J Munro Property Maintenance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04452641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

FOR

J MUNRO PROPERTY MAINTENANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Munro

Mrs S Munro

SECRETARY:

Mrs G Munro

REGISTERED OFFICE:

127 High Street

Farnborough

Kent

BR6 7AZ

REGISTERED NUMBER:

04452641 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Tangible assets

4

51,132

16,309

CURRENT ASSETS

Stocks

6,250

5,750

Debtors

5

396,470

249,263

Cash at bank and in hand

128,115

118,156

530,835

373,169

CREDITORS

Amounts falling due within one year

6

288,953

191,466

NET CURRENT ASSETS

241,882

181,703

TOTAL ASSETS LESS CURRENT LIABILITIES

293,014

198,012

CREDITORS

Amounts falling due after more than one year

7

65,603

-

NET ASSETS

227,411

198,012

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

227,409

198,010

SHAREHOLDERS' FUNDS

227,411

198,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2020 and were signed on its behalf by:

Mr J Munro - Director

1.	STATUTORY INFORMATION

J Munro Property Maintenance Limited 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.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office Equipments & Furniture

-

25% on reducing balance

Tools and Equipment

-

25% on reducing balance

Motor Vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

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 10 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Office

Equipments

Tools and

Motor

& Furniture

Equipment

Vehicles

Totals

£

£

£

£

COST

At 1 June 2019

13,602

14,337

25,700

53,639

Additions

1,950

-

49,917

51,867

At 31 May 2020

15,552

14,337

75,617

105,506

DEPRECIATION

At 1 June 2019

5,647

10,106

21,577

37,330

Charge for year

2,476

1,058

13,510

17,044

At 31 May 2020

8,123

11,164

35,087

54,374

NET BOOK VALUE

At 31 May 2020

7,429

3,173

40,530

51,132

At 31 May 2019

7,955

4,231

4,123

16,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade Debtors

258,124

130,194

Loan

20,000

-

Director's Loan Account

117,000

117,000

Other Debtors & Prepayments

1,346

2,069

396,470

249,263

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank Overdraft & Loan

15,496

8,333

Hire purchase contracts

6,642

-

Trade Creditors

119,679

100,310

Corporation Tax

32,464

7,643

Social Security & Other Taxes

10,220

6,634

Vat Creditor

92,874

62,172

Director's Loan Account

618

235

Accrued Expenses

7,880

-

Other Creditors & Accruals

3,080

6,139

288,953

191,466

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank Loan

33,333

-

Hire purchase contracts

32,270

-

65,603

-

8.

RESERVES

Retained

earnings

£

At 1 June 2019

198,010

Profit for the year

89,399

Dividends

(60,000

)

At 31 May 2020

227,409