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REGISTERED NUMBER: 06953357 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

JMJ Fabrications Ltd

JMJ Fabrications Ltd (Registered number: 06953357)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JMJ Fabrications Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L J Gibbons
J L Gibbons
M J Gibbons



REGISTERED OFFICE: 11 Blake Croft
Cheltenham
Gloucestershire
GL51 0PR



REGISTERED NUMBER: 06953357 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
18 Southgate Street
Gloucester
Gloucestershire
GL1 2DH

JMJ Fabrications Ltd (Registered number: 06953357)

Statement of Financial Position
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,196 44,816

CURRENT ASSETS
Stocks 14,000 14,000
Debtors 5 78,753 94,980
Cash at bank 16 -
92,769 108,980
CREDITORS
Amounts falling due within one year 6 106,755 120,195
NET CURRENT LIABILITIES (13,986 ) (11,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,210

33,601

CREDITORS
Amounts falling due after more than one
year

7

(9,167

)

(21,848

)

PROVISIONS FOR LIABILITIES (6,242 ) (9,759 )
NET ASSETS 3,801 1,994

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,801 994
SHAREHOLDERS' FUNDS 3,801 1,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JMJ Fabrications Ltd (Registered number: 06953357)

Statement of Financial Position - continued
31 July 2024


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 19 February 2025 and were signed on its behalf by:





J L Gibbons - Director


JMJ Fabrications Ltd (Registered number: 06953357)

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


1. STATUTORY INFORMATION

JMJ Fabrications Ltd 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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JMJ Fabrications Ltd (Registered number: 06953357)

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


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Despite net current liabilities of £13,986 (2023 - £11,215), the accounts have been prepared on a going concern basis.

The directors have reviewed the future cash flows of the business and have expressed their willingness to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 August 2023 5,435 79,652 54,980 4,248 144,315
Additions - 824 - - 824
Disposals - (2,136 ) - (2,016 ) (4,152 )
At 31 July 2024 5,435 78,340 54,980 2,232 140,987
Depreciation
At 1 August 2023 4,432 57,550 34,579 2,938 99,499
Charge for year 251 5,523 5,100 191 11,065
Eliminated on disposal - (1,303 ) - (1,470 ) (2,773 )
At 31 July 2024 4,683 61,770 39,679 1,659 107,791
Net book value
At 31 July 2024 752 16,570 15,301 573 33,196
At 31 July 2023 1,003 22,102 20,401 1,310 44,816

JMJ Fabrications Ltd (Registered number: 06953357)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 August 2023
and 31 July 2024 9,750
Depreciation
At 1 August 2023 2,895
Charge for year 1,713
At 31 July 2024 4,608
Net book value
At 31 July 2024 5,142
At 31 July 2023 6,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 72,656 86,932
Other debtors 6,097 8,048
78,753 94,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 13,269 17,013
Hire purchase contracts 2,681 2,925
Trade creditors 36,864 47,178
Taxation and social security 13,808 11,644
Other creditors 40,133 41,435
106,755 120,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 9,167 19,167
Hire purchase contracts - 2,681
9,167 21,848

JMJ Fabrications Ltd (Registered number: 06953357)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31/7/24 31/7/23
£    £   
M J Gibbons
Balance outstanding at start of year 5,477 9,796
Amounts advanced 34,662 36,800
Amounts repaid (40,139 ) (41,119 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,477

9. RELATED PARTY DISCLOSURES

L J Gibbons
Director

A loan exists between the director L J Gibbons and the company. At 31 July 2024 the director was owed £3,905 (2023 - £1,177) by the company. The loan is interest free and has no fixed repayment terms.

J L Gibbons
Director

A loan exists between the director J L Gibbons and the company. At 31 July 2024 the director was owed £23,765 (2023 - £33,454) by the company. The loan is interest free and has no fixed repayment terms.