JMTECHNICAL DESIGNS LTD

Company Registration Number:
12450241 (England and Wales)

Unaudited abridged accounts for the year ended 27 February 2024

Period of accounts

Start date: 28 February 2023

End date: 27 February 2024

JMTECHNICAL DESIGNS LTD

Contents of the Financial Statements

for the Period Ended 27 February 2024

Balance sheet
Notes

JMTECHNICAL DESIGNS LTD

Balance sheet

As at 27 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,419,100 1,597,000
Total fixed assets: 1,419,100 1,597,000
Current assets
Stocks: 0 0
Debtors:   180,421 0
Cash at bank and in hand: 177,755 38,507
Total current assets: 358,176 38,507
Creditors: amounts falling due within one year:   (1,260,280) (6,418)
Net current assets (liabilities): (902,104) 32,089
Total assets less current liabilities: 516,996 1,629,089
Provision for liabilities:   (241,234)
Total net assets (liabilities): 516,996 1,387,855
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 506,996 1,377,855
Shareholders funds: 516,996 1,387,855

The notes form part of these financial statements

JMTECHNICAL DESIGNS LTD

Balance sheet statements

For the year ending 27 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: J Williams
Status: Director

The notes form part of these financial statements

JMTECHNICAL DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 27 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Intangible fixed assets and amortisation policy

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Development costs 10% - Straight Line A period of 10 years has been deemed appropriate for the useful economic life of the intangible assets by way of the nature and expected future use of the assets.

JMTECHNICAL DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 27 February 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

JMTECHNICAL DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 27 February 2024

3. Intangible Assets

Total
Cost £
At 28 February 2023 1,597,000
At 27 February 2024 1,597,000
Amortisation
At 28 February 2023 0
Charge for year 177,900
At 27 February 2024 177,900
Net book value
At 27 February 2024 1,419,100
At 27 February 2023 1,597,000