Accounts filed on 30-09-2023


Registered number: 13649604






JMS Horseboxes Ltd


ACCOUNTS

FOR THE 548 DAY PERIOD ENDED 30/09/2023
























Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT


ACCOUNTS
FOR THE 548 DAY PERIOD ENDED 30/09/2023





DIRECTORS
John Stevens
Nicola Stevens


REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13649604



ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT


ACCOUNTS
FOR THE548 DAY PERIODENDED30/09/2023



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/09/2023

			2023
	Notes		£

FIXED ASSETS
Tangible assets	3		24,375

CURRENT ASSETS
Stock		172,600
		172,600
CREDITORS: Amounts falling due within one year	5	166,124
NET CURRENT ASSETS			6,476
TOTAL ASSETS LESS CURRENT LIABILITIES			30,851

CAPITAL AND RESERVES

Called up share capital	6		10,000
Profit and loss account			20,851
SHAREHOLDERS' FUNDS			30,851

For the year ending 30/09/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 02/02/2024 and signed on their behalf by



.............................
John Stevens
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Commercial Vehicles		reducing balance25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. 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. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023
				£
UK corporation tax				21,573
VAT				14,731
PAYE control				4,824
Directors current account				91,350
Bank loans and overdrafts				22,300
Trade creditors				10,049
Pension schemes				97
Accruals				1,200
				166,124




6. SHARE CAPITAL				2023
				£
Allotted, issued and fully paid:
10000 Ordinary shares of £1 each				10000
				10,000

New shares issued during period:
10000 Ordinary shares of £1 each				10000
				10,000