024-04-3003352517core:NetGoodwill2023-05-012024-04-3003352517core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003352517dpl:GroupUndertakings2023-05-012024-04-3003352517dpl:ParticipatingInterests2023-05-012024-04-3003352517dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3003352517core:ListedExchangeTraded2023-05-012024-04-3003352517dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3003352517core:UnlistedNon-exchangeTraded2023-05-012024-04-3003352517dpl:CostSales2022-05-012023-04-3003352517dpl:DistributionCosts2022-05-012023-04-3003352517core:LandBuildings2022-05-012023-04-3003352517core:PlantMachinery2022-05-012023-04-3003352517core:Vehicles2022-05-012023-04-3003352517core:FurnitureFittings2022-05-012023-04-3003352517core:OfficeEquipment2022-05-012023-04-3003352517dpl:AdministrativeExpenses2022-05-012023-04-3003352517core:NetGoodwill2022-05-012023-04-3003352517core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3003352517dpl:GroupUndertakings2022-05-012023-04-3003352517dpl:ParticipatingInterests2022-05-012023-04-3003352517dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3003352517core:ListedExchangeTraded2022-05-012023-04-3003352517dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3003352517core:UnlistedNon-exchangeTraded2022-05-012023-04-3003352517core:NetGoodwill2024-04-3003352517core:IntangibleAssetsOtherThanGoodwill2024-04-3003352517core:LandBuildings2024-04-3003352517core:PlantMachinery2024-04-3003352517core:Vehicles2024-04-3003352517core:FurnitureFittings2024-04-3003352517core:OfficeEquipment2024-04-3003352517core:AfterOneYear2024-04-3003352517core:WithinOneYear2024-04-3003352517core:ListedExchangeTraded2024-04-3003352517core:UnlistedNon-exchangeTraded2024-04-3003352517core:ShareCapital2024-04-3003352517core:SharePremium2024-04-3003352517core:RevaluationReserve2024-04-3003352517core:OtherReservesSubtotal2024-04-3003352517core:RetainedEarningsAccumulatedLosses2024-04-3003352517core:NetGoodwill2023-04-3003352517core:IntangibleAssetsOtherThanGoodwill2023-04-3003352517core:LandBuildings2023-04-3003352517core:PlantMachinery2023-04-3003352517core:Vehicles2023-04-3003352517core:FurnitureFittings2023-04-3003352517core:OfficeEquipment2023-04-3003352517core:AfterOneYear2023-04-3003352517core:WithinOneYear2023-04-3003352517core:ListedExch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Jaymar Electrical Limited

Registered Number
03352517
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

Jaymar Electrical Limited
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Mr M Durrance

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

03352517 (England and Wales)
Jaymar Electrical Limited
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets372,67727,519
72,67727,519
Current assets
Stocks465,55076,365
Debtors5305,954282,225
Cash at bank and on hand-28,951
371,504387,541
Creditors amounts falling due within one year6(328,962)(359,421)
Net current assets (liabilities)42,54228,120
Total assets less current liabilities115,21955,639
Creditors amounts falling due after one year7(53,243)(21,637)
Provisions for liabilities9(18,169)(6,880)
Net assets43,80727,122
Capital and reserves
Called up share capital100100
Profit and loss account43,70727,022
Shareholders' funds43,80727,122
The financial statements were approved and authorised for issue by the Director on 9 October 2024, and are signed on its behalf by:
Mr M Durrance
Director
Registered Company No. 03352517
Jaymar Electrical Limited
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year1010
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 May 232,28187,58910,975100,845
Additions-68,0211,01469,035
At 30 April 242,281155,61011,989169,880
Depreciation and impairment
At 01 May 232,25964,2696,79873,326
Charge for year422,8351,03823,877
At 30 April 242,26387,1047,83697,203
Net book value
At 30 April 241868,5064,15372,677
At 30 April 232223,3204,17727,519
4.Stocks

2024

2023

££
Raw materials and consumables7,5507,365
Work in progress58,00069,000
Total65,55076,365
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables298,067277,876
Other debtors902555
Prepayments and accrued income6,9853,794
Total305,954282,225
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables226,800303,221
Bank borrowings and overdrafts11,89210,648
Taxation and social security67,63736,498
Finance lease and HP contracts15,645-
Other creditors1,2913,358
Accrued liabilities and deferred income5,6975,696
Total328,962359,421
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. National Westminster Bank PLC holds a fixed and floating charge dated 29 June 2000. This charge covers all assets of the company present and future.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,70921,637
Other creditors41,534-
Total53,24321,637
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts41,534-
9.Provisions for liabilities

2024

2023

££
Other provisions18,1696,880
Total18,1696,880
10.Directors advances, credits and guarantees
At the year end the company owed the director £1,051 (2023 - £2,795) by way of their directors current account.