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Registered number: 06713322
JM Rennie Limited
Financial Statements
For The Year Ended 31 October 2025
ADC Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06713322
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 357,356 309,857
357,356 309,857
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 388,065 354,510
Cash at bank and in hand 537,579 394,862
928,644 752,372
Creditors: Amounts Falling Due Within One Year 7 (402,830 ) (308,040 )
NET CURRENT ASSETS (LIABILITIES) 525,814 444,332
TOTAL ASSETS LESS CURRENT LIABILITIES 883,170 754,189
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,644 ) (41,644 )
NET ASSETS 841,526 712,545
CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Profit and Loss Account 841,426 712,445
SHAREHOLDERS' FUNDS 841,526 712,545
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Mr John Rennie
Director
04/06/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JM Rennie Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06713322 . The registered office is Min Y Clwyd Industrial Estate, Ruthin, Clwyd, LL15 1NA.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold 0%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.4. 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.
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2.5. Taxation
Income 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 year 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 asset reflects 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 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2024 131,574 219,558 591,394 13,269 955,795
Additions - 24,582 136,926 - 161,508
Disposals - - (62,500 ) - (62,500 )
As at 31 October 2025 131,574 244,140 665,820 13,269 1,054,803
...CONTINUED
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Depreciation
As at 1 November 2024 - 180,058 454,128 11,752 645,938
Provided during the period - 9,912 56,830 392 67,134
Disposals - - (15,625 ) - (15,625 )
As at 31 October 2025 - 189,970 495,333 12,144 697,447
Net Book Value
As at 31 October 2025 131,574 54,170 170,487 1,125 357,356
As at 1 November 2024 131,574 39,500 137,266 1,517 309,857
5. Stocks
2025 2024
£ £
Materials 3,000 3,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 367,442 260,204
Prepayments and accrued income 11,913 9,253
Other debtors - 50,536
Director's loan account - 25,807
379,355 345,800
Due after more than one year
Corporation tax recoverable assets 8,710 8,710
388,065 354,510
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 299,861 230,529
Corporation tax 24,276 31,228
Other taxes and social security 3,278 3,304
VAT 23,603 12,877
Accruals and deferred income 30,102 30,102
Director's loan account 21,710 -
402,830 308,040
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
Page 6