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REGISTERED NUMBER: 15300923 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 NOVEMBER 2023 TO 31 MARCH 2025

FOR

JM DOUGLAS LIMITED

JM DOUGLAS LIMITED (REGISTERED NUMBER: 15300923)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 21 November 2023 to 31 March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JM DOUGLAS LIMITED

COMPANY INFORMATION
for the period 21 November 2023 to 31 March 2025







DIRECTOR: J M Douglas





SECRETARY: Mrs G M Douglas





REGISTERED OFFICE: Wray House Farm
Marishes
Malton
North Yorkshire
YO17 6UJ





REGISTERED NUMBER: 15300923 (England and Wales)

JM DOUGLAS LIMITED (REGISTERED NUMBER: 15300923)

STATEMENT OF FINANCIAL POSITION
31 March 2025

Notes £    £   
FIXED ASSETS
Tangible assets 4 441,526

CURRENT ASSETS
Stocks 452,200
Debtors 5 47,023
499,223
CREDITORS
Amounts falling due within one year 6 928,182
NET CURRENT LIABILITIES (428,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,567

PROVISIONS FOR LIABILITIES 47,382
NET LIABILITIES (34,815 )

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (34,818 )
(34,815 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 August 2025 and were signed by:




J M Douglas - Director


JM DOUGLAS LIMITED (REGISTERED NUMBER: 15300923)

NOTES TO THE FINANCIAL STATEMENTS
for the period 21 November 2023 to 31 March 2025


1. STATUTORY INFORMATION

JM Douglas 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.

Going concern
The director has considered the financial resources and commitments of the company and concluded that it has sufficient resources to meet liabilities as they fall due, due to the continued support of the director and HSBC bank in not seeking repayment of their debt in the short term. The director therefore considers it appropriate to prepare the financial statements on the going concern basis.

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

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 period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

JM DOUGLAS LIMITED (REGISTERED NUMBER: 15300923)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 21 November 2023 to 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
Additions 252,000 236,908 488,908
At 31 March 2025 252,000 236,908 488,908
DEPRECIATION
Charge for period - 47,382 47,382
At 31 March 2025 - 47,382 47,382
NET BOOK VALUE
At 31 March 2025 252,000 189,526 441,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 35,193
Other debtors 11,830
47,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 393,225
Trade creditors 203,602
Taxation and social security 17,906
Other creditors 313,449
928,182

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank overdraft 393,225

The bank overdraft is secured by a fixed and floating charge over the undertaking and all its property present and future.