Company registration number 02985365 (England and Wales)
J.M. Building Services Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2024
PAGES FOR FILING WITH REGISTRAR
J.M. Building Services Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
J.M. Building Services Limited
Statement of financial position
as at 31 October 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
622
3,892
Current assets
Stocks
10,000
6,000
Debtors
191,781
112,838
Cash at bank and in hand
36,429
7,100
238,210
125,938
Creditors: amounts falling due within one year
(97,575)
(24,561)
Net current assets
140,635
101,377
Total assets less current liabilities
141,257
105,269
Provisions for liabilities
4
(118)
(335)
Net assets
141,139
104,934
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
141,039
104,834
Total equity
141,139
104,934
J.M. Building Services Limited
Statement of financial position (continued)
as at 31 October 2024
31 October 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 9 May 2025
J Morris
Director
Company registration number 02985365 (England and Wales)
J.M. Building Services Limited
Notes to the financial statements
for the year ended 31 October 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

J.M. Building Services Limited
Notes to the financial statements (continued)
for the year ended 31 October 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
5
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 November 2023
52,846
2,500
55,346
Disposals
-
0
(2,500)
(2,500)
At 31 October 2024
52,846
-
0
52,846
Depreciation and impairment
At 1 November 2023
51,454
-
0
51,454
Depreciation charged in the year
770
-
0
770
At 31 October 2024
52,224
-
0
52,224
Carrying amount
At 31 October 2024
622
-
0
622
At 31 October 2023
1,392
2,500
3,892
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
118
335
5
Company information

J.M. Building Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brooks Mill, Carr Lane, Slaithwaite, Huddersfield, West Yorkshire, HD7 5BQ.

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