Jmr Av Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04831530 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Jmr Av Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr M Hannawin

Mr R Pasker

REGISTERED OFFICE:

92b Whiteladies Road

Clifton Bristol

Avon

BS8 2QN

REGISTERED NUMBER:

04831530 (England and Wales)

ACCOUNTANTS:

Elsburys Accountants

Suite 2

1 Kings Road

Crowthorne

Berkshire

RG45 7BF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,125

45,440

36,125

45,440

CURRENT ASSETS

Stocks

432,145

514,842

Debtors

6

294,245

316,332

Cash at bank and in hand

84,209

33,668

810,599

864,842

CREDITORS

Amounts falling due within one year

7

557,914

622,135

NET CURRENT ASSETS

252,685

242,707

TOTAL ASSETS LESS CURRENT LIABILITIES

288,810

288,147

CREDITORS

Amounts falling due after more than one year

8

(36,667

)

(46,667

)

PROVISIONS FOR LIABILITIES

(8,787

)

(8,407

)

NET ASSETS

243,356

233,073

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

243,056

232,773

SHAREHOLDERS' FUNDS

243,356

233,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 20 March 2024 and were signed on its behalf by:

Mr M Hannawin - Director

Mr R Pasker - Director

1.	STATUTORY INFORMATION

Jmr Av Ltd. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of nil years.

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 etc

-

25% on reducing balance and 20% 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.

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 8 (2022 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 August 2022

and 31 July 2023

495,000

6,583

501,583

AMORTISATION

At 1 August 2022

and 31 July 2023

495,000

6,583

501,583

NET BOOK VALUE

At 31 July 2023

-

-

-

At 31 July 2022

-

-

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Long

to

and

leasehold

property

fittings

£

£

£

COST

At 1 August 2022

7,000

118,803

88,833

Additions

-

-

-

At 31 July 2023

7,000

118,803

88,833

DEPRECIATION

At 1 August 2022

7,000

106,945

72,113

Charge for year

-

2,372

3,343

At 31 July 2023

7,000

109,317

75,456

NET BOOK VALUE

At 31 July 2023

-

9,486

13,377

At 31 July 2022

-

11,858

16,720

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2022

47,044

6,676

268,356

Additions

-

791

791

At 31 July 2023

47,044

7,467

269,147

DEPRECIATION

At 1 August 2022

30,292

6,566

222,916

Charge for year

4,188

203

10,106

At 31 July 2023

34,480

6,769

233,022

NET BOOK VALUE

At 31 July 2023

12,564

698

36,125

At 31 July 2022

16,752

110

45,440

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

1,209

7,341

Amounts owed by group undertakings

263,084

257,165

Other debtors

29,952

51,826

294,245

316,332

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Hire purchase contracts

-

4,929

Trade creditors

88,556

118,212

Taxation and social security

118,699

100,780

Other creditors

350,659

398,214

557,914

622,135

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans

36,667

46,667

9.	RELATED PARTY DISCLOSURES

MRL Holdings Ltd a company under common control by the directors has loaned the company £261,929 The loan is fully repayable.(2022 £255,823)

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M Hannawin and Mr R Pasker by virtue of their shareholdings.

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 Jmr Av Ltd. for the year ended 31 July 2023 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 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 Jmr Av Ltd., 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 Jmr Av Ltd. and state those matters that we have agreed to state to the Board of Directors of Jmr Av Ltd., 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 Jmr Av Ltd. 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 Jmr Av Ltd.. You consider that Jmr Av Ltd. 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 Jmr Av Ltd.. 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.

Elsburys Accountants

Suite 2

1 Kings Road

Crowthorne

Berkshire

RG45 7BF

20 March 2024