JMS International Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06523542

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		154,380		159,047

			154,380		159,047
CURRENT ASSETS
Stocks		30,000		25,000
Debtors	6	41,860		20,202
Cash at bank and in hand		33,221		375

		105,081		45,577
Creditors: Amounts Falling Due Within One Year	7	(145,583 )		(106,472 )

NET CURRENT ASSETS (LIABILITIES)			(40,502 )		(60,895 )

TOTAL ASSETS LESS CURRENT LIABILITIES			113,878		98,152

Creditors: Amounts Falling Due After More Than One Year	8		(48,333 )		(89,367 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(38,595 )		(30,219 )

NET ASSETS/(LIABILITIES)			26,950		(21,434 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			26,850		(21,534 )

SHAREHOLDERS' FUNDS			26,950		(21,434)

Page 1

Page 2

JMS International Limited

Balance Sheet (continued)

As At 31 March 2025

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

J E Wright

Director

19 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

JMS International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06523542 . The registered office is 6 Russells Way, Off Buckles Lane, South Okenden, Essex, RM15 6RS.

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.

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 was amortised to the profit and loss account over its estimated economic life of 3 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:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	3 years 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.

Page 3

Page 4

JMS International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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: 4 (2024: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	60,000

As at 31 March 2025	60,000

Amortisation
As at 1 April 2024	60,000

As at 31 March 2025	60,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	80,775	199,536	1,124	281,435
Additions	33,497	-	-	33,497

As at 31 March 2025	114,272	199,536	1,124	314,932

...CONTINUED

Page 4

Page 5

JMS International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	32,019	89,619	750	122,388
Provided during the period	10,310	27,480	374	38,164

As at 31 March 2025	42,329	117,099	1,124	160,552

Net Book Value
As at 31 March 2025	71,943	82,437	-	154,380

As at 1 April 2024	48,756	109,917	374	159,047

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	41,860	20,202

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	29,000	29,000
Trade creditors	9,022	7,322
Bank loans and overdrafts	12,034	29,039
Other creditors	54,534	41,111
Taxation and social security	40,993	-

	145,583	106,472

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	48,333	77,333
Bank loans	-	12,034

	48,333	89,367

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	77,333		106,333

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 5

Page 6

JMS International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Transition to FRS 102

Upon transition to FRS 102 section 1A, the company has applied the deferred tax accounting policy changes retrospectively. The deferred tax liability recognised in the balance sheet is as follows:

	2025	2024 Restated
	£	£
As at 1 April	30,219	31,803
Provision for the year	8,376	(1,584)

As at 31 March	38,595	30,219

Page 6