Jemsar Engineering Limited

Financial Statements for the Year Ended 31 December 2024

DIRECTORS:

H M Owen

C Owen

REGISTERED OFFICE:

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

REGISTERED NUMBER:

08328346 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jemsar Engineering Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Jemsar Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jemsar Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Jemsar Engineering Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jemsar Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jemsar Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jemsar Engineering Limited. You consider that Jemsar Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jemsar Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

26 September 2025

FIXED ASSETS

Tangible assets

3

566,331

644,744

CURRENT ASSETS

Debtors

4

774,691

860,118

Cash at bank

605,596

328,489

1,380,287

1,188,607

CREDITORS

Amounts falling due within one year

5

533,853

689,086

NET CURRENT ASSETS

846,434

499,521

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,412,765

1,144,265

CREDITORS

Amounts falling due after more than
one year

6

(17,622

)

(57,106

)

PROVISIONS FOR LIABILITIES

(70,000

)

(80,000

)

NET ASSETS

1,325,143

1,007,159

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,325,043

1,007,059

SHAREHOLDERS' FUNDS

1,325,143

1,007,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

H M Owen - Director

1.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Straight line over 125 years

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% straight line

Motor vehicles

-

20% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 28 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

344,637

643,896

44,460

17,350

1,050,343

Additions

-

6,500

9,342

6,000

21,842

At 31 December 2024

344,637

650,396

53,802

23,350

1,072,185

DEPRECIATION

At 1 January 2024

1,745

370,579

24,610

8,665

405,599

Charge for year

17,856

69,465

10,397

2,537

100,255

At 31 December 2024

19,601

440,044

35,007

11,202

505,854

NET BOOK VALUE

At 31 December 2024

325,036

210,352

18,795

12,148

566,331

At 31 December 2023

342,892

273,317

19,850

8,685

644,744

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

647,109

414,331

Other debtors & prepayments

127,582

445,787

774,691

860,118

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

20,000

Hire purchase contracts

17,867

16,387

Trade creditors

68,506

114,526

Taxes & social security costs

360,601

360,434

Other creditors & accruals

66,879

177,739

533,853

689,086

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2024

2023

£

Bank loans

8,333

28,333

Hire purchase contracts

9,289

28,773

17,622

57,106

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

27,156

45,160

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

8.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments in respect of operating leases at the balance sheet date of £35,124 (2023: £64,187).