Registration number: 02056386

JME LTD

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

JME LTD

(Registration number: 02056386)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,293,583	1,400,684
Investment property	5	952,519	952,519
Investments	6	100	100
		2,246,202	2,353,303
Current assets
Stocks		1,200,788	2,027,872
Debtors	7	970,856	2,783,516
Cash at bank and in hand		5,102,520	2,552,835
		7,274,164	7,364,223
Creditors: Amounts falling due within one year	8	(910,922)	(1,564,422)
Net current assets		6,363,242	5,799,801
Total assets less current liabilities		8,609,444	8,153,104
Creditors: Amounts falling due after more than one year	8	-	(167,516)
Provisions for liabilities		(155,303)	(172,933)
Net assets		8,454,141	7,812,655
Capital and reserves
Called up share capital	9	51	51
Capital redemption reserve		49	49
Other reserves		162,392	162,392
Profit and loss account		8,291,649	7,650,163
Shareholders' funds		8,454,141	7,812,655

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2026 and signed on its behalf by:


 

C A Wright
Director

JME LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Electron House
Old Nelson Street
Lowestoft
Suffolk
NR32 1EQ

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account.

JME LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2.5% straight line basis on the cost of the buildings
Plant and machinery	25% reducing balance basis
Office furniture and equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Investments

Investments in shares in subsidiaries are measured at cost less impairment.

Cash
Cash comprises cash on hand and all deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

JME LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its net realisable value and; the impairment loss is recognised immediately in the profit or loss.

Research and Development
Expenditure on research and development is written off against the profits in the year in which it is incurred.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

3	Staff numbers

The average number of persons employed by the company during the year was 37 (2024 - 37).

JME LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Freehold land and buildings £	Office furniture and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 December 2024	1,500,335	425,527	214,536	482,303	2,622,701
Additions	-	9,139	-	11,595	20,734
Disposals	-	(23,411)	-	(910)	(24,321)
At 30 November 2025	1,500,335	411,255	214,536	492,988	2,619,114
Depreciation
At 1 December 2024	452,100	333,244	135,747	300,926	1,222,017
Charge for the year	32,532	24,573	19,692	47,972	124,769
Eliminated on disposal	-	(20,540)	-	(715)	(21,255)
At 30 November 2025	484,632	337,277	155,439	348,183	1,325,531
Net book value
At 30 November 2025	1,015,703	73,978	59,097	144,805	1,293,583
At 30 November 2024	1,048,235	92,283	78,789	181,377	1,400,684

5	Investment property

	2025 £	2024 £
At 1 December	952,519	952,519
At 30 November	952,519	952,519

The directors have reviewed the market value of the properties using current market data for similar properties in the same areas and consider that there is no significant change at the balance sheet date.

JME LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6	Investments

	2025 £	2024 £
Investment in subsidiary	100	100
	100	100