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Registered number: 13951662
J-Mac & Co Renewables Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13951662
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,840 7,695
Tangible Assets 5 74,076 70,230
80,916 77,925
CURRENT ASSETS
Stocks 6 2,000 2,400
Debtors 7 91,288 36,986
Cash at bank and in hand 14,827 8,985
108,115 48,371
Creditors: Amounts Falling Due Within One Year 8 (79,351 ) (55,133 )
NET CURRENT ASSETS (LIABILITIES) 28,764 (6,762 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,680 71,163
Creditors: Amounts Falling Due After More Than One Year 9 (24,647 ) (45,390 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,521 ) (17,557 )
NET ASSETS 69,512 8,216
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 69,412 8,116
SHAREHOLDERS' FUNDS 69,512 8,216
Page 1
Page 2
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jordan MacArthur
Director
Mr Michael Copeland
Director
03/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J-Mac & Co Renewables Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13951662 . The registered office is Unit 2, Threxton Road Industrial Estate, Watton, Thetford, Norfolk, IP25 6NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 8,550
As at 31 March 2025 8,550
Amortisation
As at 1 April 2024 855
Provided during the period 855
As at 31 March 2025 1,710
Net Book Value
As at 31 March 2025 6,840
As at 1 April 2024 7,695
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 - 1,000 78,951 4,164 84,115
Additions 14,031 1,590 12,540 4,424 32,585
Disposals - - (14,000 ) (801 ) (14,801 )
As at 31 March 2025 14,031 2,590 77,491 7,787 101,899
Depreciation
As at 1 April 2024 - 250 12,545 1,090 13,885
Provided during the period 700 495 16,600 1,216 19,011
Disposals - - (4,593 ) (480 ) (5,073 )
As at 31 March 2025 700 745 24,552 1,826 27,823
Net Book Value
As at 31 March 2025 13,331 1,845 52,939 5,961 74,076
As at 1 April 2024 - 750 66,406 3,074 70,230
6. Stocks
2025 2024
£ £
Stock 2,000 2,400
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 80,205 24,121
Prepayments and accrued income 4,311 2,815
VAT 6,772 10,050
91,288 36,986
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,896 14,967
Trade creditors 26,872 9,463
Corporation tax 34,522 14,559
Other taxes and social security 553 4,825
Other creditors 406 355
Accruals and deferred income 1,850 2,359
Directors' loan accounts 1,252 8,605
79,351 55,133
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 24,647 45,390
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,896 14,967
Later than one year and not later than five years 24,647 45,390
38,543 60,357
38,543 60,357
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 8,259 8,974
Later than one year and not later than five years 25,200 7,773
33,459 16,747
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