Registered number
06676403
JMS Building & Maintenance Limited
Filleted Accounts
31 August 2024
JMS Building & Maintenance Limited
Registered number: 06676403
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 3,273
Current assets
Debtors 4 - 8,615
Cash at bank and in hand 264 259
264 8,874
Creditors: amounts falling due within one year 5 (26,693) (24,809)
Net current liabilities (26,429) (15,935)
Total assets less current liabilities (26,429) (12,662)
Creditors: amounts falling due after more than one year 6 (7,292) (12,336)
Net liabilities (33,721) (24,998)
Capital and reserves
Called up share capital 6 6
Profit and loss account (33,727) (25,004)
Shareholders' funds (33,721) (24,998)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Wigginton
Director
Approved by the board on 10 May 2025
JMS Building & Maintenance Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance basis
Fixtures, fittings, tools and equipment 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going concern
The company meets its day to day requirements through the continued support of the creditors, the bank and the shareholders. The directors consider that the company will operate within its current facilities. However, the margin of facilities over the requirements is not large and, inherently, there can be no certainty to these matters. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result in a withdrawal of the support of the creditors, the bank or the shareholders.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 7,296 26,197 33,493
At 31 August 2024 7,296 26,197 33,493
Depreciation
At 1 September 2023 5,897 24,323 30,220
Charge for the year 1,399 1,874 3,273
At 31 August 2024 7,296 26,197 33,493
Net book value
At 31 August 2024 - - -
At 31 August 2023 1,399 1,874 3,273
4 Debtors 2024 2023
£ £
Other debtors - 8,615
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,278 14,135
Trade creditors - 3,198
Taxation and social security costs 8,181 7,476
Other creditors 3,234 -
26,693 24,809
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,292 12,336
7 Other information
JMS Building & Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
River Bank House
65A Bishopstoke Road
Eastleigh
Hampshire
SO50 6BF
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