REGISTERED NUMBER: 04958107 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JM TRANSFORMERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Baldwin

Mrs T J Baldwin

REGISTERED OFFICE:

2 Keswick Road

Fetcham

Leatherhead

Surrey

KT22 9HH

REGISTERED NUMBER:

04958107 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

27,211

35,350

Investments

5

112,346

111,541

139,557

146,891

CURRENT ASSETS

Stocks

10,200

9,500

Debtors

6

296,587

313,180

Cash at bank

670,195

631,882

976,982

954,562

CREDITORS

Amounts falling due within one year

7

291,690

322,062

NET CURRENT ASSETS

685,292

632,500

TOTAL ASSETS LESS CURRENT LIABILITIES

824,849

779,391

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

824,747

779,289

824,849

779,391

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 8 September 2025 and were signed on its behalf by:

M A Baldwin - Director

Mrs T J Baldwin - Director

1.	STATUTORY INFORMATION

Jm Transformers Limited 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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 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.

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 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

25,130

165,782

190,912

Additions

-

932

932

At 31 March 2025

25,130

166,714

191,844

DEPRECIATION

At 1 April 2024

19,093

136,469

155,562

Charge for year

1,509

7,562

9,071

At 31 March 2025

20,602

144,031

164,633

NET BOOK VALUE

At 31 March 2025

4,528

22,683

27,211

At 31 March 2024

6,037

29,313

35,350

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

111,541

Additions

805

At 31 March 2025

112,346

NET BOOK VALUE

At 31 March 2025

112,346

At 31 March 2024

111,541

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

89,081

109,473

Other debtors

207,506

203,707

296,587

313,180

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

44,311

67,776

Taxation and social security

141,854

148,478

Other creditors

105,525

105,808

291,690

322,062

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs T J Baldwin and M A Baldwin

Balance outstanding at start of year

86,569

117,687

Amounts advanced

248,808

195,166

Amounts repaid

(247,000

)

(226,284

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

88,377

86,569

Interest has been charged on the overdrawn loan account.

This was repaid within 9 months of the year end.

9.	RELATED PARTY DISCLOSURES

The company remained under the control of it's Directors'.