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Company Registration No. 04991172 (England and Wales)
J.M. Bearings Limited Unaudited accounts for the year ended 31 March 2026
J.M. Bearings Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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J.M. Bearings Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
1,131
7,625
Current assets
Inventories
183,474
194,123
Debtors
6
154,823
159,305
Cash at bank and in hand
466,334
438,444
804,631
791,872
Creditors: amounts falling due within one year
7
(137,567)
(185,097)
Net current assets
667,064
606,775
Total assets less current liabilities
668,195
614,400
Provisions for liabilities
Deferred tax
-
(1,130)
Net assets
668,195
613,270
Capital and reserves
Called up share capital
200
200
Profit and loss account
667,995
613,070
Shareholders' funds
668,195
613,270
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 directors acknowledge their 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 of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by
Andrew Winston Hill Director Company Registration No. 04991172
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J.M. Bearings Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
J.M. Bearings Limited is a private company, limited by shares, registered in England and Wales, registration number 04991172. The registered office is 29 Bushmead Road, Eaton Socon, St Neots, Cambridgeshire, PE19 8GN.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
15 - 25% straight line
Motor vehicles
15 - 25% straight line
Fixtures & fittings
15 - 25% straight line
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company makes contributions to a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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J.M. Bearings Limited Notes to the Accounts for the year ended 31 March 2026
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
1,000
At 31 March 2026
1,000
Amortisation
At 1 April 2025
1,000
At 31 March 2026
1,000
Net book value
At 31 March 2026
-
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
8,525
56,124
1,497
7,504
73,650
Additions
-
-
-
583
583
At 31 March 2026
8,525
56,124
1,497
8,087
74,233
Depreciation
At 1 April 2025
8,024
50,061
1,337
6,603
66,025
Charge for the year
254
6,063
80
680
7,077
At 31 March 2026
8,278
56,124
1,417
7,283
73,102
Net book value
At 31 March 2026
247
-
80
804
1,131
At 31 March 2025
501
6,063
160
901
7,625
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
151,805
156,580
Accrued income and prepayments
3,018
2,725
154,823
159,305
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J.M. Bearings Limited Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
24,365
28,649
Trade creditors
76,605
84,599
Taxes and social security
29,327
59,231
Other creditors
2,776
2,512
Loans from directors
130
5,281
Accruals
4,364
4,825
137,567
185,097
8
Average number of employees
During the year the average number of employees was 5 (2025: 7).
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