JME Site Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06781580 (England and Wales)

Financial Statements For The Year Ended 31st March 2018

for

JME Site Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Evans

R H Skeet

REGISTERED OFFICE:

64 High Street

Belper

Derbyshire

DE56 1GF

REGISTERED NUMBER:

06781580 (England and Wales)

ACCOUNTANTS:

L& S Accountancy Services

64 High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

4

9,823

15,884

CURRENT ASSETS

Stocks

112,294

197,258

Debtors

5

589,400

496,441

Cash at bank and in hand

426,494

514,983

1,128,188

1,208,682

CREDITORS

Amounts falling due within one year

6

1,308,408

1,169,077

NET CURRENT (LIABILITIES)/ASSETS

(180,220

)

39,605

TOTAL ASSETS LESS CURRENT LIABILITIES

(170,397

)

55,489

PROVISIONS FOR LIABILITIES

460

1,567

NET (LIABILITIES)/ASSETS

(170,857

)

53,922

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(170,859

)

53,920

SHAREHOLDERS' FUNDS

(170,857

)

53,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29th January 2019 and were signed on its behalf by:

P Evans - Director

1.	STATUTORY INFORMATION

JME Site Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

33% on cost, 25% on cost, 20% on cost and 15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 9 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2017

15,468

26,236

41,704

Additions

-

107

107

At 31st March 2018

15,468

26,343

41,811

DEPRECIATION

At 1st April 2017

9,281

16,539

25,820

Charge for year

3,094

3,074

6,168

At 31st March 2018

12,375

19,613

31,988

NET BOOK VALUE

At 31st March 2018

3,093

6,730

9,823

At 31st March 2017

6,187

9,697

15,884

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

427,412

380,853

Other debtors

161,988

115,588

589,400

496,441

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

158,995

128,835

Taxation and social security

13,868

71,402

Other creditors

1,135,545

968,840

1,308,408

1,169,077

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2018 and

31st March 2017:

2018

2017

£

£

P Evans

Balance outstanding at start of year

83,474

61,495

Amounts advanced

18,862

21,979

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

102,336

83,474

At 31st March 2018 the company owed to its director, Mr. R. H. Skeet the sum of £41,151 (2017: 61,843). This

amount is unsecured and has no fixed repayment terms. Interest is payable on this balance at 3%.

8.	RELATED PARTY DISCLOSURES

During the year the company paid Management Charges of £32,950 (2017: £98,850) to Charnor Ltd, £12,131

(2017: £74,000l) to Radway Training Ltd and £131,250 (2017 £183,750) to JME Holdings Ltd.

During the year the company purchased Materials from Charnor Ltd to the value of £nil (2017: £17,585). At 31st

March 2018 the company owed Charnor Ltd the sum of £307,125 (2017:£298,610), a company that is controlled

by Mr P.Evans and Mr R. H. Skeet who are joint directors and shareholders.

At 31st March 2018 the company was owed £474 (2017: £474) by Radway Site Services Ltd a company that is

controlled by both Mr. P. Evans and Mr. R. H. Skeet who are joint directors and shareholders.

At 31st March 2018 the company was owed £51,437 (2017: £44,257) by Radway Training Ltd. a company that

is controlled by Mr. P. Evans and Mr. R. H. Skeet who are the joint directors and shareholders.

During the year the company bought Materials amounting to £1,025,096 (2017: £729,656) from JME Holdings

Ltd. At 31st March 2018 the company owed JME Holdings Ltd £496,917 (2017: £388,105) a company that is

controlled by Mr. P. Evans and Mr. R. H. Skeet who are the joint directors and shareholders.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one party owns more than 50% of the ordinary issued share capital.