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REGISTERED NUMBER: 08151423 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

JMC Northern Ltd

JMC Northern Ltd (Registered number: 08151423)






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


JMC Northern Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J McNamara





SECRETARY:





REGISTERED OFFICE: 1 Hardy Close
Nelson Court Business Park
Ashton - on - Ribble
Preston
Lancashire
PR2 2XP





REGISTERED NUMBER: 08151423 (England and Wales)






JMC Northern Ltd (Registered number: 08151423)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,814 240,453

CURRENT ASSETS
Stocks 5 219,089 18,500
Debtors 6 501,744 1,210,320
Cash at bank 160,576 351,838
881,409 1,580,658
CREDITORS
Amounts falling due within one year 7 369,032 973,634
NET CURRENT ASSETS 512,377 607,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,191

847,477

CREDITORS
Amounts falling due after more than
one year

8

(73,309

)

(125,833

)

PROVISIONS FOR LIABILITIES (120,901 ) (60,113 )
NET ASSETS 503,981 661,531

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503,881 661,431
503,981 661,531

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 director acknowledges his 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.

JMC Northern Ltd (Registered number: 08151423)

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 director and authorised for issue on 4 February 2025 and were signed by:





J McNamara - Director


JMC Northern Ltd (Registered number: 08151423)

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

1. STATUTORY INFORMATION

JMC Northern 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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

Completed works are valued at net realisable value.

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.


JMC Northern Ltd (Registered number: 08151423)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September
2024

207,527

17,316

223,556

4,576

452,975
DEPRECIATION
At 1 October 2023 105,173 6,638 96,535 4,176 212,522
Charge for year 20,752 1,732 31,755 400 54,639
At 30 September 2024 125,925 8,370 128,290 4,576 267,161
NET BOOK VALUE
At 30 September 2024 81,602 8,946 95,266 - 185,814
At 30 September 2023 102,354 10,678 127,021 400 240,453

JMC Northern Ltd (Registered number: 08151423)

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

5. STOCKS
30.9.24 30.9.23
£    £   
Works Valuation 199,089 -
Stocks 20,000 18,500
219,089 18,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 448,379 1,008,159
Other debtors 53,365 202,161
501,744 1,210,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 1,296 1,296
Trade creditors 237,990 751,488
Taxation and social security 14,292 118,448
Other creditors 115,454 102,402
369,032 973,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 23,309 33,309
Other creditors 50,000 92,524
73,309 125,833