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Company Registration No. NI679340 (Northern Ireland)
JIM'S DIY LTD Unaudited accounts for the year ended 31 May 2024
JIM'S DIY LTD Unaudited accounts Contents
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JIM'S DIY LTD Company Information for the year ended 31 May 2024
Director
Mr James Finlay
Company Number
NI679340 (Northern Ireland)
Registered Office
9 SMITHFIELD LISBURN BT28 1TH NORTHERN IRELAND
Accountants
W F Lemon & Co Ltd 65 Bachelors Walk Lisburn Co. Antrim BT28 1XN
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JIM'S DIY LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,258 
62,326 
Current assets
Inventories
194,835 
256,220 
Debtors
(7,025)
623 
Cash at bank and in hand
39 
- 
187,849 
256,843 
Creditors: amounts falling due within one year
(148,953)
(199,054)
Net current assets
38,896 
57,789 
Total assets less current liabilities
98,154 
120,115 
Creditors: amounts falling due after more than one year
(19,726)
(29,466)
Net assets
78,428 
90,649 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
78,426 
90,647 
Shareholders' funds
78,428 
90,649 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Mr James Finlay Director Company Registration No. NI679340
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JIM'S DIY LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
JIM'S DIY LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI679340. The registered office is 9 SMITHFIELD, LISBURN, BT28 1TH, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Straight Line Depreciation
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
66,155 
At 31 May 2024
66,155 
Depreciation
At 1 June 2023
3,829 
Charge for the year
3,068 
At 31 May 2024
6,897 
Net book value
At 31 May 2024
59,258 
At 31 May 2023
62,326 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(7,027)
621 
Other debtors
2 
2 
(7,025)
623 
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JIM'S DIY LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,097 
32,323 
Obligations under finance leases and hire purchase contracts
12,194 
12,194 
Trade creditors
58,513 
85,012 
Taxes and social security
10,970 
13,057 
Loans from directors
32,179 
56,468 
148,953 
199,054 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
19,726 
29,466 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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