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COMPANY REGISTRATION NUMBER: 12611205
JMR Healthcare Ltd
Unaudited financial statements
31 May 2024
JMR Healthcare Ltd
Statement of financial position
31 May 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
64,469
71,324
Current assets
Debtors
6
768,088
643,025
Cash at bank and in hand
52,834
142,290
---------
---------
820,922
785,315
Creditors: Amounts falling due within one year
7
( 179,576)
( 323,972)
---------
---------
Net current assets
641,346
461,343
---------
---------
Total assets less current liabilities
705,815
532,667
Creditors: Amounts falling due after more than one year
8
( 21,686)
( 43,402)
Provisions
Taxation including deferred tax
( 5,003)
( 8,834)
---------
---------
Net assets
679,126
480,431
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
679,125
480,430
---------
---------
Shareholders funds
679,126
480,431
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JMR Healthcare Ltd
Statement of financial position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 17 February 2025 , and are signed on behalf of the board by:
J A Melton-Royal
Director
Company registration number: 12611205
JMR Healthcare Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Hire purchase contracts
Assets held under hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
4. Employee numbers
The average number of employees during the year was 18 (2023: 18 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 June 2023
64,924
36,943
101,867
Additions
16,942
16,942
-------
-------
---------
At 31 May 2024
64,924
53,885
118,809
-------
-------
---------
Depreciation
At 1 June 2023
13,548
16,995
30,543
Charge for the year
11,470
12,327
23,797
-------
-------
---------
At 31 May 2024
25,018
29,322
54,340
-------
-------
---------
Carrying amount
At 31 May 2024
39,906
24,563
64,469
-------
-------
---------
At 31 May 2023
51,376
19,948
71,324
-------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
85,125
190,344
Amounts owed by group undertakings and undertakings in which the company has a participating interest
662,543
406,402
Other debtors
20,420
46,279
---------
---------
768,088
643,025
---------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
8,400
10,993
------
-------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
44,151
27,343
Social security and other taxes
90,243
131,508
Other creditors
45,182
165,121
---------
---------
179,576
323,972
---------
---------
Included within other creditors is £21,716 (2023: £154,999) which is secured by charges over assets held by the company.
8. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Other creditors
21,686
43,402
-------
-------
Included within other creditors is £21,686 (2023: £43,402) which is secured by charges over assets held by the company.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
7,226
42,798
Later than 1 year and not later than 5 years
7,524
18,414
-------
-------
14,750
61,212
-------
-------
10. Controlling party
The ultimate parent company is JMR Group Holdings Ltd whose registered office is Roxburgh House, Rosebery Business Park, Mentmore Way, Poringland, Norfolk, NR14 7XP.