John Merison (BMC) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03401473 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

John Merison (Building Maintenance

Contractors) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

J Merison

G Merison

SECRETARY:

Mrs JC Merison

REGISTERED OFFICE:

2 Thornborough Road

Coalville

Leicestershire

LE67 3TH

REGISTERED NUMBER:

03401473 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

66,306

102,931

CURRENT ASSETS

Stocks

5

168,546

173,425

Debtors

6

234,088

153,310

Cash at bank and in hand

99,004

64,682

501,638

391,417

CREDITORS

Amounts falling due within one year

7

224,686

246,115

NET CURRENT ASSETS

276,952

145,302

TOTAL ASSETS LESS CURRENT LIABILITIES

343,258

248,233

CREDITORS

Amounts falling due after more than one year

8

(68,610

)

(81,417

)

PROVISIONS FOR LIABILITIES

10

(13,358

)

(17,333

)

NET ASSETS

261,290

149,483

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

261,190

149,383

SHAREHOLDERS' FUNDS

261,290

149,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 5 April 2023 and were signed on its behalf by:

J Merison - Director

1.	STATUTORY INFORMATION

John Merison (Building Maintenance Contractors) 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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 19 (2021 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2022

132,811

26,859

5,671

Additions

-

1,579

320

Disposals

-

(18,384

)

(4,273

)

At 31 December 2022

132,811

10,054

1,718

DEPRECIATION

At 1 January 2022

79,687

18,091

4,151

Charge for year

13,281

2,439

1,032

Eliminated on disposal

-

(14,918

)

(3,738

)

At 31 December 2022

92,968

5,612

1,445

NET BOOK VALUE

At 31 December 2022

39,843

4,442

273

At 31 December 2021

53,124

8,768

1,520

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2022

119,266

10,815

295,422

Additions

-

1,324

3,223

Disposals

(71,536

)

-

(94,193

)

At 31 December 2022

47,730

12,139

204,452

DEPRECIATION

At 1 January 2022

84,367

6,195

192,491

Charge for year

11,932

1,356

30,040

Eliminated on disposal

(65,729

)

-

(84,385

)

At 31 December 2022

30,570

7,551

138,146

NET BOOK VALUE

At 31 December 2022

17,160

4,588

66,306

At 31 December 2021

34,899

4,620

102,931

5.

STOCKS

31.12.22

31.12.21

£

£

Stocks

5,721

5,721

Work-in-progress

162,825

167,704

168,546

173,425

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

218,760

136,211

Other debtors

15,328

17,099

234,088

153,310

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts (see note 9)

28,725

28,370

Hire purchase contracts

3,820

30,262

Trade creditors

90,478

97,679

Taxation and social security

90,080

81,114

Other creditors

11,583

8,690

224,686

246,115

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans (see note 9)

52,337

81,417

Hire purchase contracts

16,273

-

68,610

81,417

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.22

31.12.21

£

£

Amounts falling due within one year or on demand:

Bank loans

28,725

28,370

Amounts falling due between one and two years:

Bank loans - 1-2 years

52,337

81,417

10.	PROVISIONS FOR LIABILITIES

31.12.22

31.12.21

£

£

Deferred tax

13,358

17,333

Deferred

tax

£

Balance at 1 January 2022

17,333

Provided during year

(3,975

)

Balance at 31 December 2022

13,358

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

100

Ordinary share

£1

100

100

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Merison.

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 John Merison (Building Maintenance Contractors) Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of John Merison (Building Maintenance Contractors) 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 John Merison (Building Maintenance Contractors) Limited and state those matters that we have agreed to state to the Board of Directors of John Merison (Building Maintenance Contractors) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Merison (Building Maintenance Contractors) 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 profit of John Merison (Building Maintenance Contractors) Limited. You consider that John Merison (Building Maintenance Contractors) 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 John Merison (Building Maintenance Contractors) 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.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

5 September 2023