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REGISTERED NUMBER: 09405645 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

J & M BEDROOMS LIMITED

J & M BEDROOMS LIMITED (REGISTERED NUMBER: 09405645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J & M BEDROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: J P McKone
Mrs M L McKone





REGISTERED OFFICE: 45a Church Balk
Edenthorpe
Doncaster
South Yorkshire
DN3 2LX





REGISTERED NUMBER: 09405645 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

J & M BEDROOMS LIMITED (REGISTERED NUMBER: 09405645)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 2,996 4,150
4,996 8,150

CURRENT ASSETS
Stocks 6 2,000 2,000
Debtors 7 4,252 3,439
Cash at bank and in hand 15,354 46,688
21,606 52,127
CREDITORS
Amounts falling due within one year 8 20,834 28,955
NET CURRENT ASSETS 772 23,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,768

31,322

PROVISIONS FOR LIABILITIES 601 789
NET ASSETS 5,167 30,533

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,067 30,433
SHAREHOLDERS' FUNDS 5,167 30,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

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 27th November 2024 and were signed on its behalf by:




J P McKone - Director


J & M BEDROOMS LIMITED (REGISTERED NUMBER: 09405645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

J & M Bedrooms 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

J & M BEDROOMS LIMITED (REGISTERED NUMBER: 09405645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 20,000
AMORTISATION
At 1st March 2023 16,000
Charge for year 2,000
At 29th February 2024 18,000
NET BOOK VALUE
At 29th February 2024 2,000
At 28th February 2023 4,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2023
and 29th February 2024 10,540 7,700 473 18,713
DEPRECIATION
At 1st March 2023 8,378 5,873 312 14,563
Charge for year 540 457 157 1,154
At 29th February 2024 8,918 6,330 469 15,717
NET BOOK VALUE
At 29th February 2024 1,622 1,370 4 2,996
At 28th February 2023 2,162 1,827 161 4,150

6. STOCKS
29.2.24 28.2.23
£    £   
Stocks 2,000 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 3,477 2,734
Other debtors 775 705
4,252 3,439

J & M BEDROOMS LIMITED (REGISTERED NUMBER: 09405645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,768 1,360
Taxation and social security 15,528 25,416
Other creditors 2,538 2,179
20,834 28,955

9. ULTIMATE CONTROLLING PARTY

Mr J P McKone and Mrs M L McKone exercise joint control over the company.