| Registered number: 13649604 | ||||||||
| FOR THE YEAR ENDED 30/09/2025 | ||||||||
| JMS Horseboxes Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30/09/2025 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Essex | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 13649604 | ||||||||
| JMS Horseboxes Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30/09/2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| JMS Horseboxes Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| 259,273 | 254,623 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT (LIABILITIES) / ASSETS | ( | 5,492 | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Profit and loss account | (90,012) | 13,773 | ||||||||
| SHAREHOLDERS' FUNDS | ( | |||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| JMS Horseboxes Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30/09/2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
| Commercial Vehicles | reducing balance25% | |||||||
| Equipment | reducing balance25% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1e. Financial Instruments | ||||||||
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. | ||||||||
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost. | ||||||||
| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. | ||||||||
| JMS Horseboxes Ltd | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 3 | |||||
| 3. TANGIBLE FIXED ASSETS | ||||||
| Commercial | ||||||
| Vehicles | Equipment | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/10/2024 | 32,500 | - | 32,500 | |||
| Additions | - | 999 | 999 | |||
| At 30/09/2025 | 32,500 | 999 | 33,499 | |||
| Depreciation | ||||||
| At 01/10/2024 | 14,219 | - | 14,219 | |||
| For the year | 4,570 | 250 | 4,820 | |||
| At 30/09/2025 | 18,789 | 250 | 19,039 | |||
| Net Book Amounts | ||||||
| At 30/09/2025 | 14,460 | |||||
| At 30/09/2024 | 18,281 | |||||
| 4. STOCK | 2025 | 2024 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 5. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| VAT | 11,126 | 2,023 | ||||||
| PAYE control | 6,147 | - | ||||||
| 17,273 | 2,023 | |||||||
| JMS Horseboxes Ltd | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| UK corporation tax | 30,276 | 32,145 | ||||||
| PAYE control | - | 1,684 | ||||||
| Directors current account | 302,757 | 162,557 | ||||||
| Bank loans and overdrafts | 15,179 | 17,431 | ||||||
| Trade creditors | 4,245 | 34,026 | ||||||
| Pension schemes | 188 | 188 | ||||||
| Accruals | 1,100 | 1,100 | ||||||
| 353,745 | 249,131 | |||||||
| 7. SHARE CAPITAL | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 10,000 | 10000 | |||||||
| 10,000 | 10,000 | |||||||