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COMPANY REGISTRATION NUMBER: 10559128
JMI Scaffolding (UK) Limited
Filleted Unaudited Financial Statements
For the year ended
31 January 2025
JMI Scaffolding (UK) Limited
Financial Statements
Year ended 31 January 2025
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
JMI Scaffolding (UK) Limited
Officers and Professional Advisers
DIRECTOR
M J Peters
REGISTERED OFFICE
14 Spinney Lane
Alconbury
Huntingdon
Cambridgeshire
PE28 4EB
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Lloyds Bank PLC
17 - 19 Market Square
St Neots
Cambridgeshire
PE19 2BQ
JMI Scaffolding (UK) Limited
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
372,704
383,134
Current assets
Debtors
6
11,327
29,605
Cash at bank and in hand
64,763
110,973
--------
---------
76,090
140,578
Creditors: amounts falling due within one year
7
25,326
43,572
--------
---------
Net current assets
50,764
97,006
---------
---------
Total assets less current liabilities
423,468
480,140
Creditors: amounts falling due after more than one year
8
5,448
Provisions
92,119
92,743
---------
---------
Net assets
331,349
381,949
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
331,249
381,849
---------
---------
Shareholders funds
331,349
381,949
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JMI Scaffolding (UK) Limited
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
M J Peters
Director
Company registration number: 10559128
JMI Scaffolding (UK) Limited
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Spinney Lane, Alconbury, Huntingdon, Cambridgeshire, PE28 4EB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of income and retained earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
30% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided, for both staff and directors pension contributions. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 February 2024
436,246
154,350
2,921
593,517
Additions
69,000
69,000
Disposals
( 50,400)
( 50,400)
---------
---------
-------
---------
At 31 January 2025
436,246
172,950
2,921
612,117
---------
---------
-------
---------
Depreciation
At 1 February 2024
150,216
57,979
2,188
210,383
Charge for the year
28,604
34,265
220
63,089
Disposals
( 34,059)
( 34,059)
---------
---------
-------
---------
At 31 January 2025
178,820
58,185
2,408
239,413
---------
---------
-------
---------
Carrying amount
At 31 January 2025
257,426
114,765
513
372,704
---------
---------
-------
---------
At 31 January 2024
286,030
96,371
733
383,134
---------
---------
-------
---------
6. Debtors
2025
2024
£
£
Trade debtors
10,664
26,223
Other debtors
663
3,382
--------
--------
11,327
29,605
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
854
Social security and other taxes
2,747
14,966
Other creditors
21,725
28,606
--------
--------
25,326
43,572
--------
--------
Other creditors include liabilities under hire purchase and finance lease agreements totalling £nil (2024 £10,000). These liabilities are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
5,448
----
-------
Other creditors include liabilities under hire purchase and finance lease agreements totalling £nil (2024 £5,448). These liabilities are secured on the assets concerned.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
92,119
92,743
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
92,119
92,743
--------
--------