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REGISTERED NUMBER: 03035583 (England and Wales)














J M Automatics Limited

Unaudited Financial Statements

for the Year Ended 28 February 2025






J M Automatics Limited (Registered number: 03035583)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M Automatics Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: D L Psaila



REGISTERED OFFICE: E4 Voyager Park
Portfield Road
Portsmouth
Hampshire
PO3 5FL



REGISTERED NUMBER: 03035583 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: National Westminster Bank
130 Commercial Road
Portsmouth
Hampshire
PO1 1EJ

J M Automatics Limited (Registered number: 03035583)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 140,390 129,597

CURRENT ASSETS
Debtors 5 742,058 583,420
Cash at bank and in hand 1,265,965 1,253,386
2,008,023 1,836,806
CREDITORS
Amounts falling due within one year 6 310,482 279,426
NET CURRENT ASSETS 1,697,541 1,557,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,837,931

1,686,977

CREDITORS
Amounts falling due after more than one year 7 (38,268 ) (72,406 )

PROVISIONS FOR LIABILITIES 8 (35,098 ) (30,056 )
NET ASSETS 1,764,565 1,584,515

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 950 950
Retained earnings 1,763,565 1,583,515
SHAREHOLDERS' FUNDS 1,764,565 1,584,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J M Automatics Limited (Registered number: 03035583)

Balance Sheet - continued
28 February 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





D L Psaila - Director


J M Automatics Limited (Registered number: 03035583)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

J M Automatics Limited 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 23 ) .

J M Automatics Limited (Registered number: 03035583)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 1,465,650 99,097 21,097 1,585,844
Additions 30,000 26,995 999 57,994
Disposals - (16,667 ) - (16,667 )
At 28 February 2025 1,495,650 109,425 22,096 1,627,171
DEPRECIATION
At 1 March 2024 1,382,711 52,439 21,097 1,456,247
Charge for year 28,416 13,802 145 42,363
Eliminated on disposal - (11,829 ) - (11,829 )
At 28 February 2025 1,411,127 54,412 21,242 1,486,781
NET BOOK VALUE
At 28 February 2025 84,523 55,013 854 140,390
At 29 February 2024 82,939 46,658 - 129,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 717,607 564,128
Other debtors 10,000 -
Prepayments 14,451 19,292
742,058 583,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 34,138 34,138
Trade creditors 46,596 78,895
Taxation 85,347 111,135
Social security and other taxes 13,678 15,588
VAT 82,537 23,170
Other creditors 36,186 -
Accrued expenses 12,000 16,500
310,482 279,426

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 38,268 72,406

J M Automatics Limited (Registered number: 03035583)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 35,098 30,056

Deferred
tax
£   
Balance at 1 March 2024 30,056
Accelerated capital allowances 5,042
Balance at 28 February 2025 35,098