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REGISTERED NUMBER: 03269250 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

JMS JANITORIAL SUPPLIES LIMITED

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMS JANITORIAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M J Joslin
S J Joslin





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





BUSINESS ADDRESS: Unit 8 Astra Business Centre
Bonehurst Road
Salfords
Nr Redhill
Surrey
RH1 5TL





REGISTERED NUMBER: 03269250 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,784 47,294
Tangible assets 5 1,715,388 1,667,228
1,752,172 1,714,522

CURRENT ASSETS
Stocks 1,201,440 1,172,048
Debtors 6 1,426,646 1,132,036
Cash at bank and in hand 117,511 327,215
2,745,597 2,631,299
CREDITORS
Amounts falling due within one year 7 1,966,398 1,776,857
NET CURRENT ASSETS 779,199 854,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,531,371

2,568,964

CREDITORS
Amounts falling due after more than one
year

8

(684,128

)

(709,636

)

PROVISIONS FOR LIABILITIES (55,123 ) (41,307 )
NET ASSETS 1,792,120 1,818,021

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 1,791,980 1,817,881
1,792,120 1,818,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

BALANCE SHEET - continued
30 APRIL 2024


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 20 January 2025 and were signed on its behalf by:




M J Joslin - Director



S J Joslin - Director


JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

JMS Janitorial Supplies 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.

Critical accounting judgements and key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Provision for bad or doubtful debts
A provision for bad and doubtful debts is established where it is estimated that trade or other debtors are not fully recoverable. When assessing recoverability the Directors consider factors such as the ageing of the receivables, past experience of recoverability, and the credit profile off individual or groups of debtors.

Impairment of fixed assets
Determine whether there are indicators of impairment of the company's fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issued such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases 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 47 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 52,549
AMORTISATION
At 1 May 2023 5,255
Charge for year 10,510
At 30 April 2024 15,765
NET BOOK VALUE
At 30 April 2024 36,784
At 30 April 2023 47,294

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 1,439,362 25,067 314,713
Additions - - 13,541
Disposals - - -
At 30 April 2024 1,439,362 25,067 328,254
DEPRECIATION
At 1 May 2023 - 25,067 235,810
Charge for year - - 15,911
Eliminated on disposal - - -
At 30 April 2024 - 25,067 251,721
NET BOOK VALUE
At 30 April 2024 1,439,362 - 76,533
At 30 April 2023 1,439,362 - 78,903

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 218,566 269,037 2,266,745
Additions 8,394 106,490 128,425
Disposals - (53,940 ) (53,940 )
At 30 April 2024 226,960 321,587 2,341,230
DEPRECIATION
At 1 May 2023 176,670 161,970 599,517
Charge for year 9,864 34,025 59,800
Eliminated on disposal - (33,475 ) (33,475 )
At 30 April 2024 186,534 162,520 625,842
NET BOOK VALUE
At 30 April 2024 40,426 159,067 1,715,388
At 30 April 2023 41,896 107,067 1,667,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 873,663 883,203
Bad debt provision (8,257 ) (8,257 )
Amounts owed by associates 235,500 -
Other debtors 79,738 6,400
Directors' current accounts 225,000 225,000
Prepayments and accrued income 21,002 25,690
1,426,646 1,132,036

Included within debtors is an amount of £235,500 (2023: £nil) which is due from an associated company called Aperta Aviation Limited. M J Joslin is a director of both companies.

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 303,714 333,156
Hire purchase contracts (see note 9) 19,718 25,857
Trade creditors 1,487,881 1,281,624
Tax 49,758 68,928
VAT 92,794 53,924
Accruals and deferred income 12,533 13,368
1,966,398 1,776,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 40,000 40,000
Bank loans - 2-5 years 621,645 658,052
Hire purchase contracts (see note 9) 22,483 11,584
684,128 709,636

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 19,718 25,857
Between one and five years 22,483 11,584
42,201 37,441

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 118,545 120,883
Between one and five years 348,096 332,496
In more than five years 67,685 175,484
534,326 628,863

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 701,645 738,052

The Barclays bank loan above is secured by a fixed and floating charge over all the assets of the company including the property held by the company.

JMS JANITORIAL SUPPLIES LIMITED (REGISTERED NUMBER: 03269250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M J Joslin
Balance outstanding at start of year 225,000 2,000
Amounts advanced - 225,000
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 225,000 225,000