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REGISTERED NUMBER: 07253497 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

J P M UTILITIES LIMITED

J P M UTILITIES LIMITED (REGISTERED NUMBER: 07253497)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

J P M UTILITIES LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P J O'Neill
Mrs A E E O'Neill





REGISTERED OFFICE: Telegraph House
59 Wolverhampton Road
Stafford
ST17 4AW





REGISTERED NUMBER: 07253497 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

J P M UTILITIES LIMITED (REGISTERED NUMBER: 07253497)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,198 99,951

CURRENT ASSETS
Stocks 25,000 27,834
Debtors 5 42,748 41,981
Cash at bank 85,623 149,062
153,371 218,877
CREDITORS
Amounts falling due within one year 6 59,423 73,080
NET CURRENT ASSETS 93,948 145,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,146

245,748

CREDITORS
Amounts falling due after more than one year 7 (45,807 ) (74,024 )

PROVISIONS FOR LIABILITIES (16,255 ) (24,050 )
NET ASSETS 126,084 147,674

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 106,084 127,674
SHAREHOLDERS' FUNDS 126,084 147,674

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.

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 February 2025 and were signed on its behalf by:





P J O'Neill - Director


J P M UTILITIES LIMITED (REGISTERED NUMBER: 07253497)

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


1. STATUTORY INFORMATION

J P M Utilities Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

J P M UTILITIES LIMITED (REGISTERED NUMBER: 07253497)

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 102,694 2,850 193,102 7,692 306,338
Additions 597 6,440 32,750 - 39,787
Disposals - - (30,374 ) - (30,374 )
At 31 May 2024 103,291 9,290 195,478 7,692 315,751
DEPRECIATION
At 1 June 2023 80,210 1,731 117,671 6,775 206,387
Charge for year 4,870 789 23,196 230 29,085
Eliminated on disposal - - (13,919 ) - (13,919 )
At 31 May 2024 85,080 2,520 126,948 7,005 221,553
NET BOOK VALUE
At 31 May 2024 18,211 6,770 68,530 687 94,198
At 31 May 2023 22,484 1,119 75,431 917 99,951

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 54,359
Disposals (30,374 )
At 31 May 2024 23,985
DEPRECIATION
At 1 June 2023 19,285
Charge for year 5,127
Eliminated on disposal (13,919 )
At 31 May 2024 10,493
NET BOOK VALUE
At 31 May 2024 13,492
At 31 May 2023 35,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 30,719 34,602
Other debtors 12,029 7,379
42,748 41,981

J P M UTILITIES LIMITED (REGISTERED NUMBER: 07253497)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 3,198 7,001
Trade creditors 9,960 21,324
Taxation and social security 25,498 23,203
Other creditors 20,767 21,552
59,423 73,080

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 807 4,024
Other creditors 45,000 70,000
45,807 74,024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J O'Neill.

9. OTHER CREDITOR OVER ONE YEAR

The director's loan account presented as due after one year is deemed repayable at one year and one day after the year end, no discounting is therefore considered to be appropriate.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J P M Utilities Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J P M Utilities Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J P M Utilities Limited, as a body, in accordance with the terms of our engagement letter dated 8 March 2019. Our work has been undertaken solely to prepare for your approval the financial statements of J P M Utilities Limited and state those matters that we have agreed to state to the Board of Directors of J P M Utilities Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J P M Utilities Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J P M Utilities Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J P M Utilities Limited. You consider that J P M Utilities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J P M Utilities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


21 February 2025