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Company Registration No. 08676137 (England and Wales)
N J M South West Ltd Unaudited accounts for the year ended 30 September 2024
N J M South West Ltd Unaudited accounts Contents
Page
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N J M South West Ltd Company Information for the year ended 30 September 2024
Directors
Mr N J Millin Miss G E Millin
Company Number
08676137 (England and Wales)
Registered Office
1 Berachan Road Torquay Deon TQ1 3AX England
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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N J M South West Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,517 
62,530 
Current assets
Inventories
13,039 
11,222 
Debtors
26,971 
28,213 
Cash at bank and in hand
230,314 
271,627 
270,324 
311,062 
Creditors: amounts falling due within one year
(195,422)
(227,568)
Net current assets
74,902 
83,494 
Total assets less current liabilities
142,419 
146,024 
Provisions for liabilities
Deferred tax
(12,307)
(11,245)
Net assets
130,112 
134,779 
Capital and reserves
Called up share capital
20 
10 
Profit and loss account
130,092 
134,769 
Shareholders' funds
130,112 
134,779 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 5 April 2025 and were signed on its behalf by
Miss G E Millin Director Company Registration No. 08676137
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N J M South West Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
N J M South West Ltd is a private company, limited by shares, registered in England and Wales, registration number 08676137. The registered office is 1 Berachan Road, Torquay, Deon, TQ1 3AX, England.
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
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
20% Reducing Balance Basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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N J M South West Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
112,367 
56,245 
8,733 
177,345 
Additions
17,812 
- 
1,166 
18,978 
At 30 September 2024
130,179 
56,245 
9,899 
196,323 
Depreciation
At 1 October 2023
68,774 
41,039 
5,002 
114,815 
Charge for the year
9,211 
3,801 
979 
13,991 
At 30 September 2024
77,985 
44,840 
5,981 
128,806 
Net book value
At 30 September 2024
52,194 
11,405 
3,918 
67,517 
At 30 September 2023
43,593 
15,206 
3,731 
62,530 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,799 
23,766 
Accrued income and prepayments
5,172 
4,447 
26,971 
28,213 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,934 
24,967 
Taxes and social security
24,109 
22,825 
Other creditors
69 
25 
Loans from directors
56,985 
48,976 
Accruals
101,325 
130,775 
195,422 
227,568 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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