Company Registration No. 12473979 (England and Wales)
JMR Racing Limited
Unaudited accounts
for the year ended 28 February 2025
JMR Racing Limited
Unaudited accounts
Contents
JMR Racing Limited
Company Information
for the year ended 28 February 2025
Directors
Andrew Coggan
Joshua Coggan
Company Number
12473979 (England and Wales)
Registered Office
UNIT 3 KILTON INDUSTRIAL PARK
KILTON ROAD
WORKSOP
S80 2ED
ENGLAND
Accountants
Neil Walker Accountancy Ltd
Khepera Business Centre
9 Orgreave Road
Sheffield
S13 9LQ
JMR Racing Limited
Statement of financial position
as at 28 February 2025
Tangible assets
175,473
267,371
Cash at bank and in hand
142
56,741
Creditors: amounts falling due within one year
(2,514)
(80,888)
Net current (liabilities)/assets
(1,183)
3,286
Total assets less current liabilities
174,290
270,657
Creditors: amounts falling due after more than one year
(277,469)
(274,944)
Provisions for liabilities
Deferred tax
(4,500)
(6,700)
Net liabilities
(107,679)
(10,987)
Called up share capital
100
100
Profit and loss account
(107,779)
(11,087)
Shareholders' funds
(107,679)
(10,987)
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by
Joshua Coggan
Director
Company Registration No. 12473979
JMR Racing Limited
Notes to the Accounts
for the year ended 28 February 2025
JMR Racing Limited is a private company, limited by shares, registered in England and Wales, registration number 12473979. The registered office is UNIT 3 KILTON INDUSTRIAL PARK, KILTON ROAD, WORKSOP, S80 2ED, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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
18% reducing balance
Motor vehicles
18% reducing balance & 0%
JMR Racing Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2024
36,260
265,361
301,621
Disposals
(23,635)
(76,100)
(99,735)
At 28 February 2025
12,625
191,688
204,313
At 1 March 2024
13,496
20,754
34,250
Charge for the year
2,068
4,882
6,950
On disposals
(12,360)
-
(12,360)
At 28 February 2025
3,204
25,636
28,840
At 28 February 2025
9,421
166,052
175,473
At 29 February 2024
22,764
244,607
267,371
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,764
79,724
Taxes and social security
-
414
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
277,469
274,944
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).