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Registered Number: 08168575
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 August 2024

for

JMS DRAIN SOLUTIONS LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of JMS Drain Solutions Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JMS Drain Solutions Limited for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of JMS Drain Solutions Limited , as a body, in accordance with the terms of our engagement letter dated .

Our work has been undertaken solely to prepare for your approval the accounts of JMS Drain Solutions Limited and state those matters that we have agreed to state to the Board of Directors of JMS Drain Solutions Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JMS Drain Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JMS Drain Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JMS Drain Solutions Limited . You consider that JMS Drain Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of JMS Drain Solutions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts



....................................................
J W Smith & Co Ltd - Scarborough
J W Smith & Co Ltd - Scarborough

Hopper Hill Road
Scarborough Business Park
Scarborough
North Yorkshire
YO11 3YS
29 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 159,528    152,331 
159,528    152,331 
Current assets      
Stocks 40,000    77,000 
Debtors 90,616    145,339 
Cash at bank and in hand (9,116)   (17,811)
121,500    204,528 
Creditors: amount falling due within one year (94,503)   (248,844)
Net current assets 26,997    (44,316)
 
Total assets less current liabilities 186,525    108,015 
Creditors: amount falling due after more than one year (152,649)   (82,409)
Provisions for liabilities (9,083)   (9,083)
Net assets 24,793    16,523 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 24,693    16,423 
Shareholders' funds 24,793    16,523 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 May 2025 and were signed on its behalf by:


-------------------------------
Christine Scott
Director
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General Information
JMS Drain Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08168575, registration address JWS Hopper Hill Road, Scarborough Business Park, Scarborough, YO11 3YS. The trading address of the company is Unit 3a Olympian Estate, Cayton Low Road, Scarborough, North Yorkshire, YO113BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25%
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 10 (2023 : 10).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 September 2023 383,032    383,032 
Additions 36,141    36,141 
Disposals  
At 31 August 2024 419,173    419,173 
Depreciation
At 01 September 2023 230,701    230,701 
Charge for year 28,944    28,944 
On disposals  
At 31 August 2024 259,645    259,645 
Net book values
Closing balance as at 31 August 2024 159,528    159,528 
Opening balance as at 01 September 2023 152,331    152,331 


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