Company Registration No. 11826408 (England and Wales)
J & B Wholesale Ltd
Unaudited accounts
for the year ended 28 February 2022
J & B Wholesale Ltd
Unaudited accounts
Contents
J & B Wholesale Ltd
Company Information
for the year ended 28 February 2022
Directors
Mrs T Mowlam
Mr M Mowlam
Mr J Kennett
Mrs G Kennett
Mr B McFarlane
Company Number
11826408 (England and Wales)
Registered Office
J & B WHOLESALE CLIFTON BUILDINGS
AVENUE ROAD
FRESHWATER
ISLE OF WIGHT
PO40 9UT
UNITED KINGDOM
Accountants
J C Tax & Accounts Services
Holmleigh
Colwell Road
Isle Of Wight
Isle of Wight
PO390AH
J & B Wholesale Ltd
Statement of financial position
as at 28 February 2022
Tangible assets
27,408
19,185
Cash at bank and in hand
23,283
24,053
Creditors: amounts falling due within one year
(79,587)
(45,944)
Net current liabilities
(3,780)
(494)
Called up share capital
50
50
Profit and loss account
23,578
18,641
Shareholders' funds
23,628
18,691
For the year ending 28 February 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2022 and were signed on its behalf by
Mr M Mowlam
Director
Company Registration No. 11826408
J & B Wholesale Ltd
Notes to the Accounts
for the year ended 28 February 2022
J & B Wholesale Ltd is a private company, limited by shares, registered in England and Wales, registration number 11826408. The registered office is J & B WHOLESALE CLIFTON BUILDINGS, AVENUE ROAD, FRESHWATER, ISLE OF WIGHT, PO40 9UT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on a reducing balance basis
Motor vehicles
18% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2021
14,884
11,000
25,884
Additions
15,430
5,208
20,638
Disposals
-
(6,400)
(6,400)
At 28 February 2022
30,314
9,808
40,122
At 1 March 2021
4,040
2,659
6,699
Charge for the year
4,729
2,438
7,167
On disposals
-
(1,152)
(1,152)
At 28 February 2022
8,769
3,945
12,714
At 28 February 2022
21,545
5,863
27,408
At 28 February 2021
10,844
8,341
19,185
J & B Wholesale Ltd
Notes to the Accounts
for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
37,095
5,752
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
29,099
31,000
Trade creditors
47,230
6,596
Taxes and social security
3,988
4,442
Loans from directors
(730)
3,906
7
Average number of employees
During the year the average number of employees was 9 (2021: 7).