2JM Services Ltd |
Notes to the Accounts |
for the year ended 30 June 2024 |
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1 |
Accounting policies |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Motor Vehicles |
25% reducing balance |
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Plant and machinery |
25% reducing balance |
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2 |
Employees |
2024 |
|
2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 July 2023 |
6,779 |
|
14,721 |
|
21,500 |
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At 30 June 2024 |
6,779 |
|
14,721 |
|
21,500 |
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|
|
|
|
|
|
|
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Depreciation |
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At 1 July 2023 |
5,287 |
|
8,563 |
|
13,850 |
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Charge for the year |
1,023 |
|
1,867 |
|
2,890 |
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At 30 June 2024 |
6,310 |
|
10,430 |
|
16,740 |
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|
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Net book value |
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At 30 June 2024 |
469 |
|
4,291 |
|
4,760 |
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At 30 June 2023 |
1,492 |
|
6,158 |
|
7,650 |
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4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
Trade debtors |
4,200 |
|
- |
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Other debtors |
103 |
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- |
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|
4,303 |
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- |
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5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
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Trade creditors |
3,761 |
|
474 |
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Other creditors |
35,950 |
|
34,194 |
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|
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|
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|
39,711 |
|
34,668 |
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6 |
Going Concern |
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There was a net deficiency of assets of £30,072 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future. |
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7 |
Other information |
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2JM Services Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Nightingale Cottage |
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Stone Street, Stelling Minnis |
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Canterbury |
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Kent |
|
CT4 6DL |