REGISTERED NUMBER: SC195459 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

JRM Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Seaton

Miss R C A Seaton

Miss L R W Seaton

REGISTERED OFFICE:

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

REGISTERED NUMBER:

SC195459 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

1

1

Property, plant and equipment

5

362,972

448,653

362,973

448,654

CURRENT ASSETS

Inventories

632,949

376,146

Debtors

6

772,207

775,008

Prepayments and accrued income

17,890

17,779

Cash at bank

1,855,047

1,921,697

3,278,093

3,090,630

CREDITORS

Amounts falling due within one year

7

295,563

181,037

NET CURRENT ASSETS

2,982,530

2,909,593

TOTAL ASSETS LESS CURRENT LIABILITIES

3,345,503

3,358,247

PROVISIONS FOR LIABILITIES

(43,500

)

(43,500

)

ACCRUALS AND DEFERRED INCOME

(8,658

)

(10,593

)

NET ASSETS

3,293,345

3,304,154

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,293,245

3,304,054

SHAREHOLDERS' FUNDS

3,293,345

3,304,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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:

Mrs J Seaton - Director

1.	STATUTORY INFORMATION

JRM Products Limited is a private company, limited by shares , registered in Scotland. 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on reducing balance

Plant and machinery

-

Straight line over 5 years

Motor vehicles

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

Stocks

Inventories 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.

Hire purchase and leasing commitments

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 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

5.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

508,579

1,329,248

6,200

141,883

1,985,910

DEPRECIATION

At 1 October 2024

233,885

1,158,512

6,200

138,660

1,537,257

Charge for year

10,988

73,355

-

1,338

85,681

At 30 September 2025

244,873

1,231,867

6,200

139,998

1,622,938

NET BOOK VALUE

At 30 September 2025

263,706

97,381

-

1,885

362,972

At 30 September 2024

274,694

170,736

-

3,223

448,653

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

£

Trade debtors

85,415

155,682

Other debtors

575,105

560,000

Tax

29,398

-

VAT

82,289

59,326

772,207

775,008

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

£

Trade creditors

271,780

166,850

Social security and other taxes

13,024

9,992

Other creditors

8,400

2,878

Directors' loan accounts

2,359

1,317

295,563

181,037