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Company Registration No. NI637430 (Northern Ireland)
JMG Contracts Ltd Unaudited accounts for the year ended 31 March 2026
JMG Contracts Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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JMG Contracts Ltd Company Information for the year ended 31 March 2026
Director
Mr James McGill
Company Number
NI637430 (Northern Ireland)
Registered Office
196 Upper Lisburn Road Finaghy Belfast County Antrim BT10 0LA Northern Ireland
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JMG Contracts Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
139,164
181,169
Current assets
Debtors
5
25,968
57,062
Cash at bank and in hand
97,127
83,689
123,095
140,751
Creditors: amounts falling due within one year
6
(133,504)
(162,977)
Net current liabilities
(10,409)
(22,226)
Total assets less current liabilities
128,755
158,943
Creditors: amounts falling due after more than one year
7
(39,461)
(51,346)
Net assets
89,294
107,597
Capital and reserves
Called up share capital
1
1
Profit and loss account
89,293
107,596
Shareholders' funds
89,294
107,597
For the year ending 31 March 2026 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 director acknowledges his 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 and authorised for issue on 16 April 2026 and were signed on its behalf by
Mr James McGill Director Company Registration No. NI637430
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JMG Contracts Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
JMG Contracts Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI637430. The registered office is 196 Upper Lisburn Road, Finaghy, Belfast, County Antrim, BT10 0LA, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
198,118
59,033
549
257,700
Revaluations
(18,000)
-
-
(18,000)
At 31 March 2026
180,118
59,033
549
239,700
Depreciation
At 1 April 2025
55,130
20,987
414
76,531
Charge for the year
18,012
5,903
90
24,005
At 31 March 2026
73,142
26,890
504
100,536
Net book value
At 31 March 2026
106,976
32,143
45
139,164
At 31 March 2025
142,988
38,046
135
181,169
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
1,928
7,288
Trade debtors
-
30,000
Other debtors
24,040
19,774
25,968
57,062
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JMG Contracts Ltd Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
19,548
10,560
Obligations under finance leases and hire purchase contracts
18,573
18,573
Other creditors
92,000
92,000
Loans from directors
3,383
41,844
133,504
162,977
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
18,903
17,463
Obligations under finance leases and hire purchase contracts
20,558
33,883
39,461
51,346
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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