REGISTERED NUMBER: 08984501 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

JMS BREAKERS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J R Dobson

J P Timmins

SECRETARY:

REGISTERED OFFICE:

Unit 13

Tweedale Recycling Centre

Madeley

Telford

Shropshire

TF7 4JT

REGISTERED NUMBER:

08984501 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

486,953

347,357

486,953

347,357

CURRENT ASSETS

Stocks

55,860

54,125

Debtors

6

104,962

90,923

Prepayments and accrued income

57,891

30,901

Cash at bank and in hand

451,857

413,041

670,570

588,990

CREDITORS

Amounts falling due within one year

7

401,794

377,603

NET CURRENT ASSETS

268,776

211,387

TOTAL ASSETS LESS CURRENT LIABILITIES

755,729

558,744

CREDITORS

Amounts falling due after more than one year

8

(175,092

)

(118,477

)

PROVISIONS FOR LIABILITIES

10

(102,500

)

(84,000

)

NET ASSETS

478,137

356,267

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

477,937

356,067

SHAREHOLDERS' FUNDS

478,137

356,267

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

J R Dobson - Director

J P Timmins - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

10% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

197,000

AMORTISATION

At 1 June 2024

and 31 May 2025

197,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

678,088

Additions

304,139

Disposals

(111,366

)

At 31 May 2025

870,861

DEPRECIATION

At 1 June 2024

330,731

Charge for year

96,637

Eliminated on disposal

(43,460

)

At 31 May 2025

383,908

NET BOOK VALUE

At 31 May 2025

486,953

At 31 May 2024

347,357

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 June 2024

164,956

Additions

201,857

Disposals

(85,466

)

At 31 May 2025

281,347

DEPRECIATION

At 1 June 2024

37,862

Charge for year

36,682

Eliminated on disposal

(38,460

)

At 31 May 2025

36,084

NET BOOK VALUE

At 31 May 2025

245,263

At 31 May 2024

127,094

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

104,162

90,259

Other debtors

800

664

104,962

90,923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,000

40,000

Hire purchase contracts

54,858

31,319

Trade creditors

62,948

42,930

Taxation and social security

214,827

219,700

Other creditors

29,161

43,654

401,794

377,603

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

40,000

Hire purchase contracts

175,092

78,477

175,092

118,477

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

40,000

80,000

Hire purchase contracts

229,950

109,796

269,950

189,796

Bank borrowings are secured by a fixed and floating charge over all the property and undertakings of the company.

Hire Purchase creditors are secured by a charge over the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

102,500

84,000

Deferred

tax

£

Balance at 1 June 2024

84,000

Provided during year

18,500

Balance at 31 May 2025

102,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

100

Ordinary 'B'

£1.00

100

100

200

200