REGISTERED NUMBER: 08984501 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

JMS BREAKERS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J R Dobson

J P Timmins

SECRETARY:

REGISTERED OFFICE:

Unit 13

Tweedale Recycling Centre

Madeley

Telford

Shropshire

TF7 4JT

REGISTERED NUMBER:

08984501 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

494,982

486,953

494,982

486,953

CURRENT ASSETS

Stocks

56,970

55,860

Debtors

6

71,171

104,962

Prepayments and accrued income

56,997

57,891

Cash at bank and in hand

389,577

451,857

574,715

670,570

CREDITORS

Amounts falling due within one year

7

303,009

401,794

NET CURRENT ASSETS

271,706

268,776

TOTAL ASSETS LESS CURRENT LIABILITIES

766,688

755,729

CREDITORS

Amounts falling due after more than one year

8

(105,362

)

(175,092

)

PROVISIONS FOR LIABILITIES

10

(118,500

)

(102,500

)

NET ASSETS

542,826

478,137

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

542,626

477,937

SHAREHOLDERS' FUNDS

542,826

478,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2026 and were signed on its behalf by:

J R Dobson - Director

J P Timmins - Director

1.	STATUTORY INFORMATION

JMS Breakers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

10% on cost

Stocks

Stocks 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

197,000

AMORTISATION

At 1 June 2025

and 31 May 2026

197,000

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2025

870,861

Additions

181,659

Disposals

(108,249

)

At 31 May 2026

944,271

DEPRECIATION

At 1 June 2025

383,908

Charge for year

95,531

Eliminated on disposal

(30,150

)

At 31 May 2026

449,289

NET BOOK VALUE

At 31 May 2026

494,982

At 31 May 2025

486,953

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 June 2025

281,347

Additions

68,941

Disposals

(93,599

)

At 31 May 2026

256,689

DEPRECIATION

At 1 June 2025

36,084

Charge for year

35,029

Eliminated on disposal

(18,720

)

At 31 May 2026

52,393

NET BOOK VALUE

At 31 May 2026

204,296

At 31 May 2025

245,263

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

67,972

104,162

Other debtors

3,199

800

71,171

104,962

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

40,000

Hire purchase contracts

55,180

54,858

Trade creditors

63,378

62,948

Taxation and social security

169,067

214,827

Other creditors

15,384

29,161

303,009

401,794

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

105,362

175,092

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

40,000

Hire purchase contracts

160,542

229,950

160,542

269,950

Hire Purchase creditors are secured by a charge over the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

118,500

102,500

Deferred

tax

£

Balance at 1 June 2025

102,500

Provided during year

16,000

Balance at 31 May 2026

118,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1.00

100

100

100

Ordinary 'B'

£1.00

100

100

200

200