Registered number
07926785
JDM Developments (Essex) Limited
Filleted Accounts
31 January 2025
JDM Developments (Essex) Limited
Registered number: 07926785
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 85,901 12,664
Current assets
Stocks 52,004 79,597
Debtors 4 75,690 236,362
Cash at bank and in hand 347,204 230,284
474,898 546,243
Creditors: amounts falling due within one year 5 (261,939) (253,298)
Net current assets 212,959 292,945
Total assets less current liabilities 298,860 305,609
Creditors: amounts falling due after more than one year 6 (2,917) (9,917)
Net assets 295,943 295,692
Capital and reserves
Called up share capital 100 100
Profit and loss account 295,843 295,592
Shareholders' funds 295,943 295,692
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.
J Davis
Director
Approved by the board on 4 June 2025
JDM Developments (Essex) Limited
Notes to the Accounts
for the year ended 31 January 2025
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:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 - 9,995 19,800 29,795
Additions 73,400 2,918 - 76,318
At 31 January 2025 73,400 12,913 19,800 106,113
Depreciation
At 1 February 2024 - 4,777 12,354 17,131
Charge for the year - 1,220 1,861 3,081
At 31 January 2025 - 5,997 14,215 20,212
Net book value
At 31 January 2025 73,400 6,916 5,585 85,901
At 31 January 2024 - 5,218 7,446 12,664
4 Debtors 2025 2024
£ £
Trade debtors 67,571 228,856
HMRC VAT 7,919 7,306
Other debtors 200 200
75,690 236,362
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 7,000 7,000
Trade creditors 96,900 69,845
Taxation and social security costs 131,216 111,841
Net wages 1,512 -
Other creditors 25,311 64,612
261,939 253,298
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 2,917 9,917
7 Other information
JDM Developments (Essex) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 6
251-255 Church Road
Benfleet
Essex
SS7 4QP
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