REGISTERED NUMBER: 09233366 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JMG LIFTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

M J George

Mrs G George

SECRETARY:

REGISTERED OFFICE:

10 Windsor Avenue

Radyr

Cardiff

CF15 8BW

REGISTERED NUMBER:

09233366 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Intangible assets

4

11,000

11,000

Tangible assets

5

59,893

29,551

Investments

6

74,500

-

Investment property

7

568,020

249,314

713,413

289,865

CURRENT ASSETS

Debtors

8

57,499

49,282

Cash at bank and in hand

248,565

707,642

306,064

756,924

CREDITORS

Amounts falling due within one year

9

(66,236

)

(99,403

)

NET CURRENT ASSETS

239,828

657,521

TOTAL ASSETS LESS CURRENT LIABILITIES

953,241

947,386

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

953,139

947,284

SHAREHOLDERS' FUNDS

953,241

947,386

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 November 2025 and were signed on its behalf by:

M J George - Director

1.	STATUTORY INFORMATION

JMG Lifts 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

11,000

NET BOOK VALUE

At 31 March 2025

11,000

At 31 March 2024

11,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

69,905

Additions

51,800

Disposals

(19,790

)

At 31 March 2025

101,915

DEPRECIATION

At 1 April 2024

40,354

Charge for year

14,972

Eliminated on disposal

(13,304

)

At 31 March 2025

42,022

NET BOOK VALUE

At 31 March 2025

59,893

At 31 March 2024

29,551

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

74,500

At 31 March 2025

74,500

NET BOOK VALUE

At 31 March 2025

74,500

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

249,314

Additions

318,706

At 31 March 2025

568,020

NET BOOK VALUE

At 31 March 2025

568,020

At 31 March 2024

249,314

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

35,311

42,132

Other debtors

22,188

7,150

57,499

49,282

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

36,555

9,462

Trade creditors

1,421

36,860

Tax

14,107

38,238

VAT

9,653

10,343

Accrued expenses

4,500

4,500

66,236

99,403

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

4 November 2025