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Company Registration No. 8585924 (England and Wales)
JEM ELECTRICAL CONTRACTORS LIMITED Unaudited accounts for the year ended 30 June 2024
JEM ELECTRICAL CONTRACTORS LIMITED Unaudited accounts Contents
Page
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JEM ELECTRICAL CONTRACTORS LIMITED Company Information for the year ended 30 June 2024
Director
Danny Smith
Company Number
8585924 (England and Wales)
Registered Office
87 GROVE ROAD BECCLES NR34 9RE
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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JEM ELECTRICAL CONTRACTORS LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,150 
26,059 
Current assets
Debtors
7,856 
15,652 
Cash at bank and in hand
18,740 
10,038 
26,596 
25,690 
Creditors: amounts falling due within one year
(8,777)
(9,095)
Net current assets
17,819 
16,595 
Total assets less current liabilities
39,969 
42,654 
Creditors: amounts falling due after more than one year
- 
(9,381)
Net assets
39,969 
33,273 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
39,967 
33,271 
Shareholders' funds
39,969 
33,273 
For the year ending 30 June 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 25 August 2024 and were signed on its behalf by
Danny Smith Director Company Registration No. 8585924
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JEM ELECTRICAL CONTRACTORS LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
JEM ELECTRICAL CONTRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8585924. The registered office is 87 GROVE ROAD, BECCLES, NR34 9RE.
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
Reducing Balance 15%
Motor vehicles
Reducing Balance 15%
Computer equipment
Reducing Balance 15%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
9,604 
46,348 
3,698 
59,650 
At 30 June 2024
9,604 
46,348 
3,698 
59,650 
Depreciation
At 1 July 2023
6,010 
25,616 
1,965 
33,591 
Charge for the year
539 
3,110 
260 
3,909 
At 30 June 2024
6,549 
28,726 
2,225 
37,500 
Net book value
At 30 June 2024
3,055 
17,622 
1,473 
22,150 
At 30 June 2023
3,594 
20,732 
1,733 
26,059 
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JEM ELECTRICAL CONTRACTORS LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,508 
4,854 
Trade debtors
3,348 
10,455 
Other debtors
- 
343 
7,856 
15,652 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,710 
2,483 
Trade creditors
1,131 
3,439 
Taxes and social security
291 
3,173 
Accruals
645 
- 
8,777 
9,095 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
9,381 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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