Registered number
08908152
JME Controls Limited
Filleted Accounts
29 February 2024
JME Controls Limited
Registered number: 08908152
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 104,026 88,515
Current assets
Debtors 4 67,100 79,900
Cash at bank and in hand 193,257 133,232
260,357 213,132
Creditors: amounts falling due within one year 5 (117,825) (109,086)
Net current assets 142,532 104,046
Total assets less current liabilities 246,558 192,561
Creditors: amounts falling due after more than one year 6 (25,660) (37,926)
Net assets 220,898 154,635
Capital and reserves
Called up share capital 100 100
Profit and loss account 220,798 154,535
Shareholders' funds 220,898 154,635
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Moore
Director
Approved by the board on 7 March 2024
JME Controls Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 5,465 122,878 128,343
Additions - 35,200 35,200
Disposals - (20,262) (20,262)
At 29 February 2024 5,465 137,816 143,281
Depreciation
At 1 March 2023 4,146 35,682 39,828
Charge for the year - 19,689 19,689
On disposals - (20,262) (20,262)
At 29 February 2024 4,146 35,109 39,255
Net book value
At 29 February 2024 1,319 102,707 104,026
At 28 February 2023 1,319 87,196 88,515
4 Debtors 2024 2023
£ £
Trade debtors 67,100 79,900
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,085 3,384
Trade creditors 35,912 38,178
Taxation and social security costs 79,828 67,524
117,825 109,086
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,660 35,833
Obligations under finance lease and hire purchase contracts - 2,093
25,660 37,926
7 Other information
JME Controls Limited is a private company limited by shares and incorporated in England. Its registered office is:
Blythe Business Park
Cresswell Lane
Stoke on Trent
ST11 9RD
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