REGISTERED NUMBER: 12077126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

J&M WAREHOUSE RETAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Wilkinson

M A Everett

Mrs L A Everett

Mrs L J Wilkinson

REGISTERED OFFICE:

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

SR1 3AW

REGISTERED NUMBER:

12077126 (England and Wales)

ACCOUNTANTS:

Stafford Accountancy

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

Tyne and Wear

SR1 3AW

FIXED ASSETS

Tangible assets

4

546

1,059

CURRENT ASSETS

Stocks

5

27,473

33,676

Debtors

6

52

52

Cash at bank and in hand

14,050

6,536

41,575

40,264

CREDITORS

Amounts falling due within one year

7

4,181

2,681

NET CURRENT ASSETS

37,394

37,583

TOTAL ASSETS LESS CURRENT LIABILITIES

37,940

38,642

PROVISIONS FOR LIABILITIES

104

201

NET ASSETS

37,836

38,441

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

37,736

38,341

SHAREHOLDERS' FUNDS

37,836

38,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th December 2025 and were signed on its behalf by:

J P Wilkinson - Director

1.	STATUTORY INFORMATION

J&M Warehouse Retail 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied for all years unless otherwise stated.

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.

Store sales:

Turnover is recognised when control of goods are transferred to the customer. This is at the point of sale and upon receipt of either card payment or cash payment.

Online sales:

Turnover is recognised upon receipt of payment from the customer which is prior to the transfer of goods, which will typically occur a number of days after the payment is received.

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

-

25% on cost

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

3,438

1,533

4,971

DEPRECIATION

At 1st April 2024

2,671

1,241

3,912

Charge for year

417

96

513

At 31st March 2025

3,088

1,337

4,425

NET BOOK VALUE

At 31st March 2025

350

196

546

At 31st March 2024

767

292

1,059

5.

STOCKS

2025

2024

£

£

Stocks

27,473

33,676

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

52

52

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

300

302

Social security and other taxes

-

94

VAT

375

375

Accrued expenses

3,506

1,910

4,181

2,681

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

250

250

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100