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REGISTERED NUMBER: SC195459 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

JRM Products Limited

JRM Products Limited (Registered number: SC195459)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JRM Products Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Seaton
Mrs J Seaton





SECRETARY: R Seaton





REGISTERED OFFICE: 47-49 The Square
Kelso
Roxburghshire
TD5 7HW





REGISTERED NUMBER: SC195459 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

JRM Products Limited (Registered number: SC195459)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 448,653 524,144
448,654 524,145

CURRENT ASSETS
Inventories 376,146 514,653
Debtors 6 775,008 711,737
Prepayments and accrued income 17,779 15,587
Cash at bank 1,921,697 1,769,456
3,090,630 3,011,433
CREDITORS
Amounts falling due within one year 7 181,037 170,103
NET CURRENT ASSETS 2,909,593 2,841,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,358,247

3,365,475

PROVISIONS FOR LIABILITIES (43,500 ) (58,500 )

ACCRUALS AND DEFERRED INCOME (10,593 ) (10,780 )
NET ASSETS 3,304,154 3,296,195

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,304,054 3,296,095
SHAREHOLDERS' FUNDS 3,304,154 3,296,195

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

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

JRM Products Limited (Registered number: SC195459)

Balance Sheet - continued
30 September 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 21 January 2025 and were signed on its behalf by:





Mrs J Seaton - Director


JRM Products Limited (Registered number: SC195459)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

JRM Products Limited is a private company, limited by shares , registered in Scotland. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on reducing balance
Plant and machinery - Straight line over 5 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 5 years

Stocks
Inventories 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

JRM Products Limited (Registered number: SC195459)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 485,935 1,328,944 6,200 141,883 1,962,962
Additions 22,644 304 - - 22,948
At 30 September 2024 508,579 1,329,248 6,200 141,883 1,985,910
DEPRECIATION
At 1 October 2023 223,069 1,073,742 6,200 135,807 1,438,818
Charge for year 10,816 84,770 - 2,853 98,439
At 30 September 2024 233,885 1,158,512 6,200 138,660 1,537,257
NET BOOK VALUE
At 30 September 2024 274,694 170,736 - 3,223 448,653
At 30 September 2023 262,866 255,202 - 6,076 524,144

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 155,682 143,644
Other debtors 560,000 500,300
VAT 59,326 67,793
775,008 711,737

JRM Products Limited (Registered number: SC195459)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 166,850 151,249
Tax - 1,672
Social security and other taxes 9,992 10,327
Other creditors 2,878 6,570
Directors' loan accounts 1,317 285
181,037 170,103

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the directors £412 (2021 - £1,477). This is an interest free loan and there are no specific repayment terms.