J&M Bathrooms Limited - Accounts to registrar (filleted) - small 18.2

J&M Bathrooms Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 11928296 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

J&M BATHROOMS LIMITED

J&M BATHROOMS LIMITED (REGISTERED NUMBER: 11928296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

J&M BATHROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2021







DIRECTORS: J A Newbery
M A Semeniuk





REGISTERED OFFICE: Trencreeck Cot
Tuckers Close
Newquay
Cornwall
TR8 4NT





REGISTERED NUMBER: 11928296 (England and Wales)





ACCOUNTANTS: Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT

J&M BATHROOMS LIMITED (REGISTERED NUMBER: 11928296)

BALANCE SHEET
30 APRIL 2021

30.4.21 30.4.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,657 12,483

CURRENT ASSETS
Debtors 5 65,655 8,932
Cash at bank 1,194 1,522
66,849 10,454
CREDITORS
Amounts falling due within one year 6 35,571 13,014
NET CURRENT ASSETS/(LIABILITIES) 31,278 (2,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,935

9,923

CREDITORS
Amounts falling due after more than one
year

7

45,821

9,880
NET (LIABILITIES)/ASSETS (5,886 ) 43

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,888 ) 41
SHAREHOLDERS' FUNDS (5,886 ) 43

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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.

J&M BATHROOMS LIMITED (REGISTERED NUMBER: 11928296)

BALANCE SHEET - continued
30 APRIL 2021


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 27 January 2022 and were signed on its behalf by:




J A Newbery - Director



M A Semeniuk - Director


J&M BATHROOMS LIMITED (REGISTERED NUMBER: 11928296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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 5 (2020 - 5 ) .

J&M BATHROOMS LIMITED (REGISTERED NUMBER: 11928296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2020 16,644
Additions 447
At 30 April 2021 17,091
DEPRECIATION
At 1 May 2020 4,161
Charge for year 4,273
At 30 April 2021 8,434
NET BOOK VALUE
At 30 April 2021 8,657
At 30 April 2020 12,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.21 30.4.20
£    £   
Trade debtors - 2,497
Other debtors 65,655 6,435
65,655 8,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.21 30.4.20
£    £   
Bank loans and overdrafts 10,249 -
Hire purchase contracts 3,811 3,812
Taxation and social security 20,149 8,102
Other creditors 1,362 1,100
35,571 13,014

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.21 30.4.20
£    £   
Bank loans 39,751 -
Hire purchase contracts 6,070 9,880
45,821 9,880

J&M BATHROOMS LIMITED (REGISTERED NUMBER: 11928296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2021

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2021 and the period ended 30 April 2020:

30.4.21 30.4.20
£    £   
J A Newbery
Balance outstanding at start of year 5,333 5,333
Amounts advanced 60,981 -
Amounts repaid (38,451 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,863 5,333

M A Semeniuk
Balance outstanding at start of year 1,102 1,102
Amounts advanced 39,649 -
Amounts repaid (19,661 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,090 1,102

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J&M BATHROOMS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J&M Bathrooms Limited for the year ended 30 April 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J&M Bathrooms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J&M Bathrooms Limited and state those matters that we have agreed to state to the Board of Directors of J&M Bathrooms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J&M Bathrooms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J&M Bathrooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J&M Bathrooms Limited. You consider that J&M Bathrooms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J&M Bathrooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT


27 January 2022