Company Registration No. 11826408 (England and Wales)
J & B Wholesale Ltd
Unaudited accounts
for the year ended 28 February 2023
J & B Wholesale Ltd
Unaudited accounts
Contents
J & B Wholesale Ltd
Company Information
for the year ended 28 February 2023
Directors
Mrs T Mowlam
Mr M Mowlam
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 2023
Tangible assets
23,235
27,408
Cash at bank and in hand
25,265
23,283
Creditors: amounts falling due within one year
(64,664)
(79,587)
Net current assets/(liabilities)
17,914
(3,780)
Total assets less current liabilities
41,149
23,628
Creditors: amounts falling due after more than one year
(35,000)
-
Called up share capital
50
50
Profit and loss account
6,099
23,578
Shareholders' funds
6,149
23,628
For the year ending 28 February 2023 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 10 November 2023 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 2023
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
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
30,314
9,808
-
40,122
At 28 February 2023
30,314
9,808
926
41,048
At 1 March 2022
8,769
3,945
-
12,714
Charge for the year
3,878
1,055
166
5,099
At 28 February 2023
12,647
5,000
166
17,813
At 28 February 2023
17,667
4,808
760
23,235
At 28 February 2022
21,545
5,863
-
27,408
J & B Wholesale Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
40,687
37,095
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,257
29,099
Trade creditors
50,614
47,230
Taxes and social security
1,951
3,988
Loans from directors
842
(730)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 13 (2022: 9).