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REGISTERED NUMBER: 02471804 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

JTM SERVICE LIMITED

JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTM SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs Leanne Christine Davies
Mr John Thomas Middleton
Mr Paul Gregory Wood
Mr Matthew Neil Hutton





REGISTERED OFFICE: 6 Milestone Court
Stanningley
Leeds
West Yorkshire
LS28 6HE





REGISTERED NUMBER: 02471804 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,660 22,158

CURRENT ASSETS
Stocks 297,579 260,457
Debtors 5 464,021 536,828
Cash at bank 583,400 585,517
1,345,000 1,382,802
CREDITORS
Amounts falling due within one year 6 688,427 902,435
NET CURRENT ASSETS 656,573 480,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

692,233

502,525

CREDITORS
Amounts falling due after more than one
year

7

(9,834

)

(19,823

)

PROVISIONS FOR LIABILITIES 9 (4,713 ) -
NET ASSETS 677,686 482,702

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 11 677,186 482,202
SHAREHOLDERS' FUNDS 677,686 482,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mr Paul Gregory Wood - Director


JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

JTM Service 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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 22 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 107,395 44,782 32,060 55,123 239,360
Additions - 6,697 10,189 10,815 27,701
Disposals - - (5,461 ) - (5,461 )
At 31 October 2024 107,395 51,479 36,788 65,938 261,600
DEPRECIATION
At 1 November 2023 106,056 44,442 27,406 39,298 217,202
Charge for year 335 1,759 3,135 6,666 11,895
Eliminated on disposal - - (3,157 ) - (3,157 )
At 31 October 2024 106,391 46,201 27,384 45,964 225,940
NET BOOK VALUE
At 31 October 2024 1,004 5,278 9,404 19,974 35,660
At 31 October 2023 1,339 340 4,654 15,825 22,158

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 413,858 485,201
Prepayments and accrued income 50,163 51,627
464,021 536,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 193,250 319,711
Tax 51,173 113,288
Social security and other taxes 77,331 75,516
Accrued expenses 356,673 383,920
688,427 902,435

JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 9,834 19,823

8. SECURED DEBTS

On 29 November 2019, JTM Service Group Limited acquired 100% of the share capital in the company from Mr JT Middleton in exchange for loan notes. The loan notes are secured by way of a fixed and floating charge over all property and assets of JTM Service Limited.

At the year end, the amount outstanding on the loan notes was £312,500 (2023: £562,500).

On 31 March 2025, the loan notes were fully repaid and the charge over the company was satisfied in full.

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 4,713 -

Deferred
tax
£   
Charge to the income statement 4,713
during year
Balance at 31 October 2024 4,713

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
500 Ordinary £1 500 500

11. RESERVES
Retained
earnings
£   

At 1 November 2023 482,202
Profit for the year 440,744
Dividends (245,760 )
At 31 October 2024 677,186

JTM SERVICE LIMITED (REGISTERED NUMBER: 02471804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


12. RELATED PARTY DISCLOSURES

JTM Service Group Limited owns 100% of the share capital of the company.

During the year, JTM Service Group Limited charged management fees totalling £167,552 (2023: £170,530) to the company.

Mr JT Middleton is a director of the company.

During the year, Mr JT Middleton charged rent totalling £15,000 (2023: £15,000) to the company. At 31 October 2024, the company owed Mr JT Middleton £1,250 (2023: £1,500). This amount is included in trade creditors.

13. ULTIMATE CONTROLLING PARTY

The controlling party is JTM Service Group Limited.