S & J May Refrigeration Limited

Registered number

03965960

Filleted Accounts

31 March 2025

S & J May Refrigeration Limited
Registered number:		03965960
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		39,361			30,284

Current assets
Stocks		23,406			25,179
Debtors	4	58,797			65,949
Cash at bank and in hand		178,102			211,701
		260,305			302,829

Creditors: amounts falling due within one year	5	(90,735)			(103,752)

Net current assets			169,570			199,077

Total assets less current liabilities			208,931			229,361


Provisions for liabilities			(8,006)			(6,505)


Net assets			200,925			222,856

Capital and reserves
Called up share capital			2			2
Profit and loss account			200,923			222,854

Shareholders' funds			200,925			222,856

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs J May
Director
Approved by the board on 17 December 2025

S & J May Refrigeration Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% straight line
	Motor vehicles			25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		10


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			15,628		202,857		218,485
	Additions			-		37,986		37,986
	Disposals			-		(14,806)		(14,806)
	At 31 March 2025			15,628		226,037		241,665

	Depreciation
	At 1 April 2024			14,496		173,705		188,201
	Charge for the year			345		28,563		28,908
	On disposals			-		(14,805)		(14,805)
	At 31 March 2025			14,841		187,463		202,304

	Net book value
	At 31 March 2025			787		38,574		39,361
	At 31 March 2024			1,132		29,152		30,284


4	Debtors					2025		2024
£							£

	Trade debtors					50,008		57,600
	Other debtors					8,789		8,349
						58,797		65,949


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					37,128		28,190
	Corporation tax					4,670		18,592
	Other taxes and social security costs					14,396		23,982
	Other creditors					34,541		32,988
						90,735		103,752


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr S K May
	Directors loan account	(13,823)		-		(260)		(14,083)

	Mrs J May
	Directors loan account	(13,962)		-		(260)		(14,222)

		(27,785)		-		(520)		(28,305)


7	Controlling party

	The company is ultimately controlled by the directors by virtue of their shareholding.


8	Other information

	S & J May Refrigeration Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Temperature House
	Kenilworth Road
	Newport
	Gwent
	NP19 8JQ