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REGISTERED NUMBER: 00884314 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

JBB Electrical Ltd

JBB Electrical Ltd (Registered number: 00884314)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JBB Electrical Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Birch
D Birch
Mrs B Birch





SECRETARY: M Harris





REGISTERED OFFICE: Unit 7 Station Terrace
Kegworth
Derbyshire
DE74 2GE





REGISTERED NUMBER: 00884314 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

JBB Electrical Ltd (Registered number: 00884314)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 351,253 263,568

CURRENT ASSETS
Stocks 81,808 19,845
Debtors 5 539,279 366,436
Cash at bank 63,843 175,906
684,930 562,187
CREDITORS
Amounts falling due within one year 6 650,593 495,749
NET CURRENT ASSETS 34,337 66,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,590

330,006

CREDITORS
Amounts falling due after more than one
year

7

(62,868

)

(48,229

)

PROVISIONS FOR LIABILITIES (66,738 ) (50,078 )
NET ASSETS 255,984 231,699

CAPITAL AND RESERVES
Called up share capital 8 500 500
Capital redemption reserve 99 99
Retained earnings 255,385 231,100
SHAREHOLDERS' FUNDS 255,984 231,699

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.

JBB Electrical Ltd (Registered number: 00884314)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2023 and were signed on its behalf by:





D Birch - Director


JBB Electrical Ltd (Registered number: 00884314)

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

1. STATUTORY INFORMATION

JBB Electrical 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - in line with expected residual value
Plant and machinery etc - 25% on cost, 25% on reducing balance and 10% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

JBB Electrical Ltd (Registered number: 00884314)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 130,070 285,649 415,719
Additions - 136,726 136,726
Disposals - (21,913 ) (21,913 )
At 31 March 2023 130,070 400,462 530,532
DEPRECIATION
At 1 April 2022 8,124 144,027 152,151
Charge for year 2,601 44,241 46,842
Eliminated on disposal - (19,714 ) (19,714 )
At 31 March 2023 10,725 168,554 179,279
NET BOOK VALUE
At 31 March 2023 119,345 231,908 351,253
At 31 March 2022 121,946 141,622 263,568

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 146,584
Additions 127,350
Transfer to ownership (58,565 )
At 31 March 2023 215,369
DEPRECIATION
At 1 April 2022 54,121
Charge for year 30,530
Transfer to ownership (40,252 )
At 31 March 2023 44,399
NET BOOK VALUE
At 31 March 2023 170,970
At 31 March 2022 92,463

JBB Electrical Ltd (Registered number: 00884314)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 500,492 321,938
Other debtors 38,787 44,498
539,279 366,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,952 9,707
Hire purchase contracts 38,431 24,614
Trade creditors 251,156 174,410
Taxation and social security 58,538 60,345
Other creditors 292,516 226,673
650,593 495,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,435 32,387
Hire purchase contracts 40,433 15,842
62,868 48,229

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
167 Ordinary A shares £1 167 167
166 Ordinary B shares £1 166 166
167 Ordinary C shares £1 167 167
500 500

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.