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REGISTERED NUMBER: 04680913 (England and Wales)














J J MAC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






J J MAC LTD (REGISTERED NUMBER: 04680913)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J J MAC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J J Furlong





SECRETARY: Mrs T Furlong





REGISTERED OFFICE: JJ Mac Ltd
Spalding Road
Bourne
Lincolnshire
PE10 0AU





REGISTERED NUMBER: 04680913 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Commerce House
18 West Street
Bourne
Lincolnshire
PE10 9NE

J J MAC LTD (REGISTERED NUMBER: 04680913)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,990,563 3,058,395

CURRENT ASSETS
Work-in-progress 657,078 408,517
Debtors 4 1,566,045 1,973,860
Prepayments and accrued income 28,142 62,213
Cash at bank 2,124,774 1,631,284
4,376,039 4,075,874
CREDITORS
Amounts falling due within one year 5 400,478 493,406
NET CURRENT ASSETS 3,975,561 3,582,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,966,124

6,640,863

CREDITORS
Amounts falling due after more than one
year

6

-

(7,684

)

PROVISIONS FOR LIABILITIES (382,823 ) (545,585 )
NET ASSETS 6,583,301 6,087,594

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,583,201 6,087,494
SHAREHOLDERS' FUNDS 6,583,301 6,087,594

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

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

J J MAC LTD (REGISTERED NUMBER: 04680913)

BALANCE SHEET - continued
30 JUNE 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 16 January 2025 and were signed by:





J J Furlong - Director


J J MAC LTD (REGISTERED NUMBER: 04680913)

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


1. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work-in-progress 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.

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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

J J MAC LTD (REGISTERED NUMBER: 04680913)

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


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 264,948 4,787,280 626,597 33,099 5,711,924
Additions - 473,112 303,620 - 776,732
Disposals - (224,600 ) (123,832 ) - (348,432 )
At 30 June 2024 264,948 5,035,792 806,385 33,099 6,140,224
DEPRECIATION
At 1 July 2023 - 2,353,715 276,238 23,576 2,653,529
Charge for year - 628,033 108,738 1,906 738,677
Eliminated on disposal - (177,982 ) (64,563 ) - (242,545 )
At 30 June 2024 - 2,803,766 320,413 25,482 3,149,661
NET BOOK VALUE
At 30 June 2024 264,948 2,232,026 485,972 7,617 2,990,563
At 30 June 2023 264,948 2,433,565 350,359 9,523 3,058,395

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 358,750 59,150 417,900
Disposals - (59,150 ) (59,150 )
At 30 June 2024 358,750 - 358,750
DEPRECIATION
At 1 July 2023 144,162 28,651 172,813
Charge for year 53,647 7,625 61,272
Eliminated on disposal - (36,276 ) (36,276 )
At 30 June 2024 197,809 - 197,809
NET BOOK VALUE
At 30 June 2024 160,941 - 160,941
At 30 June 2023 214,588 30,499 245,087

J J MAC LTD (REGISTERED NUMBER: 04680913)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 460,345 1,515,909
Amounts owed by associates 1,065,663 265,663
Other debtors 40,037 192,288
1,566,045 1,973,860

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,529 -
Hire purchase contracts - 105,534
Trade creditors 281,833 355,537
Taxation and social security 37,775 26,835
Other creditors 77,341 5,500
400,478 493,406

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 7,684

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
J J Furlong
Balance outstanding at start of year 122,883 -
Amounts advanced - 122,883
Amounts repaid (122,883 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 122,883