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REGISTERED NUMBER: 05279509 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JMBC (BUILDING CONTRACTORS) LIMITED

JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMBC (BUILDING CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J M Martlew
A M Martlew
C M Atkinson





SECRETARY: A M Martlew





REGISTERED OFFICE: Unit 1
Collins Industrial Estate
Merton Bank Road
St. Helens
Merseyside
WA9 1HY





REGISTERED NUMBER: 05279509 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 18,000
Tangible assets 5 139,048 96,320
148,048 114,320

CURRENT ASSETS
Stocks 96,977 1,000
Debtors 6 1,002,786 2,160,748
Cash at bank 639,345 664,759
1,739,108 2,826,507
CREDITORS
Amounts falling due within one year 7 1,173,730 1,921,488
NET CURRENT ASSETS 565,378 905,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,426

1,019,339

PROVISIONS FOR LIABILITIES - 24,080
NET ASSETS 713,426 995,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 713,326 995,159
SHAREHOLDERS' FUNDS 713,426 995,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)

BALANCE SHEET - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





J M Martlew - Director


JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

JMBC (Building Contractors) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents building work conducted during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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 balance sheet date.


JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets that are held by the company under leases which transfer to the company substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation, Lease payments are apportioned between finance expense and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the profit and loss account.

Operating lease payments are recognised as an expense on a straightline basis over the lease term, except where another systematic basis is more representative of the time pattern in which the economic benefits from the leased asset are consumed.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 180,000
AMORTISATION
At 1 April 2023 162,000
Charge for year 9,000
At 31 March 2024 171,000
NET BOOK VALUE
At 31 March 2024 9,000
At 31 March 2023 18,000

JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 4,787 2,282 120,510 4,301 131,880
Additions 190 - 66,963 1,500 68,653
At 31 March 2024 4,977 2,282 187,473 5,801 200,533
DEPRECIATION
At 1 April 2023 4,173 1,775 25,952 3,660 35,560
Charge for year 102 76 25,035 712 25,925
At 31 March 2024 4,275 1,851 50,987 4,372 61,485
NET BOOK VALUE
At 31 March 2024 702 431 136,486 1,429 139,048
At 31 March 2023 614 507 94,558 641 96,320

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 18,410
Transfer to ownership (18,410 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 10,967
Charge for year 1,551
Transfer to ownership (12,518 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 7,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 886,285 2,019,205
Other debtors 116,501 141,543
1,002,786 2,160,748

JMBC (BUILDING CONTRACTORS) LIMITED (REGISTERED NUMBER: 05279509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 3,213
Trade creditors 1,129,309 1,647,336
Taxation and social security 29,712 260,764
Other creditors 14,709 10,175
1,173,730 1,921,488

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J M Martlew and A M Martlew
Balance outstanding at start of year 51,450 49,381
Amounts advanced 49,062 52,069
Amounts repaid (52,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,512 51,450