REGISTERED NUMBER: 04573328 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

JME OF LEAMINGTON SPA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Everard

Mrs A Everard

D T Everard

REGISTERED OFFICE:

1&2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

CV4 8HX

REGISTERED NUMBER:

04573328 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,795

43,975

36,795

43,975

CURRENT ASSETS

Stocks

6

416,000

471,000

Debtors

7

61,793

33,849

Cash at bank and in hand

49,027

24,450

526,820

529,299

CREDITORS

Amounts falling due within one year

8

121,308

126,080

NET CURRENT ASSETS

405,512

403,219

TOTAL ASSETS LESS CURRENT LIABILITIES

442,307

447,194

CREDITORS

Amounts falling due after more than one year

9

(2,278

)

(10,047

)

PROVISIONS FOR LIABILITIES

(7,837

)

(9,031

)

NET ASSETS

432,192

428,116

CAPITAL AND RESERVES

Called up share capital

3,922

3,922

Share premium

8,169

8,169

Retained earnings

420,101

416,025

432,192

428,116

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 2 June 2026 and were signed on its behalf by:

C J Everard - Director

1.	STATUTORY INFORMATION

JME of Leamington Spa 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from restoration services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the work done on each job in progress at the Balance Sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill arose in connection with the acquisition of a business in 2002. The cost of the goodwill has now been amortised in full.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

56,000

AMORTISATION

At 1 November 2024

and 31 October 2025

56,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 November 2024

4,439

39,556

132,560

Additions

-

-

4,097

At 31 October 2025

4,439

39,556

136,657

DEPRECIATION

At 1 November 2024

3,552

32,593

112,129

Charge for year

444

1,959

6,132

At 31 October 2025

3,996

34,552

118,261

NET BOOK VALUE

At 31 October 2025

443

5,004

18,396

At 31 October 2024

887

6,963

20,431

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

57,161

7,760

17,406

258,882

Additions

270

-

1,306

5,673

At 31 October 2025

57,431

7,760

18,712

264,555

DEPRECIATION

At 1 November 2024

49,744

6,724

10,165

214,907

Charge for year

1,922

259

2,137

12,853

At 31 October 2025

51,666

6,983

12,302

227,760

NET BOOK VALUE

At 31 October 2025

5,765

777

6,410

36,795

At 31 October 2024

7,417

1,036

7,241

43,975

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST

At 1 November 2024

and 31 October 2025

8,100

DEPRECIATION

At 1 November 2024

3,544

Charge for year

1,139

At 31 October 2025

4,683

NET BOOK VALUE

At 31 October 2025

3,417

At 31 October 2024

4,556

6.

STOCKS

2025

2024

£

£

Stocks

170,000

196,000

Work-in-progress

246,000

275,000

416,000

471,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,263

21,038

Other debtors

3,000

3,303

Tax

-

3,112

VAT

10,008

-

Prepayments

7,522

6,396

61,793

33,849

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,964

49,471

Hire purchase loan

1,608

1,608

Trade creditors

63,512

55,611

Corporation tax

2,521

-

Social security and other taxes

6,523

343

VAT

-

9,849

Other creditors

542

-

Directors' current accounts

4,569

4,190

Accrued expenses

4,069

5,008

121,308

126,080

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

3,881

Hire purchase loan 1 - 2 years

1,608

3,887

Hire purchase loan 2 - 5 years

670

2,279

2,278

10,047

10.	LEASING AGREEMENTS

The company entered into a lease for the property at unit 3, Welland Mill, Lock Lane commencing on 1st April 2017. The lease runs for a period of 10 years.

A rent review was undertaken and the rent increased from £36000 per annum to £45,000 per annum from April 2023.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

C J Everard

Balance outstanding at start of year

-

24,296

Amounts repaid

-

(24,296

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-