JSM Vehicle Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07096058

JSM Vehicle Services Limited

Filleted Unaudited Financial Statements

31 March 2025

JSM Vehicle Services Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,350		1,032

Current assets

Debtors	6	24,195	31,566
Cash at bank and in hand		2,109	11,447
		--------	--------
		26,304	43,013

Creditors: amounts falling due within one year	7	23,256		22,617
		--------		--------
Net current assets			3,048		20,396
			-------		--------
Total assets less current liabilities			4,398		21,428
			-------		--------
Net assets			4,398		21,428
			-------		--------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		4,298	21,328
		-------	--------
Shareholders funds		4,398	21,428
		-------	--------

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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JSM Vehicle Services Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 13 October 2025 , and are signed on behalf of the board by:

J Morrison	S Ollivier
Director	Director

Company registration number: 07096058

JSM Vehicle Services Limited

Notes to the Financial Statements

Year ended 31 March 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 67 Rifle Hill, Braintree, CM7 1DQ, Essex.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, 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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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	-	25% straight line
Equipment	-	25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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	Equipment	Total
	£	£	£
Cost
At 1 April 2024	6,151	1,613	7,764
Additions	1,100	–	1,100
	-------	-------	-------
At 31 March 2025	7,251	1,613	8,864
	-------	-------	-------
Depreciation
At 1 April 2024	5,119	1,613	6,732
Charge for the year	782	–	782
	-------	-------	-------
At 31 March 2025	5,901	1,613	7,514
	-------	-------	-------
Carrying amount
At 31 March 2025	1,350	–	1,350
	-------	-------	-------
At 31 March 2024	1,032	–	1,032
	-------	-------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	10,298	9,172
Directors loan account	9,298	22,393
Other debtors	4,599	1
	--------	--------
	24,195	31,566
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	704	–
Trade creditors	1,728	2,596
Accruals and deferred income	5,030	3,839
Corporation tax	12,319	5,365
Social security and other taxes	3,475	10,817
	--------	--------
	23,256	22,617
	--------	--------

HSBC Bank PLC have issued a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Directors' advances, credits and guarantees

At the year end the directors owed the company £9,298 (2024: £22,393) which is shown amongst debtors. Interest of £1,031 (2024: £89) has been charged on this loan. The maximum amount outstanding during the year was £63,163