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REGISTERED NUMBER: 02005007 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

J.a.b. Hire Services Limited

J.a.b. Hire Services Limited (Registered number: 02005007)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


J.a.b. Hire Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr T A Butler
Mrs A M Butler
Mrs T A Sare





SECRETARY: Mrs T A Sare





REGISTERED OFFICE: Jab House
Delamare Road
Cheshunt
Hertfordshire
EN8 9SS





REGISTERED NUMBER: 02005007 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

J.a.b. Hire Services Limited (Registered number: 02005007)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 133,276 111,879

CURRENT ASSETS
Stocks 5 45,312 34,009
Debtors 6 101,326 131,016
Cash at bank and in hand 265,038 171,035
411,676 336,060
CREDITORS
Amounts falling due within one year 7 (70,957 ) (58,645 )
NET CURRENT ASSETS 340,719 277,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,995

389,294

CREDITORS
Amounts falling due after more than one year 8 (97,271 ) (75,428 )

PROVISIONS FOR LIABILITIES 9 (599 ) (1,299 )
NET ASSETS 376,125 312,567

CAPITAL AND RESERVES
Called up share capital 10 30,100 30,100
Retained earnings 11 346,025 282,467
SHAREHOLDERS' FUNDS 376,125 312,567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

J.a.b. Hire Services Limited (Registered number: 02005007)

Statement of Financial Position - continued
31 March 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2023 and were signed on its behalf by:





Mr T A Butler - Director


J.a.b. Hire Services Limited (Registered number: 02005007)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

J.a.b. Hire 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 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

J.a.b. Hire Services Limited (Registered number: 02005007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 951,371 49,364 81,434 1,082,169
Additions 81,469 - - 81,469
Disposals (40,281 ) - - (40,281 )
At 31 March 2023 992,559 49,364 81,434 1,123,357
DEPRECIATION
At 1 April 2022 847,620 47,267 75,403 970,290
Charge for year 54,850 315 1,207 56,372
Eliminated on disposal (36,581 ) - - (36,581 )
At 31 March 2023 865,889 47,582 76,610 990,081
NET BOOK VALUE
At 31 March 2023 126,670 1,782 4,824 133,276
At 31 March 2022 103,751 2,097 6,031 111,879

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 45,312 34,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 86,341 119,697
Deferred Interest 6,060 2,142
Directors' current accounts 338 590
Prepayments 8,587 8,587
101,326 131,016

J.a.b. Hire Services Limited (Registered number: 02005007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 28,627 8,964
Trade creditors 22,861 12,903
Tax 112 2
Social security and other taxes 6,392 3,934
Pension Payable 735 606
VAT 6,980 9,006
Wages control - 18,230
Accrued expenses 5,250 5,000
70,957 58,645

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 39,771 17,928
Directors' loan accounts 57,500 57,500
97,271 75,428

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 599 1,299

Deferred
tax
£   
Balance at 1 April 2022 1,299
Provided during year (700 )
Balance at 31 March 2023 599

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
30,100 Ordinary £1 30,100 30,100

J.a.b. Hire Services Limited (Registered number: 02005007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


11. RESERVES
Retained
earnings
£   

At 1 April 2022 282,467
Profit for the year 83,558
Dividends (20,000 )
At 31 March 2023 346,025