REGISTERED NUMBER: 09537164 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Jaymar Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J T McGill

A Rao

REGISTERED OFFICE:

5 Christchurch Road

Clifton

Bristol

BS8 4EF

REGISTERED NUMBER:

09537164 (England and Wales)

ACCOUNTANTS:

Verinder Powell Associates Ltd

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Intangible assets

4

38,000

76,000

Tangible assets

5

557,425

550,093

Investment property

6

907,210

834,600

1,502,635

1,460,693

CURRENT ASSETS

Stocks

20,170

10,399

Debtors

7

54,667

64,396

Cash at bank and in hand

17,247

1,228

92,084

76,023

CREDITORS

Amounts falling due within one year

8

569,273

576,019

NET CURRENT LIABILITIES

(477,189

)

(499,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,446

960,697

CREDITORS

Amounts falling due after more than one year

9

(838,981

)

(871,234

)

PROVISIONS FOR LIABILITIES

(75,400

)

(58,166

)

NET ASSETS

111,065

31,297

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

25,739

7,714

Retained earnings

85,316

23,573

111,065

31,297

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 11 September 2025 and were signed on its behalf by:

J T McGill - Director

1.	STATUTORY INFORMATION

Jaymar 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.

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 Entites" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of dentistry services in the ordinary course of the company’s activities.

The company recognises revenue when:

- It is in line with work performed for patients;

- It is probable that future economic benefits will flow to the entity;

- And specific criteria have been met for each of the company's activities.

For Denplan patients the company recognises revenue:

- Evenly across the year as it is received from Denplan;

- When the amount to be received can be reliably measured;

- When it is probable that it will be paid to the company.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets

Tangible fixed assets, excluding freehold property, are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads incurred in bringing inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

380,000

AMORTISATION

At 1 February 2024

304,000

Charge for year

38,000

At 31 January 2025

342,000

NET BOOK VALUE

At 31 January 2025

38,000

At 31 January 2024

76,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

480,697

222,864

703,561

Additions

-

765

765

Revaluations

24,033

-

24,033

At 31 January 2025

504,730

223,629

728,359

DEPRECIATION

At 1 February 2024

-

153,468

153,468

Charge for year

-

17,466

17,466

At 31 January 2025

-

170,934

170,934

NET BOOK VALUE

At 31 January 2025

504,730

52,695

557,425

At 31 January 2024

480,697

69,396

550,093

The fair value of the freehold property has been arrived at by a valuation by the directors at their open market value at 31 January 2025 based on similar properties.

The historical cost of the freehold property is £471,174 (2024 - £471,174).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

834,600

Revaluations

72,610

At 31 January 2025

907,210

NET BOOK VALUE

At 31 January 2025

907,210

At 31 January 2024

834,600

The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 31 January 2025 based on similar properties.

The historical cost of the investment properties is £710,102 (2024 - £710,102).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

as restated

£

£

Other debtors

54,667

64,396

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

as restated

£

£

Bank loans and overdrafts

47,055

42,812

Hire purchase contracts

5,637

15,929

Trade creditors

32,740

37,990

Taxation and social security

20,227

11,816

Other creditors

463,614

467,472

569,273

576,019

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

as restated

£

£

Bank loans

831,272

857,888

Hire purchase contracts

7,709

13,346

838,981

871,234

Included in bank loans in notes 8 and 9 is a combined balance of £13,333 (2024 - £23,333) which is guaranteed by the government and unsecured.

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

as restated

£

£

Hire purchase contracts

13,346

29,275

Bank loans

857,705

870,196

871,051

899,471

The bank loans are secured by way of fixed and floating charges in respect of the company's investment properties and all the property and undertaking of the company. The loans also contain a negative pledge.

The hire purchase contracts are secured on the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

Loans to related parties

Other related parties

Total

2025

£

£

At start of period

60,720

60,720

Advanced

2,790

2,790

Repaid

(16,475

)

(16,475

)

At end of period

47,035

47,035

Other related parties

Total

2024

£

£

At start of period

66,958

66,958

Advanced

3,900

3,900

Repaid

(10,138

)

(10,138

)

At end of period

60,720

60,720

Loans to other related parties are interest free and repayable on demand.

Loans from related parties

Other related parties

Total

2025

£

£

At start of period

455,871

455,871

Advanced

5,606

5,606

Repaid

(1,356

)

(1,356

)

At end of period

460,121

460,121

Other related parties

Total

2024

£

£

At start of period

456,275

456,275

Advanced

1,358

1,358

Repaid

(1,762

)

(1,762

)

At end of period

455,871

455,871

Loans from other related parties are interest free and repayable on demand.