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Company Registration No. 13768498 (England and Wales)
JFM RETAIL LTD Unaudited accounts for the year ended 31 March 2025
JFM RETAIL LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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JFM RETAIL LTD Company Information for the year ended 31 March 2025
Director
J F MAHMOOD
Company Number
13768498 (England and Wales)
Registered Office
131 MOSLEY COMMON ROAD WORSLEY MANCHESTER M28 1AH ENGLAND
Accountants
Arif Khan Accountants Limited 25 Whetley Lane Bradford W Yorkshire BD8 9EH
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JFM RETAIL LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
19,873
21,109
Current assets
Inventories
54,398
52,614
Cash at bank and in hand
29,484
1,726
83,882
54,340
Creditors: amounts falling due within one year
5
(53,524)
(26,446)
Net current assets
30,358
27,894
Total assets less current liabilities
50,231
49,003
Creditors: amounts falling due after more than one year
6
(10,723)
(5,576)
Net assets
39,508
43,427
Capital and reserves
Called up share capital
100
100
Profit and loss account
39,408
43,327
Shareholders' funds
39,508
43,427
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2025 and were signed on its behalf by
J F MAHMOOD Director Company Registration No. 13768498
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JFM RETAIL LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
JFM RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 13768498. The registered office is 131 MOSLEY COMMON ROAD, WORSLEY MANCHESTER, M28 1AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis.
Motor vehicles
15% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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JFM RETAIL LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,900
11,400
12,014
25,314
Additions
-
-
3,126
3,126
At 31 March 2025
1,900
11,400
15,140
28,440
Depreciation
At 1 April 2024
285
1,710
2,210
4,205
Charge for the year
323
1,453
2,586
4,362
At 31 March 2025
608
3,163
4,796
8,567
Net book value
At 31 March 2025
1,292
8,237
10,344
19,873
At 31 March 2024
1,615
9,690
9,804
21,109
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
12,635
278
Taxes and social security
29,146
18,033
Other creditors
11,743
8,135
53,524
26,446
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
8,923
5,576
Accruals
1,800
-
10,723
5,576
7
Average number of employees
During the year the average number of employees was 16 (2024: 16).
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