Registered number
13915959
JMR Heating and Energy Ltd
Filleted Accounts
31 March 2024
JMR Heating and Energy Ltd
Registered number: 13915959
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,330 25,776
Current assets
Stocks 4,470 17,590
Debtors 4 72,263 25,549
Cash at bank and in hand 58,883 20,431
135,616 63,570
Creditors: amounts falling due within one year 5 (137,067) (86,310)
Net current liabilities (1,451) (22,740)
Total assets less current liabilities 20,879 3,036
Provisions for liabilities (2,254) (1,694)
Net assets 18,625 1,342
Capital and reserves
Called up share capital 2 2
Profit and loss account 18,623 1,340
Shareholders' funds 18,625 1,342
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.
Mark Denman
Director
Approved by the board on 28 November 2024
JMR Heating and Energy Ltd
Notes to the Accounts
for the year ended 31 March 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 on completion of the contract.
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 at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 5,868 28,500 34,368
Additions 3,999 - 3,999
At 31 March 2024 9,867 28,500 38,367
Depreciation
At 1 April 2023 1,467 7,125 8,592
Charge for the year 2,101 5,344 7,445
At 31 March 2024 3,568 12,469 16,037
Net book value
At 31 March 2024 6,299 16,031 22,330
At 31 March 2023 4,401 21,375 25,776
4 Debtors 2024 2023
£ £
Trade debtors 53,990 12,575
Other debtors 18,273 12,974
72,263 25,549
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 22,208 11,850
Taxation and social security costs 34,417 9,666
Other creditors 80,442 64,794
137,067 86,310
6 Other information
JMR Heating and Energy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Copperwheat Bank
Marston Moretaine
Bedford
MK43 2AL
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