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REGISTERED NUMBER: 10398289 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 October 2024

for

J & M Systems Ltd

J & M Systems Ltd (Registered number: 10398289)






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

Report of the Accountants 7

J & M Systems Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J Langford
M Russell





SECRETARY:





REGISTERED OFFICE: 26 - 28 Enterprise Way
Hardwick Narrows
King's Lynn
Norfolk
PE30 4LJ





REGISTERED NUMBER: 10398289 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

J & M Systems Ltd (Registered number: 10398289)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 491,086 503,826

CURRENT ASSETS
Debtors 5 35,111 20,531
Cash at bank 209 1,576
35,320 22,107
CREDITORS
Amounts falling due within one year 6 159,153 160,435
NET CURRENT LIABILITIES (123,833 ) (138,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,253

365,498

CREDITORS
Amounts falling due after more than one
year

7

(242,331

)

(248,835

)

PROVISIONS FOR LIABILITIES 8 (22,772 ) (19,727 )
NET ASSETS 102,150 96,936

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,050 96,836
102,150 96,936

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.

J & M Systems Ltd (Registered number: 10398289)

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 18 April 2025 and were signed on its behalf by:





M Russell - Director


J & M Systems Ltd (Registered number: 10398289)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

J & M Systems Ltd 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 etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

J & M Systems Ltd (Registered number: 10398289)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 400,000 166,231 566,231
DEPRECIATION
At 1 November 2023 - 62,405 62,405
Charge for year - 12,740 12,740
At 31 October 2024 - 75,145 75,145
NET BOOK VALUE
At 31 October 2024 400,000 91,086 491,086
At 31 October 2023 400,000 103,826 503,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 35,111 20,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 133,004 140,156
Taxation and social security 25,249 19,379
Other creditors 900 900
159,153 160,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 233,353 238,357
Other creditors 8,978 10,478
242,331 248,835

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 22,772 19,727

J & M Systems Ltd (Registered number: 10398289)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 19,727
Charge to Income Statement during year 3,045
Balance at 31 October 2024 22,772

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is the sum of £8,978 (2023 £10,478) owed jointly to the directors and is made up from cash introduced to the start up of the business less drawings during the year.

J & M Systems Ltd

Report of the Accountants to the Directors of
J & M Systems Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


18 April 2025