JSM Vehicle Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07096058

JSM Vehicle Services Limited

Filleted Unaudited Financial Statements

31 March 2026

JSM Vehicle Services Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		731	1,350

Current assets

Debtors	6	12,904	24,195
Cash at bank and in hand		3	2,109
		--------	--------
		12,907	26,304

Creditors: amounts falling due within one year	7	23,464		23,256
		--------		--------
Net current (liabilities)/assets			( 10,557)	3,048
			--------	-------
Total assets less current liabilities			( 9,826)	4,398
			-------	-------
Net (liabilities)/assets			( 9,826)	4,398
			-------	-------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		( 9,926)	4,298
		-------	-------
Shareholders (deficit)/funds		( 9,826)	4,398
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JSM Vehicle Services Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 28 October 2026 , and are signed on behalf of the board by:

J Morrison	S Ollivier
Director	Director

Company registration number: 07096058

JSM Vehicle Services Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 67 Rifle Hill, Braintree, CM7 1DQ, Essex.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the directors. The directors have indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore, the directors consider the going concern basis as appropriate.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Equipment	-	25% straight line

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	7,251	1,613	8,864
	-------	-------	-------
Depreciation
At 1 April 2025	5,901	1,613	7,514
Charge for the year	619	–	619
	-------	-------	-------
At 31 March 2026	6,520	1,613	8,133
	-------	-------	-------
Carrying amount
At 31 March 2026	731	–	731
	-------	-------	-------
At 31 March 2025	1,350	–	1,350
	-------	-------	-------

6. Debtors

	2026	2025
	£	£
Trade debtors	12,903	10,298
Directors loan account	–	9,298
Other debtors	1	4,599
	--------	--------
	12,904	24,195
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	560	704
Trade creditors	2,593	1,728
Accruals and deferred income	1,850	5,030
Corporation tax	12,245	12,319
Social security and other taxes	6,101	3,475
Director loan accounts	115	–
	--------	--------
	23,464	23,256
	--------	--------

HSBC Bank PLC have issued a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

8. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Directors' advances, credits and guarantees

At the year end the company owed the directors £115 (2025: the directors owed the company £9,298) by way of a directors loan account.