1 March 2021 false No description of principal activity Taxfiler 2022.8.3 11826408business:PrivateLimitedCompanyLtd2021-03-012022-02-28 118264082021-02-28 118264082021-03-012022-02-28 11826408business:AuditExempt-NoAccountantsReport2021-03-012022-02-28 11826408business:FullAccounts2021-03-012022-02-28 118264082022-02-28 11826408business:Director12021-03-012022-02-28 11826408business:Director22021-03-012022-02-28 11826408business:Director32021-03-012022-02-28 11826408business:Director42021-03-012022-02-28 11826408business:Director52021-03-012022-02-28 11826408business:RegisteredOffice2021-03-012022-02-28 118264082021-02-28 11826408core:WithinOneYear2022-02-28 11826408core:WithinOneYear2021-02-28 11826408core:ShareCapital2022-02-28 11826408core:ShareCapital2021-02-28 11826408core:RetainedEarningsAccumulatedLosses2022-02-28 11826408core:RetainedEarningsAccumulatedLosses2021-02-28 11826408business:SmallEntities2021-03-012022-02-28 11826408countries:EnglandWales2021-03-012022-02-28 11826408core:PlantMachinery2021-03-012022-02-28 11826408core:MotorVehicles2021-03-012022-02-28 11826408core:PlantMachinery2021-02-28 11826408core:MotorVehicles2021-02-28 11826408core:PlantMachinery2022-02-28 11826408core:MotorVehicles2022-02-28 118264082020-03-012021-02-28 iso4217:GBP xbrli:pure
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
Page
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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
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J & B Wholesale Ltd Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,408 
19,185 
Current assets
Inventories
11,715 
11,715 
Debtors
40,809 
9,682 
Cash at bank and in hand
23,283 
24,053 
75,807 
45,450 
Creditors: amounts falling due within one year
(79,587)
(45,944)
Net current liabilities
(3,780)
(494)
Net assets
23,628 
18,691 
Capital and reserves
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
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J & B Wholesale Ltd Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 28 February 2022
21,545 
5,863 
27,408 
At 28 February 2021
10,844 
8,341 
19,185 
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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 
£ 
£ 
VAT
3,714 
- 
Trade debtors
37,095 
5,752 
Other debtors
- 
3,930 
40,809 
9,682 
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 
79,587 
45,944 
7
Average number of employees
During the year the average number of employees was 9 (2021: 7).
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