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REGISTERED NUMBER: 02083195 (England and Wales)














Unaudited Financial Statements

For The Year Ended 28th February 2023

for

J B H Associates Limited

J B H Associates Limited (Registered number: 02083195)






Contents of the Financial Statements
For The Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

J B H Associates Limited

Company Information
For The Year Ended 28th February 2023







DIRECTORS: Janet Elizabeth Harrison
Jutta Erna Hadfield
Paul Harrison





SECRETARY: Janet Elizabeth Harrison





REGISTERED OFFICE: Unit 1 Pingry Business Park
Coleford
Gloucestershire
GL16 8QD





REGISTERED NUMBER: 02083195 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

J B H Associates Limited (Registered number: 02083195)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,464 128,884

CURRENT ASSETS
Stocks 5 31,720 30,700
Debtors 6 568,811 423,437
Cash at bank and in hand 360 300
600,891 454,437
CREDITORS
Amounts falling due within one year 7 531,712 377,073
NET CURRENT ASSETS 69,179 77,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,643

206,248

CREDITORS
Amounts falling due after more than one
year

8

(136,568

)

(133,161

)

PROVISIONS FOR LIABILITIES 11 (5,400 ) (6,865 )
NET ASSETS 44,675 66,222

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 44,575 66,122
SHAREHOLDERS' FUNDS 44,675 66,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 B H Associates Limited (Registered number: 02083195)

Balance Sheet - continued
28th February 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 and authorised for issue by the Board of Directors and authorised for issue on 30th October 2023 and were signed on its behalf by:





Janet Elizabeth Harrison - Director


J B H Associates Limited (Registered number: 02083195)

Notes to the Financial Statements
For The Year Ended 28th February 2023

1. STATUTORY INFORMATION

J B H Associates 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.
Short leasehold - 5% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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
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.

J B H Associates Limited (Registered number: 02083195)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2022 37,073 245,868 96,793 379,734
Additions - 5,875 - 5,875
At 28th February 2023 37,073 251,743 96,793 385,609
DEPRECIATION
At 1st March 2022 - 187,224 63,626 250,850
Charge for year - 9,003 8,292 17,295
At 28th February 2023 - 196,227 71,918 268,145
NET BOOK VALUE
At 28th February 2023 37,073 55,516 24,875 117,464
At 28th February 2022 37,073 58,644 33,167 128,884

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 31,720 30,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade Debtors 566,271 420,394
Tax - 812
Prepayments 2,540 2,231
568,811 423,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 9) 256,648 119,885
Trade Creditors 82,407 78,147
Corporation Tax Payable 22,907 23,418
Social security and other taxes 21,121 20,347
VAT 94,379 131,776
Directors' current accounts 50,500 -
Accruals 3,750 3,500
531,712 377,073

J B H Associates Limited (Registered number: 02083195)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 9) 93,130 62,568
Other loans (see note 9) 33,046 42,695
Hire purchase contracts 10,392 27,898
136,568 133,161

9. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 256,648 119,885

Amounts falling due between one and two years:
Other loans - 1-2 years 33,046 42,695

Amounts falling due between two and five years:
Bank Loan Accounts 93,130 62,568

The company's overdraft is repayable upon demand but it is not anticipated that it will be withdrawn.

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank overdrafts 256,648 119,885
Bank loans 93,130 -
349,778 119,885

The company's bankers have a fixed and floating charge over the assets of the company. The company factors it's debts and there is a charge over the book debts.

11. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 5,400 6,865

J B H Associates Limited (Registered number: 02083195)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st March 2022 6,865
Credit to Income Statement during year (1,465 )
Balance at 28th February 2023 5,400

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

13. RESERVES
Retained
earnings
£   

At 1st March 2022 66,122
Profit for the year 9,600
Dividends (31,147 )
At 28th February 2023 44,575

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £31,147 (2022 - £36,200) were paid to the directors .

15. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J B H Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J B H Associates Limited for the year ended 28th February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of J B H Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J B H Associates Limited and state those matters that we have agreed to state to the Board of Directors of J B H Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J B H Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J B H Associates Limited. You consider that J B H Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J B H Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 30th October 2023