IRIS Accounts Production v24.3.2.46 12622096 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126220962023-05-31126220962024-05-31126220962023-06-012024-05-31126220962022-05-31126220962022-06-012023-05-31126220962023-05-3112622096ns15:EnglandWales2023-06-012024-05-3112622096ns14:PoundSterling2023-06-012024-05-3112622096ns10:Director12023-06-012024-05-3112622096ns10:Director22023-06-012024-05-3112622096ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112622096ns10:SmallEntities2023-06-012024-05-3112622096ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112622096ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112622096ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112622096ns10:FullAccounts2023-06-012024-05-3112622096ns10:OrdinaryShareClass12023-06-012024-05-3112622096ns10:RegisteredOffice2023-06-012024-05-3112622096ns5:CurrentFinancialInstruments2024-05-3112622096ns5:CurrentFinancialInstruments2023-05-3112622096ns5:Non-currentFinancialInstruments2024-05-3112622096ns5:Non-currentFinancialInstruments2023-05-3112622096ns5:ShareCapital2024-05-3112622096ns5:ShareCapital2023-05-3112622096ns5:SharePremium2024-05-3112622096ns5:SharePremium2023-05-3112622096ns5:RetainedEarningsAccumulatedLosses2024-05-3112622096ns5:RetainedEarningsAccumulatedLosses2023-05-3112622096ns5:PlantMachinery2023-06-012024-05-3112622096ns5:FurnitureFittings2023-06-012024-05-3112622096ns5:MotorVehicles2023-06-012024-05-3112622096ns5:ComputerEquipment2023-06-012024-05-3112622096ns5:PlantMachinery2023-05-3112622096ns5:FurnitureFittings2023-05-3112622096ns5:MotorVehicles2023-05-3112622096ns5:ComputerEquipment2023-05-3112622096ns5:PlantMachinery2024-05-3112622096ns5:FurnitureFittings2024-05-3112622096ns5:MotorVehicles2024-05-3112622096ns5:ComputerEquipment2024-05-3112622096ns5:PlantMachinery2023-05-3112622096ns5:FurnitureFittings2023-05-3112622096ns5:MotorVehicles2023-05-3112622096ns5:ComputerEquipment2023-05-3112622096ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3112622096ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3112622096ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 12622096 (England and Wales)


















J&M Electrobikes Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






J&M Electrobikes Ltd (Registered number: 12622096)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&M Electrobikes Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr M G Drew
Mrs E Drew





REGISTERED OFFICE: Unit 13
Rockhaven Park
Kembrey Street
Swindon
SN2 8BB





REGISTERED NUMBER: 12622096 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

J&M Electrobikes Ltd (Registered number: 12622096)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,257 19,236

CURRENT ASSETS
Stocks 5 115,424 135,538
Debtors 6 12,030 4,818
Cash at bank 1,953 3,981
129,407 144,337
CREDITORS
Amounts falling due within one year 7 (286,647 ) (194,387 )
NET CURRENT LIABILITIES (157,240 ) (50,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(140,983

)

(30,814

)

CREDITORS
Amounts falling due after more than one
year

8

(11,541

)

(23,462

)
NET LIABILITIES (152,524 ) (54,276 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 24,750 24,750
Retained earnings (178,274 ) (80,026 )
SHAREHOLDERS' FUNDS (152,524 ) (54,276 )

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

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

J&M Electrobikes Ltd (Registered number: 12622096)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




Mr M G Drew - Director



Mrs E Drew - Director


J&M Electrobikes Ltd (Registered number: 12622096)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

J&M Electrobikes Ltd 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.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 10% on cost
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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 3 (2023 - 2 ) .

J&M Electrobikes Ltd (Registered number: 12622096)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 7,157 - 19,495 797 27,449
Additions 1,367 320 - - 1,687
Disposals (1,460 ) - - - (1,460 )
At 31 May 2024 7,064 320 19,495 797 27,676
DEPRECIATION
At 1 June 2023 4,307 - 3,640 266 8,213
Charge for year 1,657 64 1,949 265 3,935
Eliminated on disposal (729 ) - - - (729 )
At 31 May 2024 5,235 64 5,589 531 11,419
NET BOOK VALUE
At 31 May 2024 1,829 256 13,906 266 16,257
At 31 May 2023 2,850 - 15,855 531 19,236

5. STOCKS
2024 2023
£    £   
Stocks 115,424 135,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 3,018
Other debtors 11,030 1,800
12,030 4,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,173 3,758
Trade creditors 153,564 130,834
Taxation and social security 2,499 101
Other creditors 126,411 59,694
286,647 194,387

J&M Electrobikes Ltd (Registered number: 12622096)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 5,061 9,422
Other creditors 6,480 14,040
11,541 23,462

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000